Tax Bill in St Petersburg Florida

Tax Day Countdown: Reduce Your Tax Bill with Retirement Accounts

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Tax Day is right around the corner. If your tax bill is higher than you’d like, there may still be an opportunity to lower it. If you qualify, you can make a deductible contribution to a traditional IRA right up until the Wednesday, April 15, 2015, filing date and still...
Gift Tax Return In St Petersburg Florida

Do you need to file a 2014 gift tax return by April 15?

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Generally, you’ll need to file a gift tax return for 2014 if, during the tax year, you made gifts: That exceeded the $14,000-per-recipient gift tax annual exclusion (other than to your U.S. citizen spouse), That you wish to split with your spouse to take advantage of your...
Leadership Transition in St Petersburg Florida

Planning for a smooth leadership transition

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It’s never too early to start thinking about a succession plan. Whether retirement is years away or just around the corner, you want to protect the value of your business by ensuring that any leadership transition will be smooth. Begin exploring the process by considering the...
Children in St Petersburg Florida

Teach your children well

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A financial education is critical to their success Parents are the biggest influence on their children’s financial habits — even more than work experience and classroom instruction — according to the National Endowment for Financial Education. Don’t worry: Even if you’re not a...
ABLE Accounts in St Petersburg Florida

Coming Soon: ABLE Accounts for Disabled Individuals

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On December 19, 2014, the President signed into law the Tax Increase Prevention Act of 2014. This legislation included the Achieving a Better Life Experience Act of 2014 (ABLE Act), which provides for a new type of tax-advantaged account for disabled persons called ABLE accounts....
Baby Boomers in St Petersburg Florida

Industries that Could Be Booming as the Baby Boomers Age

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The Baby Boomers generation — a population “boom” of nearly 80 million people born from 1946 to 1964 — has been affecting consumer market trends for decades. Now they’re ushering in a new wave of trends as they transition to the next stage of their...
Tangible Property in St Petersburg Florida

Taking advantage of tangible property safe harbors

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If your business has made repairs to tangible property, such as buildings, machinery, equipment and vehicles, you may be eligible for a deduction on your 2014 income tax return. But you must make sure they were truly “repairs,” and not actually “improvements.” Why? Costs incurred...
SupplierPay in St Petersburg Florida

SupplierPay: What’s in it for you?

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Even in the best of times, starting — and growing — a small business can be tough. But the credit crunch that followed 2008’s mortgage meltdown made finding working capital almost impossible for many business owners. One of the ways the government is helping to fill the credit...
Investments in St Petersburg Florida

How the IRS views your investments

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When it comes to taxes, all investments aren’t created equal — everything depends on their character and timing. So before you sell appreciated stock, buy interest-bearing bonds or even rebalance your portfolio, learn the tax consequences. Deferring vs. paying now The first...
Bitcoin in St Petersburg Florida

Get a Better Handle on Bitcoin Tax Issues

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It’s not time to put your dollar bills into memory capsules yet, but the use of convertible virtual currencies — including the Bitcoin — appears to be on the upswing. In addition to announcements that Bitcoins will be accepted by some high-profile companies...