Author Archives: Carol

Series. Part 3 of 3. Self-employed Plans: SEP IRA and SIMPLE. From The Offices Of Carol McAtee & Associates, CPAS, St Petersburg, Florida

We have talked about retirement vehicles: Traditional & Roth IRAs.  Last week we talked about a garage they can be parked in:  Employer-provided retirement plans.  In this last part of three we talk about another garage: Self-employed plans. In self-employed … Continue reading

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Series. Part 2 of 3. Employer-provided Plans: 401Ks, 403Bs, and 457Bs.

In this second part of three, we are talking about various tax advantageous retirement and savings vehicles and their maximum contribution amounts. We hope that you check on your progress towards #MaxItOut. Last week we talked about the vehicles: Traditional … Continue reading Continue reading

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Meals & Entertainment – 2018 & Beyond: From The Offices Of Carol McAtee & Associates, CPAS, St Petersburg, Florida

This week we are talking about two of our favorite things:  Meals and Entertainment.  Who doesn’t love good food and good fun?  We certainly do!                               … Continue reading

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Reporting Virtual Currency Transactions: From The Offices of Carol McAtee & Associates, CPAs, St Petersburg, Florida

Reporting Virtual Currency Transactions With the price of Bitcoin hitting record highs in 2017, many Bitcoin holders cashed out not realizing the impact it could have on their tax bill. Many people, for example, did not understand that it was … Continue reading

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It’s Time for a Premium Tax Credit Checkup: From The Offices of Carol McAtee & Associates, CPAs, St Petersburg, Florida

It’s Time for a Premium Tax Credit Checkup If you or anyone in your family receive advance payments of the premium tax credit, now is a good time to check on whether you need to adjust your premium assistance. Because … Continue reading

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What you need to know about the Equifax Data Breach: From The Offices Of Carol McAtee & Associates, CPAs, St Petersburg, Florida

What you need to know about the Equifax Data Breach Background: What is Equifax? Equifax is one of three major U.S. credit reporting bureaus. The other two are TransUnion and Experian. There is also a smaller, less well-known credit-reporting agency … Continue reading

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Business Entertainment Expenses: From The Offices Of Carol McAtee & Associates, CPAs, St Petersburg, Florida

Business Entertainment Expenses As a business owner, you are entitled to deduct certain expenses on your tax return such as those relating to entertaining clients. Entertainment is considered any activity that provides entertainment, amusement, or recreation. It may also include … Continue reading

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Identity Theft: What to Watch out for and What to do: UPDATE FROM THE OFFICES OF CAROL McATEE & ASSOCIATES, CPAS, St Petersburg, Florida

Identity Theft: What to Watch out for and What to do Tax-related identity theft typically occurs when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund. Anyone can fall victim to identity theft. … Continue reading

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Tax Tips for Those Affected By Natural Disasters: UPDATE FROM THE OFFICES OF CAROL McATEE & ASSOCIATES, CPAS, St Petersburg, Florida

Tax Tips for Those Affected By Natural Disasters Every year, hurricanes, tornadoes, floods, wildfires, and other natural disasters affect people throughout the US. The bad news is that recovery efforts after natural disasters can be costly. For instance, when hurricanes … Continue reading

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