Want to reduce taxable income and the dough you have to fork over to the IRS? You may not have considered some work expenses — uniforms, for example — that fall under the category of miscellaneous deductions. So here's the deal: Itemize deductions rather than take the standard deduc [...]
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 [...]
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 [...]
For most taxpayers, year-end tax planning usually means accelerating deductions into the current year while postponing taxable income to the next year. And then you do the same thing the following year.
Alert: This conventional strategy may still work for you, but it’s not so cut-and-dr [...]
As the Fiscal Cliff debate ends and new laws are passed, the IRS warns taxpayers of the inevitable delays in the 2012 tax season. The IRS stated on its website in early January 2013 that it will not accept any individual returns until January 30, 2013 and have released a statement on Januar [...]
Now that the 2012 Presidential Election is over, you’ve surely heard the next big news: “The Fiscal Cliff”. What the heck is a Fiscal Cliff? It’s a pet name that our Federal Reserve chairman, Ben Bernanke, came up with to describe a set of circumstances that are due to occur [...]
The IRS published a bulletin this week warning us all to not fall victim to fake “phishing” emails claiming to be from the IRS and requesting personal information. But, like most announcements of this nature, they didn’t go far enough into explaining how to identify these fake emai [...]
Big tax changes are on the horizon, do you know what to expect? Whether our new president is Republican or Democratic, there WILL be changes, and your tax liability WILL increase for the 2012 tax year. But, how much?
We try to keep our blog articles informative, not too & [...]
We all heard or heard about Bill Clinton’s speech at the 2012 Democratic National Convention and his powerful statement that ARITHMETIC is what we need to use to balance the budget and combat the national debt. Once again, being accountants, we were intrigued by this notion! We know how to do [...]
What if you managed your personal, family or business budget the same way that the Federal Government does?
You may have heard of this analogy before. Being in the accounting business, we find it to be a fascinating idea! By scaling down the finances of the Federal Government to the level of t [...]
The Secrets Behind 'Miscellaneous Deductions' Dec 10th 2017 12:00am
Want to reduce taxable income and the dough you have to fork over to the IRS? You may not have considered some work expenses — uniforms, for example — that fall under the category of miscellaneous deductions. So here's the deal: Itemize deductions rather than take the s...