Requirements in St Petersburg Florida

Extreme Winter Weather Creates Blizzard of New Requirements

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The Occupational Safety and Health Administration (OSHA) has much to say about how you need to keep employees safe when the winter winds are howling. Also, the Fair Labor Standards Act and state laws have spawned reams of rules on when you are obliged to pay workers if your...
Offshore Accounts in St Petersburg Florida

IRS Aims to Ground More Offshore Accounts

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Despite reduced resources due to recent budget cuts, the IRS is continuing its efforts to deter illegal tax evasion schemes. Instead of announcing its annual list of the “Dirty Dozen” tax scams for 2015 in one fell swoop, the agency is issuing a press release for each...
Cuba in St Petersburg Florida

Cuba: Land of Limited U.S. Opportunities

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Cuba is a curiosity to many Americans, especially Baby Boomers who remember the Cuban Missile Crisis. It’s the biggest island in the Caribbean — about the size of Virginia — and it’s less than 100 miles off the coast of Florida. Despite its geographic...
Mileage Deduction in St Petersburg Florida

Mileage deduction: Be sure to deduct all you’re entitled to

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You probably know that miles driven for business purposes can be deductible. But did you know that you might also be able to deduct miles driven for other purposes? The mileage deduction rates vary depending on the purpose and the year. Mileage Deduction Rates Business: 56 cents...
Form W-2 in St Petersburg Florida

What to do if you don’t get a Form W-2

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If you worked as an employee during 2014, your employer must give you a Form W-2, “Wage and Tax Statement,” by February 2, 2015. This form shows the amount of wages you received for the year and the taxes withheld from those wages, and it must be filed with your return. If you...
Paid Sick Leave in St Petersburg Florida

Paid Sick Leave Policy: Fertile Ground for Trial and Error

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It’s a fair question to ask … why should employers provide paid sick leave? As noted by President Obama in his recent State of the Union Address, not every employer does. According to the Bureau of Labor Statistics, 73 percent of U.S. employers provide paid sick leave...
Estate Planning in St Petersburg Florida

Estate Planning to Minimize Federal Income Taxes

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The traditional estate planning approach, aimed at reducing estate tax values, is less relevant for the vast majority of individuals today than it was in the past. The American Taxpayer Relief Act of 2012 (ATRA) provides relatively generous estate tax rates, limits and rules for...
Tax Returns in St Petersburg Florida

2014 Federal Tax Returns: Something Borrowed, Something New

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Tax season is finally here. The deadline for calendar-year corporations to file a return (or an extension) is Monday, March 16. The deadline for individuals to file their income tax returns (or an extension) is Wednesday, April 15. As businesses and individuals start gathering...
Tax Return in St Petersburg Florida

Why you shouldn’t procrastinate on filing your 2014 income tax return

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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 is just a few weeks — or perhaps even just a few days — away. But there’s another date you should keep in mind: Jan. 20. That’s the date the IRS began accepting 2014...
HR Function in St Petersburg Florida

Should you outsource your company’s HR function?

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Thanks to his deep industry knowledge and financial acumen, Doug is building a rapidly growing manufacturing business. But Doug is no human resources expert, and his wife, who squeezes their HR function into her busy day as the company’s marketing director, is worried about...