Today our clients are busier than ever. Some are juggling working a full-time job from home while homeschooling their children, others are on the front lines struggling to care for the sick, and others still are starting new jobs or battling unemployment. During these...
Blog Category
Planning
CARE ACT – Business provisions: Employee retention credit for impacted employers
As it passed the Senate, this provision provides a refundable payroll tax credit for 50% of wages paid by eligible employers to certain employees during the COVID-19 crisis. (Act Sec. 2301(a)). The effective date of the credit applies to wages paid after March 12,...
Transforming the Budget Process
Budgeting can be mundane and often a task many of us do not look forward to completing; however, this new process allows you to take a completely different look at your budgeting process. You can get the budget you want, and not just the budget you have always had.
Getting Organized for Tax Time
“…in this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin. Though Mr. Franklin understood clearly that paying taxes was a certainty, he could not have imagined just how complex tax filing would become. The U.S. tax code is a...
Summer… The Best Time for Gardening, Boating, and Business.
If You Want It To Grow, Water It. Sweet summertime. It is the season where beaches are overflowing with sunbathers, BBQs are filling the air, flowers are blooming, and most of us have forgotten about the long, cold winter. It is also the time of year for accounting...
Who Really Pays Their “Fair Share” of FICA Tax?
After recently hearing political candidates argue over Social Security taxes and vowing to make sure that everybody pays their “fair share,” I thought I would dig into the matter a little further. For some background on Social Security The Social Security Act was...
Your choice of entity can make a difference…
Each type of entity, S-Corp, C-Corp, Partnership, and LLC has its own pros and cons…
Saving for your child’s future…
Let’s face it, education is expensive. In my last article, I touched on 529 plans, and now there are even better reasons to open this account for your child or grandchild.
Tax Planning as a Family?
Yes, there are many tax breaks available to families, and at PFBF CPAs, we know that planning ahead can save taxes and teach children the value of earning and saving money.