Personal Tax Return in St Petersburg Florida

Last-Minute Personal Tax Return Filing Reminders

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Have you filed you 2014 tax return (or an extension) yet? The due date for filing your personal tax return (or an extension) is Wednesday, April 15. Small business owners, self-employed individuals and anyone who owes the IRS money may wait until the last minute to file. But...
Paper Return in St Petersburg Florida

Still filing a paper return? Be sure you understand the “timely mailed = timely filed” rule

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The IRS considers a paper return that’s due April 15 to be timely filed if it’s postmarked by midnight on April 15. But dropping your return in a mailbox on the 15th may not be sufficient. For example, let’s say you mail your return with a payment on April 15, but the envelope...
Business Valuation in St Petersburg Florida

External Factors in a Business Valuation

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Do you know what your business is worth right now? Practically speaking, it is worth what the highest bidder is willing to pay for it — no more or no less. Nevertheless, by taking all the relevant factors into account, you can position yourself for the best possible deal....
Cadillac Tax in St Petersburg Florida

IRS Sends Signals of Future Fine Print on the ACA Cadillac Tax

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You might scratch your head and wonder why a law that is intended to improve the quality of health care for U.S. citizens would penalize employers that are trying to do their part. The reason is simple: Since the value of health benefits is not taxable to employees, the more...
Moving Expenses in St Petersburg Florida

Can You Deduct Job-Related Moving Expenses?

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As the weather and economy continue to warm up, employers around the country may be looking to hire more workers, including some already employed at high-paying jobs. If you go to work for a new firm — or your current employer transfers you to a different branch — you...
Personal Information in St Petersburg Florida

Safeguard Your Personal Information Against Online Surveillance

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The Internet has revolutionized our lives. It facilitates financial transactions and the transmission of information. But with opportunities come risks. If you feel like you’ve lost control of your “digital dossier,” you’re not alone. There are weekly news...
IRA contributions in St Petersburg Florida

Yes, there’s still time to make 2014 IRA contributions!

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The deadline for 2014 IRA contributions is April 15, 2015. The limit for total contributions to all IRAs generally is $5,500 ($6,500 if you were age 50 or older on Dec. 31, 2014). If you haven’t already maxed out your 2014 limit, consider making one of these types of...
National Taxpayer Advocate in St Petersburg Florida

National Taxpayer Advocate delivers annual report to Congress

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National Taxpayer Advocate Nina E. Olson recently released her 2014 annual report to Congress, which expresses concern that taxpayers this year are likely to receive the worst levels of taxpayer service since at least 2001, when the IRS implemented its current performance...
Vaccination in St Petersburg Florida

Can You Require Employee Vaccination?

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First, a reminder of a strong justification for requiring, for example, a flu vaccination policy. According to the Johns Hopkins medical organization, around 226,000 people are hospitalized annually with the flu and 16 percent — 36,000 of them — die from it....
WHD in St Petersburg Florida

Be Alert for these Federal Labor Law Enforcement Hot Buttons (WHD)

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In its budget request to Congress seeking a 22 percent increase in funds, the Department of Labor’s Wage & Hour division (WHD) stated that it wants to expand its enforcement activities in so-called “fissured industries”. These are industries that use a lot...