Online Resources for Tax Needs

The IRS.gov website is a great resource for free tax help 24 hours a day, seven days a week. They have numerous online tools to assist taxpayers of all kinds.   Click here to learn more: http://www.irs.gov/uac/Newsroom/Visit-IRS.gov-this-Summer-for-All-Your-Tax-Needs...

Deducting Your Job Search Expenses

In recognition of the fact that many people are job hunting during the summer months, the IRS has released seven things you should know when considering deducting job search costs: http://www.irs.gov/uac/Newsroom/Job-Search-Expenses-May-Lower-Your-Taxes We are...

Tax Benefits for Armed Services Personnel

Members of the U.S. Armed Forces should take notice of the special tax benefits that may apply to them.   A summary of ten of these benefits can be found below: http://www.irs.gov/uac/Newsroom/Special-Tax-Benefits-for-Armed-Forces-Personnel-1 Let us know if you need...

Serving Others Away from Home

Many clients spend part of their summers volunteering for charities as part of service projects away from home.  If this is part of your schedule this summer, click here to read the IRS information on qualified itemized deductions for unreimbursed travel expenses:...

Hurricane Preparedness – Are Your Records Safe?

The first named event is already taking place off-shore!  Make certain that in addition to the preparations you are making with regard to your family’s physical safety, you consider safeguarding important information as well. The IRS encourages you to take a few...

Wedding Bells Ringing?

IRS Summertime Tax Tip 2013-01, July 1, 2013 Late spring and early summer are popular times for weddings. Whatever the season, a change in your marital status can affect your taxes. Here are several tips from the IRS for newlyweds:...

Five Basic Tips on Starting a New Business

The IRS has released its top five tips on federal tax responsibilities of starting a new business.   To see their “Top 5”, click here: http://www.irs.gov/uac/Newsroom/Tax-Tips-if-You-Are-Starting-a-Business If you are starting or expanding your business,...

Third Quarter 2013 Interest Rates

IR-2013-55, May 23, 2013 WASHINGTON ― The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2013, as in the prior quarter. The rates will be: three (3) percent for overpayments [two (2) percent...

Tax Updates for the Vero Beach Market

The FICPA hosts podcasts on the recent federal tax updates. Click the following link http://www.ficpa.org/Content/News/FederalTaxPodcasts/Articles/01092012.aspx to listen to the podcast. If you have any question as to how these changes affect your tax position, please...

Top Five Fiscal Factors for Health Care Practices

I.           Independent Professional Advisors  First and foremost, one of the most fatal pitfalls for health care practices is the failure to maintain proper independent professional advisors. Health care attorneys and CPAs should be used to help guide medical...