Tax Savings in St Petersburg Florida

Last-Minute Tax Savings: Hurry Before Time Runs Out

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Another tax year is drawing to a close. But there’s still time for individual taxpayers to trim their tax liabilities for 2015 and beyond, before the New Year begins. Here are 10 eleventh-hour tax savings moves that you can still make before the clock strikes midnight on...
Thanksgiving in St Petersburg Florida

Happy Thanksgiving!

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Heartfelt Wishes of Joy and Happiness on this Thanksgiving Day!  
Overtime Pay in St Petersburg Florida

Plan Ahead for Changes to Overtime Pay Rules

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It’s been about five months since the Department of Labor’s (DOL’s) Wage and Hour Division issued its proposed update on overtime rules. Specifically, the agency has suggested revisions to the definition of which employees are exempt from overtime pay...
SUV in St Petersburg Florida

Could Buying a Heavy SUV, Pickup or Van Help Save Taxes?

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Buying a gas-guzzling SUV, pickup or van may be frowned upon for environmental reasons. But these vehicles can be useful if your business needs to haul people, materials, inventory or equipment around. They also offer major tax advantages for businesses when they’re...
Reduce Taxes in St Petersburg Florida

Reduce taxes on your investments with these year-end strategies

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While tax consequences should never drive investment decisions, it’s critical that they be considered — especially by higher-income taxpayers, who may be facing the 39.6% short-term capital gains rate, the 20% long-term capital gains rate and the 3.8% net investment income tax...
FSA in St Petersburg Florida

Before Year-End, Get The Most Out of Your FSA

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If you have money set aside in a Flexible Spending Account (FSA), you know it’s a great tax saving vehicle. Not only are your FSA contributions not taxed, but you don’t have to wait until you have enough money in the account for a planned medical expense, such as...
Your IRA in St Petersburg Florida

Before December 31st, Think About Your IRA

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Is converting a traditional IRA to a Roth IRA a good idea for you? At first glance, a Roth IRA may not seem worthwhile. You cannot deduct Roth IRA contributions in the current year, while you can make tax-deductible contributions to a traditional IRA if you meet the income...
Wellness in St Petersburg Florida

Boosting Employee Wellness is Achievable, but not Easy

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There’s “good news” for businesses, say the authors of “From Evidence to Practice: Workplace Wellness that Works,” an analysis by Johns Hopkins University. Academic studies show that “when done right, workplace health promotion and disease...
Charitable Contributions in St Petersburg Florida

What You Need to Know Before Making Year-End Charitable Contributions

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It’s a critical time of year for the not-for-profit sector. Historically, a significant amount of charitable donations occur in the last weeks, days and even hours of the year. In fact, many charities are using “Giving Tuesday” on December 1, 2015, as a catchy...
Deductible in St Petersburg Florida

Protect your deduction: Verify that a charity is eligible to receive tax-deductible contributions before you donate

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Donations to qualified charities are generally fully deductible, and they may be the easiest deductible expense to time to your tax advantage. After all, you control exactly when and how much you give. But before you donate, it’s critical to make sure the charity you’re...