Hobby in St Petersburg Florida

Run a business “on the side”? Make sure it’s no hobby

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If you run a business “on the side” and derive most of your income from another source (whether from another business you own, employment or investments), you may face a peculiar risk: Under certain circumstances, this on-the-side business might not be a business at all in the...
Website in St Petersburg Florida

How to Create an Effective Small Business Website

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National Small Business Week runs from May 1 through May 8. More than half of Americans either own or work for a small business, and these entities create about two out of every three jobs in the United States each year, according to the U.S. Small Business Administration....
EEOC in St Petersburg Florida

EEOC Takes Aim at Gender-Based Pay Discrimination

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When the Equal Employment Opportunity Commission (EEOC) settles a case involving gender-based pay discrimination, they routinely publicize the results. A recent case highlighted by the EEOC (EEOC v. Gilbert Foods, a food service distributor) was brought by a seasoned female...
Tax Planning in St Petersburg Florida

Why it’s time to start tax planning for 2016

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Now that the April 18 income tax filing deadline has passed, it may be tempting to set aside any thought of taxes until year end is approaching. But don’t succumb. For maximum tax savings, now is the time to start tax planning for 2016. More opportunities A tremendous number of...
Business Manager in St Petersburg Florida

Why your firm may need a business manager

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Increasing client pricing pressure, new competition from nontraditional providers and soft demand for litigation services: These are just a few of the many challenges today’s law firms must contend with. Yet many firms are doing little to adapt to — let alone anticipate — what...
Ban-the-Box in St Petersburg Florida

Is Your Business Subject to a “Ban-the-Box” Law?

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Roughly half the U.S. population lives in areas where government entities must incorporate “ban-the-box” policies into their hiring practices. The “box” refers to the empty square on a job application next to the question that begins, “Have you ever...
Chip Cards in St Petersburg Florida

Are You Using Chip Cards Yet?

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The major U.S. card companies — including Visa, MasterCard, Discover and American Express — voluntarily imposed a shift of liability for counterfeit “card present” transactions that went into effect for most merchants on October 1, 2015. (Gas stations with automated...
Throw Out in St Petersburg Florida

Too Much Paperwork? What You Can Throw Out After Filing

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Maybe it’s a good thing that the April 15th federal tax deadline coincides with the urge to spring clean. It feels good to throw out some of the financial records stuffing your filing cabinets. But before you head for the dumpster, make sure you’re not disposing of...
Tax Records in St Petersburg Florida

What 2015 tax records can you toss once you’ve filed your return?

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The short answer is: none. You need to hold on to all of your 2015 tax records for now. But this is a great time to take a look at your records for previous tax years and determine what you can purge. The 3-year rule At minimum, keep tax records for as long as the IRS has the...
Reasonable Compensation in St Petersburg Florida

It’s only reasonable – 5 factors to help determine reasonable compensation

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The question of reasonable compensation is frequently debated in shareholder disputes, divorces and IRS audits. Owners’ compensation is a discretionary expense that controlling owners can alter. It can vary significantly from company to company depending on many factors,...