Monthly Archives: July 2017

Tax Breaks for Hiring New Employees: Update From The Office Of Carol McAtee & Associates, CPAs, St Petersburg, Florida

Tax Breaks for Hiring New Employees If you’re thinking about hiring new employees this year, you won’t want to miss out on these tax breaks. 1. Work Opportunity Credit The Work Opportunity Tax Credit (WOTC) is a federal tax credit … Continue reading

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Tax Implications of Crowdfunding: UPDATE FROM THE OFFICES OF CAROL McATEE & ASSOCIATES, CPAS, St Petersburg, Florida

Tax Implications of Crowdfunding Crowdfunding websites such as Kickstarter, GoFundMe, Indiegogo, and Lending Club have become increasingly popular for both individual fundraising and small business owners looking for start-up capital or funding for creative ventures. The upside is that it’s … Continue reading

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Minimizing Tax on Mutual Fund Activities: UPDATE FROM THE OFFICES OF CAROL McATEE & ASSOCIATES, CPAS, St Petersburg, Florida

Minimizing Tax on Mutual Fund Activities Tax law generally treats mutual fund shareholders as if they directly owned a proportionate share of the fund’s portfolio of securities and you must report as income any mutual fund distributions, whether or not … Continue reading

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Hobby or Business? Why It Matters: UPDATE FROM THE OFFICES OF CAROL McATEE & ASSOCIATES, CPAS, St Petersburg, Florida

Hobby or Business? Why It Matters Millions of Americans have hobbies such as sewing, woodworking, fishing, gardening, stamp and coin collecting, but when that hobby starts to turn a profit, it might just be considered a business by the IRS. … Continue reading

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