TaxBiz

It’s no secret that for many people who get in hot water with the IRS, a very common reason is payroll taxes. For many, they aren’t filing properly, “assuming” that their bookkeeper is handling it or their payroll software. But that isn’t necessarily the case, I’m sad to say. ☹️ So, this week, I thought I’d give you a quick primer on the subject … because it’s definitely something to… Read More

Let’s address an unfortunate reality: As a business owner, you have a greater number of tax reporting obligations than a regular person has. (Of course, you have MANY more tax-savings opportunities as well.) But with those increased obligations comes increased opportunity for things to slip through the cracks, potentially resulting in business tax penalties and interest charges from the IRS. Some of these penalties are straightforward and simple. Others get… Read More

Today, let’s reach for some small business tips you should be taking away from this past season. As Southeastern FL business owners, we always need to be ready to adapt to changing times — this time around change just happened to come … faster. So, what should we do about this? That’s my subject today. Some Small Business Tips Your Southeastern FL Business Should Learn… “Your talent determines what you… Read More

During the first Super Bowl that Tom Brady won (with the Patriots), these were some of the companies who advertised (hat tip to Jon Erlichman of Bloomberg): AOL Blockbuster Radio Shack Circuit City CompUSA Sears HotJobs Yahoo VoiceStream Wireless Gateway Computers The year was 2002, and life looked a little different, eh? BUSINESS looked different. Over the past few years, we’ve all had to adjust to some things. It’s a… Read More

There is a difference between income and wealth. Tax returns aren’t about wealth — they’re about “income”, and how that is defined. Business owners and real estate investors have access to powerful tax advantages that wage earners do not … and wage-earners probably wouldn’t understand them. This is true for smart business owners the world over. Or perhaps you’re considering STARTING a Southeastern FL business? Let’s talk about making that… Read More

If we’ve learned anything from 2020, it’s that our best-laid plans don’t always turn out. As the great philosopher Mike Tyson once said: everyone has a plan until they get punched in the face. What is your plan for exiting your Southeastern FL family business? You need to have a direction. For many, it’s moving the family business towards a sale. But for many others, they want to see their… Read More