Nonprofits in St Petersburg Florida

Why nonprofits need audits — even when they aren’t required

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Depending on your organization’s annual gross receipts and other factors, you may be required to hire an outside CPA to audit your books. Even when external audits aren’t mandated, however, they often are recommended. These audits can provide assurance that your organization is...
Pregnancy Discrimination in St Petersburg Florida

Avoid Giving Birth to a Pregnancy Discrimination Charge

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Discriminating against pregnant women with respect to employment is illegal. This includes any aspect of the employment relationship — including hiring, firing, pay, job assignments, promotions, layoff, training, employee benefits, and any other term or condition of employment....
Back-to-School in St Petersburg Florida

Back-to-School Tips for Grownups

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August is back-to-school time across the country. Whether the school buses are already disrupting your commute to work — or will be soon — the start of the school year brings opportunities for savvy business owners.   Here are some insights into this market segment and...
Tax-Smart Giving in St Petersburg Florida

3 strategies for tax-smart giving

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Giving away assets during your life will help reduce the size of your taxable estate, which is beneficial if you have a large estate that could be subject to estate taxes. For 2016, the lifetime gift and estate tax exemption is $5.45 million (twice that for married couples with...
Tax Platforms in St Petersburg Florida

Compare and Contrast the Republican and Democratic Tax Platforms

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With both major political party conventions finally behind us, it’s time to focus on the upcoming national election. Among their many differences, the Republicans and Democrats have widely divergent tax platforms. While platforms are always relatively nonspecific and not...
Pokémon Go in St Petersburg Florida

Pokémon Go: It’s Not Just for Kids Anymore

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Have you heard of Pokémon Go? It’s a popular smartphone video game that uses Google Maps technology. The augmented reality game pinpoints locations of virtual Pokémon and “PokéStops” in the real world on a map shown on a player’s phone. But it’s more...
Gambling in St Petersburg Florida

Don’t roll the dice with your taxes if you’re gambling this year

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For anyone who takes a spin at roulette, cries out “Bingo!” or engages in other wagering activities, it’s important to be familiar with the applicable tax rules. Otherwise, you could be putting yourself at risk for interest or penalties — or missing out on tax-saving...
Itemized Deductions in St Petersburg Florida

Heads up! Itemized deductions may be ahead

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Year end may seem far away. But now’s a good time to start looking ahead to what itemized deductions you may be able to claim for the 2016 tax year. Following is a list of selected deduction and exclusion items to consider. Don’t use the list as a tax planning worksheet. Rather,...