by cpaofmiami | Jan 13, 2015 | Miami CPA Accounting
Here’s a enlightening article from the Miami Herald on the economic outlook in 2015 for South Florida. The article takes an inside look at sectors like construction, trade, professional services, retail and hospitality. If you are seeking to expand your...
by cpaofmiami | Jan 13, 2015 | Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
Thumbtack, in partnership with Ewing Marion Kauffman Foundation, released the results of their third annual Small Business Friendliness Survey. The study provides insights into the friendliness of state and local business environments across the United States....
by cpaofmiami | Jan 13, 2015 | Uncategorized
Being a real estate professional can be a significant benefit to an owner of rental properties as it allows for rental activities to be treated as non-passive and therefore losses can be deducted on these properties. Otherwise, the losses are suspended until the...
by cpaofmiami | Jan 6, 2015 | Uncategorized
I’d like to thank you all for your business this past year. All of the staff remains the same so you can be sure your business and your taxes will continue to have the same high quality you have come to expect. All of our staff can be reached at phone numbers...
by cpaofmiami | Jan 5, 2015 | Uncategorized
As part of the Affordable Care Act (ACT), the floor for deducting medical expenses has been raised from expenses exceeding 7.5% of Adjusted Gross Income (AGI) to 10% of AGI. Health insurers or employers will have to provide individuals annually with...
by cpaofmiami | Jan 5, 2015 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
If you are exaggerating your business expenses, this increases your risk of getting audited by the IRS. The IRS measures typical amounts of expenses by your type of business, and a tax return showing 20 percent or more above the norm increases your risk of getting...
by cpaofmiami | Dec 29, 2014 | International Taxes - Expat Tax Compliance, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
It’s one thing to have a business that occasionally loses money, particularly in economic downturns. However, having a business or two that loses money every year for a sustained period of time is an invitation for a tax audit. If your small business fails to...
by cpaofmiami | Dec 19, 2014 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
For the average person, there’s nothing more terrifying than the thought of getting an IRS audit. It ranks right up there with fears of dentists, flying, and fear of heights. Goodwill donations are great. So are donations to a non-profit. They are made for a...
by cpaofmiami | Dec 17, 2014 | Miami CPA Accounting, QuickBooks Accounting - Bookkeeping
If you are considering starting a new business or making a substantial investment in a new business, the choices you make at the planning stage can have profound tax consequences to you throughout the life of your business or investment. Canner Brody and Yan CPAs can...
by cpaofmiami | Dec 17, 2014 | Miami CPA Accounting, QuickBooks Accounting - Bookkeeping, Tax Compliance - High Net Worth Individuals
QuickBooks is the small business accounting software of choice today. Here are the key reasons most small businesses in the South Florida area use QuickBooks to maintain their financial needs. It adapts to most types of small business. Easy to customize. Reports can...
