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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Hurricane Irma Tax Relief: IRS Gives Tax Relief to Victims

By | September 12th, 2017|Categories: Small Business, Tax Information|Tags: |

IRS Announced That They Will Provide Hurricane Irma Tax Relief to Victims Hurricane Irma Tax Relief:  The IRS has announced relief for Hurricane Irma victims in parts of Florida.  While additional relief is planned, the immediate commitment is an extension of certain individual and business tax returns as well as certain tax payments until January 31, Read more

Tax Implications Of The American Health Care Act (AHCA)

By | May 5th, 2017|Categories: Accounting, Financial Investments, Tax Information|Tags: , , |

The following are a few of the changes that would result if the American Health Care Act passes in the Senate: Ends the tax penalty against people without coverage. Ends the Medicaid expansion funding. Changes Medicaid from an open-ended program to one that gives states fixed amounts of money per person. Replaces the ACA's cost sharing Read more

Coral Gables Small Businesses: An Essential Tax Planning Checklist

By | April 21st, 2017|Categories: Tax Information|Tags: , , , |

Finding the right information for filing your Coral Gables small businesses' taxes can be a real struggle. The April deadline to file last year’s taxes has passed, but it’s never too early to start preparing for next year. To make things easier for you, we’ve compiled a checklist of helpful actions you can take to get Read more

Coral Gables Personal and Small Business Taxes with a Human Touch

By | March 23rd, 2017|Categories: Tax Information|Tags: , , , , , , , |

You’ve probably seen some advertisements lately about getting your taxes filled out and filed in minutes, either online or at the nearest big-chain tax preparation service location in the Coral Gables area. If you’ve ever used one of these services, you know one thing—it’s all true. You can log on or walk in and usually be Read more

2017 Tax Forms: Changes to Forms 1099 and W-2

By | February 3rd, 2017|Categories: Tax Information|Tags: , , , , , |

Have you filed your 1099-MISC forms yet? In the past, small businesses were not too hard-pressed to provide their employees and contractors with the appropriate tax forms in a timely manner. This is no longer the case. Increased penalties and accelerated deadlines for 2017 should be cause for concern for businesses. Especially those that have relied Read more

5 Financial Resolutions for Your Small Business in 2017

By | January 7th, 2017|Categories: Tax Information|Tags: , , , , , , |

As a Coral Gables small business owner, you should know that without goals to guide you, nothing gets accomplished. Though New Year’s has passed, you can still make financial resolutions for your small business. They'll allow you to evaluate where your business is at and where it needs to go in the coming calendar year. Whether you’re Read more

End of 2016 Important Tax Info

By | December 30th, 2016|Categories: Tax Information|Tags: |

2016 Year End Tax Info Please refer to the video below for important end of year tax info. This will help you to prepare for your 2016 tax filing so that you can avoid making any mistakes. You don't want to get left behind this year, so it's important to stay on top of any changes Read more