Author Archives: Carol

From Carol McAtee’s CPA firm in St. Petersburg, FL –Family vacations tend to dominate this time of year. Sometimes there is nothing more exciting (or more stressful?) as planning and packing for the long awaited summer getaway. Parents take kids … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL –When starting a business, new owners need to know their federal and state tax responsibilities. Generally, the form of business entity chosen to operate will determine what taxes need to be … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL – The American Opportunity Tax Credit (AOTC) was created in February 2009 as part of the American Recovery and Reinvestment Act. For the tax year 2010, taxpayers with tuition expenses can … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL –If you operate your business as an S Corporation and pay yourself a salary as an owner-employee, you need to be aware of the increased attention the IRS is giving to … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL – On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 into law. The Act extends the Bush income tax cuts for … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL –Most people hate filling out tax forms almost as much as they hate paying taxes. This is why it is important for taxpayers to have the right professional guidance when filing … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL – Beginning on February 14, the Internal Revenue Service plans to start processing tax returns delayed by last month’s tax law changes. However, taxpayers affected by the delay can begin preparing … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL – Under the Patient Protection and Affordable Care Act, approved by Congress and signed into law on March, 23, 2010, your business may be eligible for a tax credit.  In order … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL – Beginning in 2011, taxpayers receiving rental income will be required to file information returns (Form 1099) with the IRS for all rental property expenses paid by the taxpayer in amounts … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL- With the end of the year approaching, it is time to begin thinking about the next tax filing season. A small business bill passed by Congress just a few weeks ago … Continue reading →