Timing in St Petersburg Florida

Save tax — or at least defer it — by carefully timing business income and expenses

The first step to smart timing is to project your business’s income and expenses for 2015 and 2016. With this information in hand, you can determine the best year-end timing strategy for your business. If you expect to be in the same or lower tax bracket in 2016, consider:...
Monitoring in St Petersburg Florida

Court: No Pay for Employees Monitoring Electronic Devices during Lunch

A federal district court recently sided with an employer in a dispute regarding whether employees had to be compensated for on-call time, activities before and after their shifts, and work during lunch breaks. Facts of the Case In Brand v. Comcast Corp., a cable, entertainment...
Boomerang Employees in St Petersburg Florida

Boomerang Employees Making a Comeback: Good Idea?

Employees who leave a company of their own volition and later ask to be rehired are sometimes called “boomerangs.” Naturally, very few workers who leave because of their own poor performance — whether they’re fired or quit — reapply with the same company. But...
Social Security Benefits in St Petersburg Florida

News on Social Security Benefits: Read All About It

The Social Security Administration (SSA) recently announced some important news. Rumors about a benefits freeze had surfaced in the summer. Finally, on October 15, the SSA formally announced that the consumer price index it uses to gauge inflation wasn’t high enough to...
Small Businesses in St Petersburg Florida

2015 Year-End Tax Planning Tips for Small Businesses

Virtually all small business owners are frustrated with our current tax system. In fact, five out of today’s Top 10 small business concerns relate to state and federal tax issues, according to the Small Business Problems and Priorities survey released by the National...
Refinancing in St Petersburg Florida

2 tax consequences to consider if you’re refinancing a home

Now may be a great time to refinance, because mortgage rates are still low but expected to increase. Before deciding to refinance, however, here are a couple of tax consequences to consider: 1. Cash-out refinancing. If you borrow more than you need to cover your outstanding...
Retirement Plan in St Petersburg Florida

For Sound Benefits Administration, Formalize Your Retirement Plan Policies

An “investment policy statement” (IPS) isn’t explicitly required by federal law. However, ERISA — the statute governing retirement plans — does anticipate that plan fiduciaries will have a specific policy in mind. In other words, it’s assumed that...
Home Health Care in St Petersburg Florida

Home Health Care Workers: Wage Protection Becomes Effective Oct. 13

The U.S. Supreme Court denied an emergency request that was made by a group of home care agencies to delay the effective date of a federal rule that extends wage and overtime protections to home health care workers employed by home care agencies and other third parties. This...
Cybersecurity in St Petersburg Florida

Cybersecurity Awareness Month: Protect Your Most Valuable and Vulnerable Assets

Our world is more interconnected than ever before. The Internet has become an integral part of everyone’s business and personal lives. But along with Web-based opportunities come risks of breaches and associated losses. The U.S. Department of Homeland Security has launched...
Individuals in St Petersburg Florida

2015 Year-End Tax Planning Tips for Individuals

As 2015 winds down, it’s a good idea to budget for your 2015 personal income tax bill, in the event that you’ll owe the IRS money. Taxpayers who review their situations before year end have many more tax-reduction strategies at their disposal than those who wait until...