If you are interested in a business pre-tax retirement plan, then contact our office for a consultation soon! There are deadlines approaching soon on setting up certain small business retirement plans for 2022. Our tax accountants are available to discuss your different tax benefits and...
The IRS has increased the business vehicle mileage deduction rate from $.585/mile to $.625/mile effective July 1, 2022. This is a 6.4% increase. Those clients that take the mileage method to expense the business use of their personal vehicle, and use a mileage log to...
Upcoming important tax filing deadlines: S Corporate extended tax return (Form 1120S) deadline: September 15 3Q Form 1040 ES – Third quarter individual income tax estimated voucher for 2022: September 15 Individual extended tax return (Form 1040) deadline: October 15 ...
Get ready for many more of these tax reporting forms coming to your business soon! What should you do?  Prior to calendar year 2022 the threshold for a reporting agency to remit Form 1099-K to the seller and the IRS was either $20,000 or more per...
If we are preparing your 2021 1040 individual income tax return, please make sure that we receive any new IRS letters that you may be receiving. If you received the Advance Child Tax Credit in 2021 you will be receiving the IRS Letter 6419. If...
Many electronically filed tax returns will have refunds delayed up to 21 days this tax season. Tax returns that are mailed in to the IRS (NOT electronically filed) may be delayed for many months this tax season. The IRS is still processing tax returns and...
WE ARE READY THIS TAX SEASON: Our team of tax professionals are ready this tax season to take great care of our valued clients -- this means YOU! This year brings even more tax changes, credits and deductions for our team of tax professionals to...
Todd Unbehagen recently spoke on the topic of “The Increasing Minimum Wage and Florida Businesses” for the St. Petersburg College Institute for Strategic Policy Solutions and the Tarpon Springs Chamber of Commerce. He shared his professional views on this with other local business owners and...
DON'T BE SURPRISED! THE ADVANCE CHILD TAX CREDIT WILL CAUSE MANY TAX SURPRISES NEXT YEAR AND 35 MILLION TAX REFUNDS HAVE NOT BEEN PAID BY THE IRS YET Over 36 million families will have some extra money in their bank accounts starting this month, as the first...
Under the American Rescue Plan Act of 2021, eligible restaurants, food trucks, and similar businesses may receive restaurant revitalization funding from the Small Business Administration. Registration will begin on April 30th at 9 a.m. EDT, and the SBA will begin accepting applications via the application portal (see link...
