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Profit Generating Ideas Reduce the amount of discounts you give. Depending on profit margins, you may have to generate $15 of sales to recover $1 of discounts. Implement better inventory control. Inventory isn’t an asset. It’s a liability. You can’t stop the...

Over the last three decades, 52 U.S. companies have established a tax domicile abroad (these transactions are also known as corporate inversions, redomiciling or expatriation). Although corporate inversions are not new, they are more common than in the past. Since 2008, 22...

Surveys repeatedly show that many Americans are not saving enough for retirement. That’s a shame. Not only are they risking a financially-insecure future, they are overpaying their taxes. Don’t let this happen to you. Here are some facts you should know: You are...

If you’re a “large” employer, time is running out to prepare for the Affordable Care Act’s (ACA’s) shared responsibility provision, commonly referred to as “play-or-pay.” It’s scheduled to go into effect in 2015. Under transitional relief the IRS issued earlier this year, for...

Never Forget 9.11.2001

While no anti-fraud system is infallible, there are steps that can reduce the risk of fraud in your organization. For example:  Set up “hotlines” and incident reporting systems.  Hire and promote trustworthy people. Do background checks before hiring, and implement...

Phone scams aren’t new, but they are getting bolder and more sophisticated. Many people rejoiced when caller ID was introduced because it became easier to avoid unwanted calls. But it was only a matter of time until thieves developed ways to use caller ID like a Trojan...

Businesses often prefer to treat workers as independent contractors to lower their costs and administrative burdens. But the IRS, the U.S. Department of Labor, various state agencies or even the employees themselves may challenge an employer’s classification. The U.S. Tax...

If you are self-employed or retired, you don’t have tax withheld from a paycheck. So you need to “pay as you go” by sending estimated tax payments to the government on a quarterly basis. The federal due dates are April 15, June 15, September 15, and January 15....

We’re excited to announce that we’ve joined the Plant City Chamber of Commerce. This will help us get more involved in the Plant City community and build stronger relationships with our growing list of clients in the area. Above, you can see Sharon Burnetti, our Tax Manager, and...