During this webinar, Florida Department of Revenue presenters will help you understand Florida’s use tax by providing a simple definition, explaining how it differs from sales tax, Read more
36 percent of self-employed workers do not pay taxes. Why? How can these entrepreneurs avoid being audited?
The Tax Cuts and Jobs Act (TCJA) created a new 20% deduction for pass-through entities. Though the IRS has not fully interpreted the new rules—which won’t go into effect until the 2019 tax season—many of the implications are clear. Many are not.
The passage of the Tax Cuts and Jobs Act (TCJA) brought renewed focus upon pass-through entities (PTEs). In spite of their widespread popularity, PTEs are commonly misunderstood. While thought of primarily as small businesses with few employees that generate a fraction of overall business profits, the truth about PTEs tells a very different story.
The IRS lets you deduct some of the costs of using a personal vehicle for business purposes. Just like you can deduct the cost of business expenses such as marketing, you can also deduct your business mileage. But make sure you’re following the rules or else you may face that dreaded IRS audit.
In this SCORE webinar, CPA and tax consultant Micah Fraim will explain major changes to corporate taxes, adjustments to business deductions and credits, the expansion of some indiv Read more
The quality of your employees can differentiate your business. So, how can you turn your business into a talent magnet? Consider offering a 401(k) plan. Read more
For many entrepreneurs, travel and entertainment (T&E) tax deductions can be a minefield. Certain expenses for business travel are deductible as long as they meet two criteria: They must be “ordinary and necessary” in the course of doing business, and they must be documented.
Small business owners heading into 2018 have a lot to be happy about — but they've also got some major concerns about the continued success of their businesses, including taxes, cash flow, and technology.
Back taxes can have serious consequences for a small business. They accrue interest and penalties, so your tax debt can quickly snowball. The IRS will hold any tax refund your business is entitled to until the past-due taxes are paid.