The Kiddie Tax and How to Avoid It
Tags: Business Income Tax Deduction, CPA Sarasota, QuickBooks Bookkeeping, Tax Planning The kiddie tax was enacted by Congress to prevent parents from passing investment income to their children, typically those with a lower tax rate. Under the kiddie tax rules, a...
Strategic Insights for Employing Your Spouse
Tags: CPA Sarasota, QuickBooks Bookkeeping, self-employment tax, Tax Planning If you own your own business and operate as a proprietorship or partnership, one of the smartest tax moves you can make is hiring your spouse to work as your employee. Unfortunately the tax...
How Can A Virtual Bookkeeping Service Help Your Business
No matter the size of your business, it is very important to pay close attention to your bookkeeping and ensure you are keeping accurate records of your transactions, sales, transfer of money, etc. Bookkeeping will provide an accurate picture of how well your business...