SCORE welcomes Miami CPA Gustavo A. Viera as its newest counselor Miami, Fl, August 30, 2011 – The Miami Chapter of SCORE welcomes Miami CPA Gustavo A Viera as its newest counselor. SCORE.org is an organization partly funded by the Small Business Administration (SBA). Originally the acronym for “Service Core of Retired Executives”, SCORE is now …
Month: August 2011
Should you rent or buy your own home? Since the real estate bubble burst, the American dream of homeownership has fizzled. Question is should you rent or buy your own home? A growing number of Americans, called a new class of of rent or buy, can afford to buy a home but are renting by choice. …
IRS Pursues Past Due Payroll Taxes – Jail Time Possibility You may think the IRS pursues all taxes equally but they don’t. The IRS is especially vigorous in going after Past Due Payroll Taxes withheld from wages that somehow don’t get paid to the government. This is trust fund money that belongs to the government and …
I want to talk about how to keep track of the money in a company. That is called accounting and we’re going start with the basics of accounting. Accounting is keeping track of the money in a company. It’s critical to keep good books and records for a business, no matter how small it is. I’m …
The Internal Revenue Service, moving aggressively to collect more taxes from small businesses, is telling companies being audited to turn over exact copies of the electronic records kept in their business-software programs, according to a letter from an agency official to the American Institute of CPAs.
As a CPA and overall early adopter, I strongly rely on the power of the internet for marketing to make my phone ring. Here are the 5 basic things you should focus on.
If you treat workers as independent contractors who are really employees and fail to withhold payroll taxes the IRS can reclassify them and assess potentially crippling retroactive penalties. For many, a key way out of this mess is Section 530, a tax relief provision that can let you keep even an erroneous classification. Under this provision, a business can treat an individual as an independent contractor if:It never treats the person as an employee;It does not treat any other person with a substantially similar position as an employee;All required federal tax returns and Forms 1099 show the worker as an independent contractor; and The business had a “reasonable basis” not to treat the person as an employee.
It never treats the person as an employee;
It does not treat any other person with a substantially similar position as an employee;
All required federal tax returns and Forms 1099 show the worker as an independent contractor; and The business had a “reasonable basis” not to treat the person as an employee.
When most of us think about franchises, we are referring to the business-based franchise like the top 500 franchises published in Entrepreneur magazine each year. Entrepreneur’s 75 different categories range from automotive to services, but they all have one thing in common—a systematic method to deliver services or products.Franchising is not for everyone, but for an individual who has limited business experience or someone who enjoys working within an established system, franchising can be the best possible path.
For those who dream of running their own shop, our Miami CPA Firm recommends asking these four questions to be sure you get off on the right foot.
Longevity in business can leave owners complacent, unprepared, and misaligned with their personal goals. Here’s how to avoid the key dangers success can bring