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Best of SRQ Local
One Ugly Rule for S Corp Owners Deducting Health Insurance

One Ugly Rule for S Corp Owners Deducting Health Insurance

May 26, 2023 | Income Tax

Tags: Deduct Health Insurance, QuickBooks Bookkeeping, Sarasota CPA, Tax Planning Deduct Health Insurance When your S corporation covers or reimburses your more-than-2-percent-shareholder-employee health insurance expenses, it classifies the payments as box 1 W-2...
Basic Estate Planning

Basic Estate Planning

May 25, 2023 | Income Tax

Tags: Estate Planning, QuickBooks Bookkeeping, Sarasota CPA, Tax Planning Estate Planning Time Estate planning, have you looked into it?  Essentially, it’s an essential part of tax planning. Estate planning gives direction for what you want done after you pass. ...
Tax Credit for Electric Vehicle: The Latest from the IRS

Tax Credit for Electric Vehicle: The Latest from the IRS

May 24, 2023 | Income Tax

Tags: Electric Vehicle, QuickBooks Bookkeeping, Sarasota CPA, Tax Planning New Guideline for Electric Vehicle Tax Credit Did you claim your Electric Vehicle (EV) Tax Credit? The IRS recently issued new guidance on electric vehicles. There are four ways you can...