Hiring Independent Contractors in Tampa, Florida

Hiring Independent Contractors?

Some companies work with independent contractors to save time, money and headaches. However, there are considerable accounting and tax implications if you make the wrong choice regarding a worker’s status. If you decide to hire an independent contractor and the IRS later...
Considering a Business Acquisition in Tampa, Florida?

Considering a Business Acquisition?

You wouldn’t perform a surgery on yourself. The same holds true when buying a business. Unless you’re well-versed in performing a comprehensive financial analysis of a business, it doesn’t make sense to buy one without using a due diligence and valuation...
New FCC Text-to-911 Rules: Obstacles and Reminders in Tampa, Florida

New FCC Text-to-911 Rules: Obstacles and Reminders

Imagine an intruder enters your home. You hide in the closet. Fortunately, your cell phone is in your pocket. Calling 911 might alert the intruder to your whereabouts before help arrives, but texting 911 could save the day — if it’s available in your area and enabled...
Can You Squeeze in a Home Office Deduction in Tampa, Florida

Can You Squeeze in a Home Office Deduction?

Normally, a taxpayer may qualify for home office deductions when he or she uses a separate room or clearly divisible space strictly for business purposes. But what if your place is so small that you can’t avoid at least some minimal personal use? That was the situation in a...
Self-Insuring Health Benefits: ACA Changes the Equation in Tampa, Florida

Self-Insuring Health Benefits: ACA Changes the Equation

Large employers have self-insured their health benefits for decades. In fact, 93 percent of employers with at least 5,000 employees were self-insured in 2012, according to a Kaiser Foundation survey. Compare this with just 15 percent of self-insured employers having fewer than...
When Same-Sex Spouse Premiums Are Wrongly Included on a W-2 in Tampa, Florida

When Same-Sex Spouse Premiums Are Wrongly Included on a W-2

The IRS has provided guidance on how employees should treat amounts wrongfully included in their W-2 income for the premiums their employers paid for their same-sex spouses’ health insurance. In IRS Information Letter 2014-0012, the tax agency advises employees to request a...
What to Consider Before Jumping On the Hiring Bandwagon in Tampa, Florida

What to Consider Before Jumping on the Hiring Bandwagon

The U.S. Department of Labor has released its early jobs report. The findings: Unemployment has fallen to 6.1 percent — its lowest level since September 2008. In addition, about 288,000 new domestic jobs were added in June. These statistics exceed economists’...
Grandchild In College This Fall Paying Tuition Could Save Gift and Estate Taxes in Tampa, Florida

Grandchild in College this Fall? Paying Tuition Could Save Gift and Estate Taxes

Now’s the time of year when many young adults are about to head back to college — or to enter their first year of higher education. If you have a grandchild who’ll be in college this fall and you’re concerned about gift and estate taxes, you may want to consider paying some of...
Pregnancy Discrimination is Alive and Well in the American Workplace in Tampa, Florida

Pregnancy Discrimination is Alive and Well in the American Workplace

Employment discrimination related to pregnancy has been illegal for decades, since the passage of the Pregnancy Discrimination Act (PDA) back in 1978. The law, which was an amendment to the 1964 federal Civil Rights Act,prohibits businesses from making employment decisions based...
Retirement Planning: Foresee to Provide for the Future in Tampa, Florida

Retirement Planning: Foresee to Provide for the Future

In a well-known Aesop’s Fable, ants stockpile food during the summer bounty, while the grasshopper sings and plays. When winter sets in, the grasshopper starves. The moral of the story is to work hard and plan ahead. In modern times, this lesson can be applied to retirement...
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