Business in St Petersburg Florida

3 midyear tax planning strategies for business

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Tax reform has been a major topic of discussion in Washington, but it’s still unclear exactly what such legislation will include and whether it will be signed into law this year. However, the last major tax legislation that was signed into law — back in December of 2015 — still...
Deductions in St Petersburg Florida

Saving tax with home-related deductions and exclusions

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Currently, home ownership comes with many tax-saving opportunities. Consider both deductions and exclusions when you’re filing your 2016 return and tax planning for 2017: Property tax deduction. Property tax is generally fully deductible — unless you’re subject to the alternative...
tax-saving tips in St Petersburg Florida

7 last-minute tax-saving tips

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Where did the time go? The year is quickly drawing to a close, but there’s still time to take steps to reduce your 2016 tax liability. Here are seven last-minute tax-saving tips to consider — you just must act by December 31: Pay your 2016 property tax bill that’s due in early...
Retirement in St Petersburg Florida

There’s still time to set up a retirement plan for 2016

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Saving for retirement can be tough if you’re putting most of your money and time into operating a small business. However, many retirement plans aren’t difficult to set up and it’s important to start saving so you can enjoy a comfortable future. So if you haven’t already set up a...
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...
Roth Accounts in St Petersburg Florida

New IRS Guidance for Designated Roth Accounts

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Does your employer offer a 401(k), 403(b) or governmental 457 plan? If so, you may be able to set up a designated Roth account through your company’s plan. Then your Roth account will be allowed to receive designated Roth contributions that are taken out of your salary...
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...