Fredrick James is Honored as a 2014 USF Fast 56 Award Recipient

Fredrick James is Honored as a 2014 USF Fast 56 Award Recipient

Apr 17, 2014 in Business Tax

The University of South Florida (USF) Alumni Association honored the 2014 USF Fast 56 – the fastest growing USF alumni owned or led businesses in the world – at a celebration held Friday, April 11, in the Marshall Student Center Ballroom at USF Tampa.
Fredrick James led by [...]

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5 Tax-Savers for Your Small Business

5 Tax-Savers for Your Small Business

Nov 15, 2013 in Business Know How, Business Tax, IRS
The tax law changes in 2013 for small business owners aren’t as monumental as those for individual taxpayers
Alert: There are still plenty of tax-saving opportunities for businesses at the end of the year. In fact, you might take advantage of several generous provisions included in the [...]

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2012 Unemployment Tax Increases Affect Florida Businesses

2012 Unemployment Tax Increases Affect Florida Businesses

For 2012 Florida businesses will see tax increases over 2011 in three distinct areas. This is all related to the poor economy and high unemployment of the past few years. Simply stated, the state of Florida’s Unemployment Compensation (UC) Trust Fund is in debt to the Federal Government, and i [...]

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Extended Payroll Tax Cut Could Benefit Small Business Owners

Extended Payroll Tax Cut Could Benefit Small Business Owners

We’ve discovered some good news for the savvy small business owner. The IRS has extended a 2011 payroll tax cut through the end of February 2012. This tax cut is a 2% reduction in Social Security tax from 6.2% o 4.2%. (which they assure us will have no effect on our Social Security benefits in [...]

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1099-K, Merchant Account Payments and You

1099-K, Merchant Account Payments and You

What is a 1099-K and why am I receiving it?
The 1099-K is a new form for 2011 for reporting payments to the IRS that are received by a person or a business from a Merchant (Visa, Mastercard, American Express, Discover) and/or a Third Party Network, (PayPal, Google Checkout, etc.) when the tota [...]

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Unemployment Tax changes affect Florida Businesses

Unemployment Tax changes affect Florida Businesses

The condition of the US economy over the past few years has left Florida (and 19 other states*) in debt to the Federal Unemployment Insurance system. Florida’s Unemployment Insurance debt is on the order of $2 Billion dollars! The grace period for repayment of these funds has passed, and the Feder [...]

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Ignorance Is Not Bliss: What Tax Records Businesses Need to Keep

Ignorance Is Not Bliss: What Tax Records Businesses Need to Keep

The American Dream Doesn't Include Worrying About Tax Documentation
Last week we went over the individual tax payer’s record keeping requirements, this week I want to discuss what business owners should be holding onto and for how long.
Obviously businesses have a more extensive li [...]

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Small Business to be Hit Hard by New SECA Rules

Small Business to be Hit Hard by New SECA Rules

IRS closing S-Corp Tax Loop Holes
As a trusted tax advisor I am in the position of researching new proposed tax laws and passing that information on to my clients. Sometimes a new bill comes along that I feel is important for my clients and readers to get a heads up on due to the major tax imp [...]

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