Corporate annual meetings are important in Tampa, Florida

Corporate annual meetings are important

Generally, one of the requirements for maintaining a corporation’s existence (and the liability protection that it affords) is that the shareholders and Board of Directors must meet at least annually. Although most people view this requirement as a necessary evil, it doesn’t have...
Buying a business vehicle before year end may reduce your 2014 tax bills in Tampa, Florida

Buying a business vehicle before year end may reduce your 2014 tax bill

If you’re looking to reduce your 2014 tax bill, you may want to consider purchasing a business vehicle before year end. Business-related purchases of new or used vehicles may be eligible for Section 179 expensing, which allows you to expense, rather than depreciate over a period...

Thanksgiving Greetings!

Wishing you and your family a wonderful day!

Getting Ahead of Holiday Spending

As the holidays approach, the shopping season is also just a few short weeks away. If you’re gearing up for Black Friday and Cyber Monday, make sure you create a realistic budget for gift-giving first. Think twice about your spending habits and plan your shopping, then do...
2015 HSA Amounts in Tampa, Florida

2015 HSA amounts

Health Savings Accounts (HSAs) were created as a tax-favored framework to provide health care benefits mainly for small business owners, the self-employed, and employees of small to medium-size companies who do not have access to health insurance. The tax benefits of HSAs are...

Year-End Marital Status and Taxes: Timing Is Everything

As if the process of getting married (or divorced) isn’t difficult enough, couples also need to take income tax considerations into account before tying (or untying) the knot. That’s particularly true for those who plan a change in marital status late this year or...
Simple tax savings techniques for security gains in Tampa, Florida

Simple tax savings techniques for security gains

The market swings over the last several years may have you wondering whether it’s time to capitalize on some market gains. While taxes should not be the main consideration in this decision, they certainly need to be considered, as they can make a significant impact on your...
Accelerating deductions to save taxes in Tampa, Florida

Accelerating deductions to save taxes

Smart timing of deductible expenses can reduce your tax liability, and poor timing can unnecessarily increase it. When you don’t expect to be subject to the alternative minimum tax (AMT) in the current year, accelerating deductible expenses into the current year typically is a...
Unneeded life insurance policies could be a significant source of cash in Tampa, Florida

Unneeded life insurance policies could be a significant source of cash

Besides providing loved ones with a source of funds for income replacement in the event of an untimely death of the family’s breadwinner(s), people buy life insurance for a variety of reasons: To fund a buy-sell agreement or key person insurance for a business. To satisfy a...

IRS Issues Clarification of Once-a-Year IRA Rollover Limit

There have been several twists and turns this year relating to the “once-a-year rule” for IRA rollovers. In the latest move, the IRS has provided additional guidance in the wake of a controversial U.S. Tax Court decision applying the rule to all IRAs owned by an...