Don’t Have Any Plans for Memorial Day? Now Your Do!

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The Greater Tampa Bay Area will soon be hosting Memorial Day activities and celebrating the launch of summer.There are many local happenings and outdoor activities to enjoy before Florida’s dreaded rainy season. Here’s a sampling of upcoming events throughout our…

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Business Interruption Claims Require Professional Help

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Smart company owners and executives obtain business interruption insurance — and possibly contingent business income coverage if the operation relies heavily on outsourcing or a particular supplier. The idea is that the policy will compensate the company for lost earnings…

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Looking for a good leader for your business?

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Traditional interviews, background checks, and clever “scenario” questions might help you turn up a good leader. But sometimes, in spite of your best efforts, you end up hiring a problem, and then struggling to get rid of him or her….

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How C Corporations Can Pass the Reasonable Compensation Test

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More Lessons from Tax Court: When a C corporation’s shareholder-employees are given generous salaries and benefits, the corporation should be prepared to fight IRS claims that some of the compensation payments are actually disguised dividends, which were paid according to…

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Navigating the Social Media Minefield for Your Business

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Social media sites such as Twitter, Facebook, LinkedIn, YouTube, Imgur and blogs can be powerful business tools. But they also carry risks, including inadvertently disclosing corporate trade secrets or engaging in behavior that can harm your company’s reputation. Crossing the…

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Insuring Employees Who Drive their Own Cars

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In many companies, employees drive during the course of their jobs — to make deliveries, call on customers or pick up supplies. In some cases, they use their personal cars rather than company cars. This can have several advantages for the…

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Lessons from Tax Court: Brothers Should Have Filed a Partnership Tax Return

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For federal income tax purposes, an unincorporated joint venture (or other arrangement under which several participants conduct a business or investment activity and split the income and expenses) is generally treated as a partnership. This general rule applies even if…

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IRS Rules for Deducting Home Mortgage Interest

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Unlike most other types of personal interest, home mortgage interest that meets the definition of “qualified residence interest” can be claimed as an itemized deduction on your federal income tax return. Here’s a closer look at the terminology underlying this…

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Don’t Ignore Your Email In Promoting Traffic to Your Site!
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Many companies overlook the humble email signature’s ability to drive traffic to their websites. They spend big dollars to advertise their sites and get priority placement on search engines. Meanwhile, everyone from the company president to the mailroom supervisor crank…

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There’s Still Time to Set Up a SEP for 2016

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Simplified Employee Pensions (SEPs) are stripped-down retirement plans intended for self-employed individuals and small businesses. If you don’t already have a tax-favored retirement plan set up for your business, consider establishing a SEP — plus, if you act quickly enough,…

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