Category Archives: Uncategorized

CPA Firm: Using a Tax Professional Can Actually Save You Money

From Carol McAtee’s CPA firm in St. Petersburg, FL – The Internal Revenue Service (IRS) reports that an increasing number of taxpayers are using software programs to prepare and file their own tax returns. However, the cost savings may not … Continue reading

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Florida CPA Talks IRS Retirement Plan Limitations for 2011

From Carol McAtee’s CPA firm in St. Petersburg, FL – Cost of living adjustments affecting the limitations of contributions to retirement related plans for the tax year 2011 have been announced by the IRS. In general, the inflation adjustments for … Continue reading

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Summertime Financial Blues

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

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What New Business Owners Need to Know About Taxes

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

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American Opportunity Tax Credit Offers Reduction in College Expenses

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

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S Corporation Owner Salaries Under Scrutiny

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

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2010 Tax Relief Act Extends Many Tax Cuts

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

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Selecting the Wrong Tax Form May Cost You Money

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

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IRS to Start Processing Delayed Returns

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

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Small Business Health Care Tax Credit

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

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