Every Spring (and Fall for those of us who filed extensions), millions of honest tax-paying citizens file their returns, willfully submitting their personal information to the IRS, whether it be through attorneys, seasonal tax-employees, tax software or good old-fashioned snail-mail. Unfortunately, every year about this time a percentage of those millions fall victim to tax-related…
Planning for retirement is a no-brainer. The wisest among us are constantly investing back in themselves, looking for ways to save money down the road. One of the reasons the individual retirement account (IRA) is so great is that it is “individual,” meaning it is customizable. You can modify your deposits, take withdrawals at will…
So you’re thinking about starting a business in Miami but are not quite sure where to begin. Then you should know right away that it takes more than just a highly-developed business acumen and keen eye for a niche market to make your mark in The Magic City. The first step to running a successful…
So what separates the people that “win” every tax refund season from those that simply survive it? What do they know that you don’t? For one, they know how to minimize their tax liability. Reducing the amount you owe is the surest way to get the most money back. Here are a few time-tested tips…
Audits aren’t fun. No one looks forward to getting that letter from the IRS because too often such unwelcome correspondence usually means one thing: you owe them money. While the odds of getting audited are fairly low, once the IRS singles you out there is very little you can do to avoid it. There are,…
As a family-run firm with international roots, we understand better than most how complicated managing finances across borders can be. And, in light of the Foreign Account Compliance Act (FATCA), it’s more important than ever to get it right. That’s because the potential fines are painfully high: a taxpayer can be exposed to hundreds of…
As is becoming par for the course, significant changes to the tax code (for both personal and corporate taxes) were put into place on January 1st. An understanding of these laws and taking proper steps to address impending issues are essential in keeping you ahead of the curve and set to take on 2014. That…
As your organization grows, the need to keep accurate records in order to maintain its smooth functionality expands as well, not to mention the number of records themselves. If you’re not hiring a professional to look after your books, you’re doing it yourself. But all the time you spend focused on these day-to-day reports is…
Accurate bookkeeping is a necessity to keep your business successful. Even though choosing to do the bookkeeping yourself can at times be tedious, keeping track of your revenue and outgoings is vitally important. Thankfully tax accounting software has come a long way in its ability to help you manage your finances. As more and more…
Are you up at night worrying about double-entries? Do you get a pit in your stomach whenever you think….
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