What You Need to Know About the New 2018 Federal Tax Withholding

Tax Reform Tax reform: the process of changing the way taxes are collected or managed by the government. First, tax reform can include reducing the level of taxation of all people by the government, making the tax system more progressive or less progressive. Secondly, tax reform simplifies the tax system by making the system more understandable or more accountable. On …

It’s Time to File Your Annual Reports!

It’s Time to File Your Annual Reports! It’s time to file your 2018 Annual Report! An annual report is a required report that is used to update or confirm the Florida Department of State, Division of Corporations’ records. They are due each year between January 1st and May 1st for all: Corporations Limited liability companies Limited partnerships Limited liability limited …

Updates to Travel Reimbursement per diems.

Updates to Travel Reimbursement per diems. With the holidays coming up, traveling for pleasure will certainly be on the rise. But we didn’t forget about those businesses who are still recording travel expenses! According to the American Institute of Professional Bookkeepers, travel reimbursement per diems have been updated. These federal per diem rates can be used by businesses to reimburse …

IRS warns against “double-dipping”

IRS warns against “double-dipping” Small business owners are attracted to insurance plans that provide a variety of wellness benefit programs, but one important question this raises is: are wellness program benefits tax free or not? A fair amount of the employee benefit plans being promoted to small businesses do not qualify for the advertised benefits, resulting in what the IRS …

Tax Season is Coming: Dates to Watch For

Tax Season is Coming: Dates to Watch For For business owners, tax season can be quite daunting. Don’t get lost in the deadlines and due dates! The American Institute of Professional Bookkeepers has released a Tax Calendar and a list of Payroll due dates all businesses should be mindful of in the coming months. Below is a helpful guide to …