Tag Archives: Taxes

#COVID-19 Employee Retention Tax Credit (ERTC) Part 1 of 3.

The ERTC is encouragement, for employers to keep paying employees, in the form of a refundable credit equal to 50% of up to $10,000 of qualified wages for a maximum $5,000 credit – per employee. The credit is taken against … Continue reading

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Getting To That 20%

Perhaps the biggest change to your business and individual taxes is the Section 199A, Qualified Business Income Deduction (QBID). Your complimentary trip down Memory Lane (aka link to a Carol McAtee archived blog) –  TCJA and What in the World … Continue reading

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Government Doesn’t Run on Dunkin’!

Here’s what’s up!  The longest ever paid vacation for 380,000 furloughed government employees.  The longest ever indentured servitude for 420,000 government employees and the Coast Guard as they work without pay.  All courtesy of the longest-ever partial government shutdown.  By … Continue reading

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UPDATE FROM THE OFFICES OF CAROL McATEE & ASSOCIATES, CPAS, St. Petersburg, Florida

Carol McAtee & Associates, CPAs   . . . . .continued from last week’s post, Never too Early to Start Thinking About Filing the Next Tax Return Consider Making IRA Contributions Contributions to an Individual Retirement Account (IRA) are a … Continue reading

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Know How Your Tax Dollars are Spent

From Carol McAtee’s CPA firm in St. Petersburg, FL –Do you ever wonder specifically where your tax dollars are spent? For the first time ever, American taxpayers can go online and see exactly how the government is spending the federal … Continue reading

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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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Tax Deductions for the Business Traveler

From Carol McAtee’s CPA firm in St. Petersburg, FL –As a CPA I see many people who have lost their jobs.  The unemployment rate in Florida is way above the national average. I was recently  interviewed on the topic and I … Continue reading

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