Monthly Archives: December 2013

DiSalvo & Co. CPA Wishes You a Happy, and Prosperous 2014.

CPA in Vero Beach, Titusville,and Melbourne

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DiSalvo & Company, CPA

Melbourne – Titusville – Vero Beach

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Happy Holidays from the CPA firm of DiSalvo & Company

HappyHolidays

Happy holidays from DiSalvo & Co.  We hope you have a safe and joyous holiday season.

from the CPA firm of DiSalvo & Co.

Melbourne – Titusville  – Vero Beach

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What is an LLC?

LLC stands for Limited Liability Company.  The LLC is an increasingly  popular choice among the various forms of business entities available for the small business owner when it comes to forming a company.  A single Member LLC can either be a sole proprietor for IRS purposes, or elect to be treated as an S-corporation.

Multi-member LLCs are treated as a partnership or can elect to be treated as an S-corporation. LLC Limited Liability Company

The LLC as the name implies, provides some limitations on the liability for actions of the company. When it comes time to select the optimum formation for your small business it is usually best to confer with your CPA because the way the different entities are taxed is often an important factor in choosing the best format for you.

DiSalvo & Company, CPA has specialized knowledge in taxation of small business, and can help you identify the best manner of formation for your business.  DiSalvo and Company, CPA maintains offices in Melbourne, Titusville, and Vero Beach.  If you are in the early stages of forming your new business, please call DiSalvo and Company, CPA at 772-770-6008 to schedule your free consultation. It may just save you thousands.

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Sebastian – Vero Beach Metro Area Ranks #1 in Income Inequality.

According to 24/7 Wall Street website, the Sebastian – Vero Beach metro area, ranks number one in the country for wealth inequality as measured by the governments Gini Index.Scales Of Justice

Gini Index: 0.5610
Median income: $40,413
Poverty rate: 17.2%
Pct. with income over $200,000: 7.1%

Statistics from 2012 show that while 7.1% of households earned more than $200,000 last year, among the higher rates in the nation, no metro area had a greater degree of income inequality than the Sebastian-Vero Beach metro area. In 2012, 33.8% of all household income earned belonged to the wealthiest 5% of households, a higher percentage than any other metro area in the United States. At the same time, the median household income in the area was just over $40,000, versus slightly more than $51,000 nationwide. Further, more than 19% of residents do not have health insurance, well above the national rate of 14.8%.

To learn more about this interesting local statistic, please see the article at http://247wallst.com.

DiSalvo And Company, P.A. is a Vero Beach CPA firm providing comprehensive accounting and tax services for businesses in the Vero Beach area. We are a well-respected firm with a reputation for expertise and integrity.  We also maintain offices in Melbourne, and Titusville, FL.

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