Personal Tax: Inherited IRA's (Roth and Traditional) have separate rules and tax consequences. Proper and timely tax planning can help you navigate through your options. Give us a call and let us help. 813.542.3909
Business; S-Corp: Required by the IRS is for every S-Corp to pay Employee-Shareholders a Reasonable Salary (w-2). Let us help you complete your S-Corp reasonable compensation audit. Call 813.542.3909
Personal Tax: Mortgage Interest is still deductible for most. Changes to the limits for purchases or binding contracts after Dec: 15, 2017. Interested in the details? Give use a call: 813.542.3909.
Sales Tax Fun: Tickets to yesterdays Super Bowl were given the customary sales tax exemption. Average ticket price ~$4,380. State & Local Sales Tax is 8.9%. Stadium Capacity ~75,000 with ~1,600 tickets unsold on Saturday. That is over $28.5 million in Sales Tax Forgiveness.
Personal Tax: Happy-Hour was always questionable! Request your employer to establish an Accountable Plan for 2019; non-reimbursed employee expenses are no longer deductible. Legitimate business expenses (some changes) are deductible for the business. Let's Chat: 813.542.3909.
Business Tax/Personal Tax: Jan 31st is often hectic as we meet today's deadline for postmarking those W-2's and 1099's. If you have not yet completed them there are a few last minute options. Give us a call and we can help. 813.542.3909
Personal Tax Tip: You or someone you know have a child that you would like to help ensure has funding for college? Average College Inflation @ 7%. Check out the tax benefits (today and/or future) of an ESA, a 529 Plan, and prepaid state tuition: Let's Chat: 813.542.3909
The IRS said it would generally waive the tax penalty for any taxpayer who paid at least 85 percent (prior was 90%) of their total tax liability last year through federal income tax withholding, quarterly estimated tax payments or a combination of the two. accountingtoday.com/news/irs-to-wa…