Have Your Been Tracking Your Expenses?
Tax Time is going to be here before we know it. If you aren’t tracking your expenses it’s going to make preparing your taxes more difficult and dare I say frustrating. Before the holiday press begins, please take a moment and look through your credit card statements and receipts and begin to list your expenses. Continue reading
A Little Advice From a CPA About Getting Married
I know it’s not even Halloween just yet, there are a couple more weeks to go, but there are some of you who may be thinking about getting married next year. Perhaps even considering purchasing that engagement ring in time for Christmas or New Years? There is lots of advice about how much you should spend on the engagement ring, and on your wedding. Let me be the first to say that I understand how things can get carried away in the heat of the moment, but if there is anyway to plan ahead without creating undue stress, I would strongly advise it. Continue reading
Payroll Services for Your Company
Here at DiSalvo and Company we not only offer tax and financial services, we also offer Payroll Services. Payroll entry for a growing company can be a headache that just doesn’t go away with aspirin. There are each employees wages and time sheets to track. Taxes need to be withheld and companies are also charged with paying their own portion of taxes. In some instances 401k contributions, savings and other deductions must also be carefully input.
If you don’t have someone on your staff who has been properly trained on how to process payroll, their could be costly mistakes made and lots of frustration. For many small businesses payroll is an inefficient and overwhelming task that can require resources your company can’t afford to invest. Outsourcing this critical function can actually save your company money and lighten your work load.
At DiSalvo And Company, P.A., a Vero Beach CPA firm, we’ll ensure your employees get paid on time and your payroll taxes are prepared and submitted on time. Don’t waste another minute trying to figure out confusing federal and state payroll tax laws. Our expert payroll solution is designed to ease your burden and free up your time to manage your Vero Beach business.
Our payroll services for small businesses include:
- Preparing the payroll
- Preparing W-2s and W-3s
- Preparing 1099s
- Federal and state payroll tax filings
- Worker’s compensation audits
- Unemployment claims
We customize our payroll service in order to meet the needs of your business. You no longer have to be concerned with penalties or late notices or just the weekly headache of Payroll.
Pete DiSalvo, CPA
Vero Beach, Melbourne, Titusville
CPA – DiSalvo Logo
September 15th is Almost Here
You may say :”Pete, why should I care about September 15th?” If you are one of my regular clients, I have you on notice, but if you aren’t one or we have somehow missed you, this is why September 15th is important: September 15 is the extended due date for partnership, S-corporation, and trust tax returns. If you filed an extension earlier this year, then your time is now up!
From the Tax Cut website:
September 15
File a 2015 calendar year income tax return (Form 1120) and pay any tax, interest, and penalties due. This due date applies only if you timely requested an automatic 6-month extension. Otherwise, see March 15.
Deposit the third installment of estimated income tax for 2016. A worksheet, Form 1120-W, is available to help you estimate your tax for the year.
And Just FYI, here are all of the dates that were important this past year, and will likely be just as important for 2017..
“Tax Calendar 2016 Federal Due Dates
September 15
File a 2015 calendar year income tax return (Form 1120) and pay any tax, interest, and penalties due. This due date applies only if you timely requested an automatic 6-month extension. Otherwise, see March 15.
Deposit the third installment of estimated income tax for 2016. A worksheet, Form 1120-W, is available to help you estimate your tax for the year.
December 15
Deposit the fourth installment of estimated income tax for 2016.
Remember, for all of your Tax Preparation needs, whether you are an individual, a partnership, an S-Corp, and LLC or a Corporation, or a Trust, we have highly skilled accountants here at DiSalvo and Company
Pete DiSalvo, CPA
CPA – DiSalvo Logo
The “Slow Season” Is a Great Time for Planning
Along the Treasure Coast and up into the Space Coast, summer used to be our slow season. The people who live here part of the time traditionally return to somewhere up North or oversees and we have this beautiful coastline all to ourselves.
That situation has begun to change over the past five years. There are more full time residents moving into the area. Homes are going up all over the two counties and Realtors can’t get listings fast enough to satisfy the demands for housing.
Still, for some of our clients, this time of the year they get a little breather. It is the perfect time to take stock of where their businesses are financially, what their new goals are, and what steps they need to take to get to the next level.
Pete and his staff can help you plan for the future, and stream line the company tasks by taking over things like Payroll and Bookkeeping. We have the tools to put you on the path.
The first thing we need to determine is what is currently working well for you. Is it print advertising, word of mouth, networking, website and social media, or perhaps a combination?
Next, we work to figure out who your most profitable customers are, and how we can get more of them.
Third, who are the customers you want that you aren’t getting? Is your image consistent with the value of your services? Sometimes a business doesn’t need MORE customers, they just need customers who are willing to pay more for a higher quality of service.
Give us a call..it’s a great time of year to take stock and ramp up for next year!
Pete DiSalvo
CPA – DiSalvo Logo
What Do We Do When Tax Season Has Passed?
I think that some people are under the misconception that when their tax returns have been completed and filed that everyone in the DiSalvo and Company CPA Offices just goes on vacation. While that might be a nice idea, other than perhaps taking a day or two off after tax season, we are here, ready to work with you during the remainder of the year. Continue reading
Why Start Your Own Business?
CPA – Reception
I can tell you why I started my own business. I like controlling the quality of the work I do.I like the feeling of accomplishment I get with a job well done. I like surrounding myself with good people whom I have chosen to hire and associate my name with. Continue reading
Student Debt
Since the year 2000, the number of students who took out loans to pay for their education rose to 42 million. The dollar amount is now approaching 1.1 trillion dollars. It is believed that the recession caused more students to borrow than would have normally. Continue reading
The Scoop on Workman’s Comp
Workman’s Compensation rules and regulations vary from state to state. What stays the same, however, is that each employer with a certain number of employees MUST carry Workman’s Comp. In Florida, if have a company, other than construction company, and have four (4) or more full-time or part-time employees, our laws state that you are required to carry workers’ compensation coverage. Continue reading
Proof of Health Insurance
Last year was the first full year for the mandatory health insurance coverage. Have you received proof that you had Health Insurance in 2015? If not, better call your insurance provider and obtain a copy of the form BEFORE you file your tax returns or you will be hearing from the IRS.
This is from the Blue Cross Website:
“Starting this year, you will need to show proof that you had health insurance in 2015 when you file your taxes. It’s called Form 1095, and you may receive one or more versions of the form. If you purchased health coverage through the government’s Health Insurance Marketplace, you should have received Form 1095-A from the Marketplace—not your health insurer—by Jan. 31, 2016.
This form will include the information you need to calculate your insurance premium tax credit. You’ll use the information on Form 1095-A to fill the Florida Blue Form 8962. You will need to include Form 8962 with your tax return. If you purchased a health plan directly from a health insurance company like Florida Blue, or have coverage provided by an employer, you will receive either (or both) Form 1095-B or Form 1095-C from your health plan provider and/or employer.
Florida Blue members will receive their Form 1095-B in the mail by March 31. This form shows that you were enrolled in minimal essential coverage in 2015. You can use this form as a reference when you filling out your tax return, but you do not need to file the form with your tax return”
Several of my clients neglected to have that information at hand last year. Please make certain you order them in time this year. The penalties for not obtaining health insurance are no joke.
Pete DiSalvo, CPA
Vero Beach, Titusville and all areas in between.
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See more at: https://www.floridablue.com/blog/dont-forget-to-check-this-box-on-your-2015-tax-return?utm_source=newsletter&utm_medium=blog&utm_campaign=spring2016u65&S1=109309251&RTC=8859900010501#sthash.ZOq37Skx.dpuf
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