Home Office Deduction

Deductions for working from home center around the concept of a home office deduction. That is, §280A(a) disallows all deductions “with respect to the use of” a taxpayer’s residence. However, §280A(c) removes that barrier if the taxpayer uses a portion of the home “exclusively and on a regular basis” for any one of three purposes: (1) as the taxpayer’s principal place of business; (2) as “a” place of business where the taxpayer meets with patients, clients, or customers to whom the taxpayer provides services; or (3) in any way reasonably connected with the taxpayer’s trade or business if and only if the physical area so used is an outbuilding, “a separate structure which is not attached to the dwelling unit.”

How Outsourcing Accounting and Tax Departments Makes a Company More Efficient?

Accounting, Business Trends / By Gustavo Viera

Accounting and Tax departments must overcome the reluctance on the part of others within their companies to Outsource Accounting and Tax Services. Such changes often accompanying the installation of a new accounting firm. They can help cut reduce labor costs, speed monthly closings, and help companies become steer away from accounting services and more towards Profitable Task. IMPROVEMENTS start with the right accounting and tax services firm.

Accountants Last-Minute Tip for Last-Minute Tax Filers

Tax / By Gustavo Viera

With the July 15 tax-filing deadline − postponed from April 15 – only a few days away, the Accountants are reminding taxpayers who have yet to file their tax returns that Accountants in Miami has tools and services to help them meet their tax obligations.
Accountants in Miami tax help is available 12 hours a day until the extension deadline runs out. Whether filing a tax return, requesting an extension, or making a payment, our Accountants can help last-minute filers on just about everything related to taxes. Taxpayers can also use the IRS Interactive Tax Assistant tool to answer many tax questions they may encounter.

How Accountants in Miami Increase Client Satisfaction

Business Trends / By Gustavo Viera

If you’re an Accountants in Miami not highly focused on improving your level of client satisfaction, you should be. This is true regardless of whether your clients aren’t thrilled with you as an Accountants in Miami or they think you are the greatest gift in their lives. The fact is, your clients’ overall level of …

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2012 Year-End Tax Planning Strategies

Tax / By Gustavo Viera

With less than 30 days left in 2012, Accountants in Miami are busy with year-end tax planning. This 2012 tax year is more difficult in that no one knows how the tax laws may change before the end of the year. With certain tax deductions and credits due to expire at the end of 2012 …

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Accountants in Miami are Push Innovation? Are You Seeing It?

Accounting / By Gustavo Viera

40 percent of Accountants in Miami perceive themselves as catalysts for innovation. According to a recent AICPA technology survey, 40% of Accountants in Miami perceive themselves as catalysts for innovation for their clients. Another 17 percent report that they play a minimal role in helping clients embrace cloud, mobile, and other emerging technologies. I don’t …

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Accountant in Miami finds IRS Not Always Following Procedures

Tax / By Gustavo Viera

GUSTAVO A VIERA CPA, an Accountant in Miami has found that evidence was sometimes not available to support increasing IRS assessments against business taxpayers that have not filed required returns. In addition, in some instances, the taxpayers were not provided sufficient time to respond to proposed assessments, according to Accountant in Miami, Gustavo A Viera. The …

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Cost Basis Reporting Poses Challenges for Accountant in Miami

1 Comment / Tax / By Gustavo Viera

Cost Basis Reporting Poses Challenges for Accountant in Miami The Internal Revenue Service’s Cost Basis Reporting requirements remain a challenge for many Accounting Firms as the IRS continues to phase in the requirements, according to a new report. The report, from the research firm Celent and financial technology provider Scivantage, examines the current state of the industry …

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Proposed revisions clarify responsibilities for Accountants in Miami

Accounting / By Gustavo Viera

Proposed revisions clarify responsibilities for Accountants in Miami In accordance with recently proposed revisions to professional standards, Accountants in Miami who prepare financial statements for clients would consider that a nonattest bookkeeping services in Miami and would no longer be required to perform a compilation service with respect to those financial statements unless engaged to …

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IFRS Is Coming is your Accountants in Miami Prepared?

Accounting / By Gustavo Viera

Are Accountants in Miami Prepared? Accountants in Miami know that International financial reporting standards (IFRS) are heading to Accountants in Miami, although the nature of the standards, when they will arrive, and which companies they will affect initially and in the long run continue to be unsettled issues. Convergence is the term given to the process of …

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