Identity Theft in St Petersburg Florida

File early to avoid tax identity theft

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If you’re like many Americans, you may not start thinking about filing your tax return until the April 15 deadline (this year, April 18) is just a few weeks — or perhaps even just a few days — away. But there’s another date you should keep in mind: January 19. That’s the date the...
Research Credit in St Petersburg Florida

The New-and-Improved Research Credit Is Now Permanent

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The research credit is back — this time for good — and it’s better than ever for some small companies. The Protecting Americans from Tax Hikes (PATH) Act of 2015, signed into law by the president on December 18, does much more than extend this credit. Under the PATH Act,...
Mileage Rates in St Petersburg Florida

The Deductible 2016 Mileage Rates for Business and Other Purposes

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The IRS issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Background: If you use a vehicle for business driving, you can generally deduct the actual expenses...
Overtime in St Petersburg Florida

Do After-Hours Communications Qualify for Overtime Pay?

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Back in 2010, police officers working for the Chicago Police Department’s (CPD) Bureau of Organized Crime sued their employer, eventually earning class-action status for the case (Allen v. City of Chicago). The officers maintain that, while off duty, the CPD required them...
Elections in St Petersburg Florida

10 Elections That Can Save Money on Your 2015 Federal Taxes

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This year’s presidential election has drawn significant attention, but the elections you make on your 2015 personal tax return can be just as important to your financial welfare. Here’s a list of 10 potential elections for individuals (including self-employed...
Stock in St Petersburg Florida

Why investing in small-business stock may make more tax sense than ever

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By purchasing stock in certain small businesses, you can not only diversify your portfolio but also enjoy preferential tax treatment. And under a provision of the tax extenders act signed into law this past December (the PATH Act), such stock is now even more attractive from a...
Married in St Petersburg Florida

Married filers, the choice is yours

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Some married couples assume they have to file their tax returns jointly. Others may know they have a choice but not want to rock the boat by filing separately. The truth is that there’s no harm in at least considering your options every year. Granted, married taxpayers who file...
Roth IRA in St Petersburg Florida

Reacquainting yourself with the Roth IRA

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If you’ve looked into retirement planning, you’ve probably heard about the Roth IRA. Maybe in the past you decided against one of these arrangements, or perhaps you just decided to sleep on it. Whatever the case may be, now’s a good time to reacquaint yourself with the Roth IRA...
Real Estate in St Petersburg Florida

Why flip real estate when you can exchange it?

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There’s no shortage of television shows addressing real estate these days. Many of these programs emphasize “flipping” properties when an adequate gain has been reached. But, if you’re ready to move one of your investments, you might prefer to exchange it rather than flip it....
Financing in St Petersburg Florida

Hoping to grow your business? Start with the financing

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Let’s say you’ve drafted a strategic growth plan that discusses in detail the new products and markets that you hope will power your company’s future growth. You’ve performed extensive market research and are confident that your offerings will appeal to customers and that you...