Tax time is often stressful and you want to take all of the deductions to which you are entitled. Many of these are connected to work. For example, if you use your car for work, gas, oil, and mileage can be deducted. People who work from home and have a room dedicated as an office [...]
Accounting is an integral element of any business whether it is small or large. You need to know what your company’s financial health is at all times to make informed decisions at every level of the organization. This is essential for a multitude of reasons. Here are the main questions to ask yourself to get [...]
Congratulations on forming your new business! You've selected a memorable name, catchy tagline, business cards, and website. You may be operating everything from your personal banking and credit accounts, but that may not be the best idea. Consider why you are often better off separating your business and personal accounts. Tax Concerns and Legal Issues [...]
Businesses need to organize their financial information accurately and efficiently, so their choice of accounting software is important. QuickBooks is one of the most popular programs for companies across all industries to manage their finances because it offers users several key benefits. Here are seven ways that using QuickBooks could help your business. 1. Save [...]
As a Florida business owner, you want to offer the best products and services to your customers and clients. Your primary goal, however, is to make a profit. After all, you can’t remain in business if you don’t have sufficient resources to do so. Financial budgeting and forecasting can help you achieve your goals, but [...]
Saving for the future is challenging for most people. In fact, as many as two thirds of Americans report that they are actively spending their savings. Now more than ever, it is important to be conscientious about keeping your expenses proportional to your income and saving responsibly. Here are ten things that you can do [...]
The IRS’s turnaround time for processing taxes has become much quicker over the years, with many taxpayers receiving their refunds within three weeks. While most tax returns are processed in the first few weeks after they have been filed, there are several reasons a refund might be delayed. 1. The Tax Return Was Incomplete One [...]
April 15 is traditionally known as Tax Day, but many people don't manage to submit their forms by then. If you found yourself procrastinating beyond that date and still have not filed a tax return or extension request, don't despair. Here is what you should know about filing your taxes beyond the deadline. Special Deadline [...]
Having your Form W-2 is an essential part of being able to file taxes. That’s why every employer who you worked for over the previous tax year is required to send you a W-2 by January 31st. Those still waiting for their W-2s may be feeling anxious, but there are steps you can take to [...]
Tax preparation is one of the most important financial actions a person or business completes. Errors in taxes can result in you having to file amended returns, cost you money or even see you accused of tax fraud. CPAs or Certified Public Accountants are powerful professional resources that can help ensure your business and personal [...]
