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IRS Wants Electronic Filing But Is Harsher On Penalties Than With Paper Filers

By | May 11th, 2018|Categories: Uncategorized|Tags: , |

Should electronic filers be held to a higher standard than paper filers? That is how attorney Douglas Greenberg may be framing the appeal of the recent District Court decision in the case of John Spottiswood. Magistrate Judge Maria-Elena James ruled that Mr. Spottiswood's penalties for late file and late pay of his 2012 return (0ver $130,000) Read more

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How much does the average American pay in taxes? It depends

By | April 26th, 2018|Categories: Uncategorized|Tags: , |

The 2018 U.S. tax deadline is now behind us, which means that many Americans have now received, or will receive, their tax refunds, while others have now written checks to the IRS for the amounts they owe. With that in mind, how much does the average American household pay in taxes? And keep in mind that Read more

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When is an entertainment an expense?

By | April 20th, 2018|Categories: Uncategorized|Tags: , |

The tax rules related to meals and entertainment have changed, and left some uncertainty in the gap between the old law and the new. Before the Tax Cuts and Jobs Act, the deduction allowed for entertainment expenses was limited to 50 percent of the amount otherwise deductible. Under the TCJA, the deduction for entertainment is completely Read more

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Helping Businesses Grow & Succeed

By | January 18th, 2018|Categories: Uncategorized|

Dear Business Owner, Are you an established business looking to easily obtain loans and learn how to build credit? We want to help make your business bankable! Learn how to make your business loan-worthy and receive key insights from seasoned business-banking veterans.  In addition, the event will include: A presentation by Wells Fargo: “Get Smart About Credit", Read more

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Tax deductions? Yes, please!

By | January 10th, 2018|Categories: Accounting, CPAs and CFOs, Financial Investments, Small Business, Staff Accountants, Tax Information|Tags: , , , , , , , , , |

The conventional tax wisdom at the end of the year is to pull in deductions to offset current tax liability and push off income to postpone tax payment. This takes on added significance in 2017 with enactment of the new tax reform law, the Tax Cuts and Jobs Act (TCJA). Because the bill, just signed into Read more

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Will you see more money with the new tax reform bill?

By | January 8th, 2018|Categories: Accounting, CPAs and CFOs, Financial Investments, Small Business, Tax Information|Tags: , , , , , , , |

On the Friday before Christmas, President Trump signed the new tax reform bill into law. The Tax Cuts and Jobs Act will take effect January 1, 2018, but when will most taxpayers see the effects? When will they see more money in their wallets?   How much will the new Tax Cuts and Jobs Act save Read more

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Individual & Business Tax Changes 2018

By | December 28th, 2017|Categories: Small Business, Tax Information|Tags: , , , , , , , |

Generally, the provisions in the Tax Cuts and Jobs Act (TCJA) take effect on January 1, 2018. Most of the provisions affecting individuals are temporary and “sunset” after 2025, while the majority of business provisions are permanent. Following is a rundown on some of the key changes. Most individual taxpayers will not see the changes until Read more

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Dislocated Worker Grants For Floridan’s Displaced By Hurricane Irma

By | October 23rd, 2017|Categories: Uncategorized|

In the wake of Hurricane Irma, the federal government has awarded the state of Florida Dislocated Worker Grants aimed at providing temporary employment for citizens.  As a result, the Dislocated Worker Grants, will be administered by the Florida Department of Economic Opportunity. The grants will provide disaster relief employment in the form of temporary jobs that Read more

IRS Disaster Relief for Florida Citizens Affected By Hurricane Irma

By | October 17th, 2017|Categories: Uncategorized|Tags: |

This hurricane season has hit hard, leaving entire states and countries in need of disaster relief. If you’re struggling to repair and rebuild after Hurricane Irma, it will help you to know that the IRS is offering disaster tax relief for Florida citizens affected by Hurricane Irma. Who is eligible for IRS disaster relief? The IRS Read more

Attorney Bookkeeping Procrastination Cost

By | September 11th, 2017|Categories: Accounting, Bookkeeping|Tags: , , , , , |

How Much Is Putting It off Really Costing Your Legal Practice? How important is attorney bookkeeping to your practice?  You’re an attorney managing your own law practice. You more than anybody know that the details matter. Your cases sometimes hinge on the smallest of particulars—details that to someone in a different profession might not seem so significant.   You also know the struggle of keeping your Read more