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Key Insights into Depreciation

Key Insights into Depreciation

Tags: real estate taxes, Sarasota CPA, Sarasota Quickbooks, Tax Planning Here are some key insights into depreciation, particularly regarding business or rental assets. When Does Depreciation Start? Technically, depreciation begins not when you use an asset but when...
HSAs For Business Owners

HSAs For Business Owners

Tags: Health Insurance, QuickBooks Bookkeeping, Sarasota CPA, Tax Planning When enacted, the Affordable Care Act (ACA) eliminated most small-business health plans that reimbursed individually purchased health insurance. Consequently, many small business owners with...
Claim Your 2020 COVID Sick and Family Leave Credits Today

Claim Your 2020 COVID Sick and Family Leave Credits Today

Tags: COVID, QuickBooks Bookkeeping, Sarasota CPA, Tax Planning COVID Relief You may have overlooked potential COVID-19 tax credits.Β  Credits can result in up to $15,110 in tax credits.Β  The good news is that it’s not too late to claim them. The IRS allows amended tax...
Shutting Down a C Corporation

Shutting Down a C Corporation

Tags: C Corporation, QuickBooks Bookkeeping, Sarasota CPA, Tax Planning Tax Implications There are several tax implications to be aware of when shutting down a C corporation. Complete liquidation of a C corporation is when it ceases to be a going concern.Β  It winds up...
The Cleaning Lady and Your Home-Office Deduction

The Cleaning Lady and Your Home-Office Deduction

Tags: Home Office, QuickBooks Bookkeeping, Sarasota CPA, Tax Planning Keeping Clean? If you have an office in your home that qualifies for the home office deduction and you employ a cleaning lady who maintains both your home and your home office, there are a couple of...