Melbourne

Set Up Payroll With Us

DiSalvo Accounting does Payroll, Calculate payroll for employeeSmall business owners have to wear many hats, trying to also be an accountant and a payroll expert can be one too many. Instead, have someone you can trust take care of your books and your employee payroll for you.

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 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, to meet the needs of your business. No more penalties or late notices to deal with.

Send us an e-mail or call us today at 772-770-6008 to discuss your payroll processing needs with an experienced Vero Beach CPA.

Pete DiSalvo

Melbourne - Titusville - VeroBeach - Certified Public Accountant

Stick With Your Core Business

forensic accountant vero beach, FloridaRunning a CPA Firm is something I love. Most of my clients only come to me at Tax Time, and that is okay, but another part of my business which is more challenging and rewarding is helping people to build and grow their business.

So often, once these business owners begin to experience some degree of success, they get carried away and move beyond their core business. As someone who sees the financial workings of businesses, I can tell you that while expansion works well in some instances, often what it really does is dilute the core of their businesses.

Sometimes, when I offer advice about this subject, business owners will listen, but sometimes they don’t and it’s sad to watch a business that was once thriving begin to struggle. This article in Inc. magazine speaks to the fact that every so often a business owner gets it. Do what you do better than anyone else, keep service levels high, and stick to your core business:

Alli Webb’s mobile hair-styling business led to an idea for a salon that offers only wash and blow-dry services. Since it opened in 2010, Drybar has become so successful–with 42 salons nationwide and counting–that the copycats are proliferating. Webb explains how she stays ahead of the pack.

–As told to Liz Welch

From the beginning, we’ve stayed very true to what we do–give great blowouts. Many investors have said, “We have this captive audience. That’s a huge opportunity to sell a lot of other things.” I’ve always resisted that–and I think it resonates.

Our clients know they’re not going to be pitched to or bombarded by our stylists to buy products. It’s hard to be really great at a lot of things. I have never entertained the idea of adding on services–but I have seen all of our competitors do that. Let them.

From an outside perspective, the barriers to entry appear very low: Hire stylists, build a space, and you have a blow-dry bar. But we have spent a lot of time and money to make the experience great, which includes everything from the spacing of our chairs to the lighting and the iPhone chargers at each station. We could put up to 10 more chairs in most salons, but we don’t, because the space is built in a special way, so it feels like you are sitting at a bar. “

So remember, working hard and building your business on sound financial underpinnings is a great dream. Just don’t stray too far from the business model that brought you success in the first place.

Pete DiSalvo CPA

Vero Beach Certified Public Accountant

CPA – DiSalvo Logo

 

 

 

Juggling the Demands of a CPA & Family

business advice, book keeping, quickbooks consulting, new business owners Vero Beach Who among us does not know of a CPA or Tax Accountant whom you never see from December to April 16th? In our firm many of us have families and during Tax Season it is extremely difficult to carve out the kind of family time  we would normally have the remainder of the year. From Accounting Today, a post written by CARL ALLEGRETTI hit a nerve with me. Not all of you reading this will be accountants, but man or woman, Mom or Dad, we all have those times when work gets busy and it is difficult to balance the demands of work and the time we need with our families and children.

1. Set thoughtful priorities: As busy season comes around, your time becomes more and more precious as client work increases and deadlines need to be met. With all the demands on your time, something has to give. Focus on setting thoughtful priorities—both at work and in your personal life.

To find the right balance, I look closely at what my top priorities are in and out of the office. For me, family comes first. In order to find the time to coach and attend my sons’ sporting events, I stopped playing golf because I couldn’t justify the amount of time on the course.

2. Plan ahead: Many of us are great at planning when it comes to work. We have a laid out plan for all the things we want to get done. This approach becomes all the more important during busy season.

Don’t forget to also plan for personal time, which isn’t always easy given your professional demands. With careful planning, anything is possible—and that includes using your vacation time before and after peak periods of work. Like an elite athlete, we all must rest, recuperate and reenergize during the year.

I found that when I acknowledged that my personal life was as big a priority to me as my career, it became much easier to effectively plan my life outside the office. I now schedule my calendar up to a year in advance to make sure my personal and professional priorities are locked in.

3. Personal health: Taking care of yourself should be a big priority. If you are not healthy, juggling multiple tasks can become difficult. Getting enough sleep, eating right and keeping active are important in managing stress. The number one way to train the brain is physical exercise, and studies have repeatedly shown that physical activity keeps your brain healthier and stronger.”

Take the time to make a plan for your busy time. Don’t forget to carve out some time for your family and yourself no matter how busy things get.

Pete DiSalvo

CPA

Melbourne - Titusville - VeroBeach - Certified Public Accountant

 

June 16th Tax Deadline.

June 15th is ordinarily  the date that  second quarterly estimated tax payments are due, if you are self employed.  This year June 15th falls on a Sunday so this year, Monday the 16th takes on added significance.  If you are not sure whether, or how much  you should be posting for quarterly estimated payments, last week would have been a great time to Give Pete DiSalvo a call.

If you tax preparation-VeroBeach-Melbourne-Titusville-FLare still not sure at this point,  we invite you to call Pete right now! The sooner you answer this question the more Pete can do to help you minimize your taxes along with any penalty for underpayment.

Pete DiSalvo specializes in working with small businesses to help maximize profits and minimize taxes.

For those of you who like to plan ahead, September 15th is the 3rd tax deadline… Is your business ready?

Usually during the rush of tax season you have to decide upon what to base your 2014 estimates. You would have considered the safe harbors and chosen the one that best fits your circumstances at the time.

Click & let us answer all your tax questions!

Self employed taxpayers pay estimated taxes to avoid a penalty for underpayment of  tax liability. The Internal Revenue Service requires taxpayers to pay the lesser of 110% of the prior year tax or 90% of the current year tax. Generally it is easier to calculate 110% of your 2013 than to estimate 2014 income.

Now that five months of the year have passed you may have a clearer picture of your income for the year. If there has been a significant change from what you used for the first quarter estimate a re-calculation now could either save you cash flow (if you will owe less) or give you an opportunity to start paying that April 15, 2015 liability now if income is higher.

If you think there is a change in your income and would like to explore with us the possibility of a change in your estimates, please click to take advantage of our Free Consultation.  Don’t forget, Pete DiSalvo is the Dave Ramsey endorsed tax expert for small business.

Melbourne - Titusville - VeroBeach - Certified Public Accountant, forensic accounting

Northrup Grumman Set to Bring Jobs to Brevard CO.

Brevard County, Florida (May 8, 2014) – The Economic Development Commission of Florida’s Space Coast has announced that Northrop Grumman Corporation has selected Brevard County for a sizeable expansion that could add  up to 1,800 jobs at full program capacity with an average salary of $100,000 per year.

The effort, known as Project Magellan , is the largest economic development project in the country in terms of job creation numbers and average wage associated with employment. Northrop Grumman plans to invest approximately $500 million in new capital investments at the Melbourne International Airport.

This is a huge victory for families on the Space Coast, “We are excited that Northrop Grumman has decided to expand here in Florida, which could bring up to 1,800 new jobs to Brevard County. We’ve worked to grow jobs and opportunities for Florida families by cutting taxes, paying down debt and cutting government waste – and this announcement is a testament to our success in creating an opportunity economy. This is a huge win, and we’ll continue to build on this success with our recently completed legislative session where we cut $500 million in taxes and fees and made higher education more affordable for every family. These victories will attract more-and-more businesses to the Sunshine State. We must continue to grow our opportunity economy so that companies like Northrop Grumman can continue to create jobs for Florida families.”

~ Rick Scott, ” Governor of Florida

Northrop Grumman Jobs to Brevard, Melbourne, Titusville

The project will roll out in two phases.  Phase One will consist of the construction of an approximately 220,000 square foot building and the addition of 300 jobs by the end of 2015.   If phase one business objectives are achieved, the company will move on to Phase Two with the construction of an additional approximately 500,000 square foot facility and 1,500 more jobs.

Large scale projects like this one often bring much more positive  economic impact to an area like Brevard County than just the direct employment alone.  Each high salary job brings with it a ripple effect because employees have the resources to buy homes, and consume products and services offered by local merchants of all types and sizes.

We at Di Salvo, and Company CPA firm are very happy to hear this news.  DiSalvo and Company CPA, with offices in Melbourne, and Titusville Florida, specializes in providing book keeping, accounting, and tax preparation services for  local merchants so we are pleased to hear any news that may help to make our clients more profitable.  If you own a business in Melbourne, or Titusville, and you would like a free consultation with DiSalvo and Company about your business needs, please contact us at 321-269-0450, or 772-770-6008.
Melbourne - Titusville - VeroBeach - Certified Public Accountant- forensic accountant

Recipe: March Madness Mini Burgers

One of the downsides to being a CPA is that you don’t really have time to enjoy college basketball March Madness.  I have not had a spare minute to think about filling out a bracket.  I have been much too busy focusing on your brackets, tax brackets that is.  Someday maybe I will have a job that allows me the free time for that sort of thing, like maybe President of the United States.
Nevertheless,  we do enjoy the excitement we sense from our clients when we speak with them between games, about their tax returns.  Everyone is so excited at least until their own bracket is busted.   Our wish for each of you is that your bracket do at least as well as your next door neighbor.  I came across this recipe for a March Madness Meal that may help you get the most out of the madness experience.  Mange, mange!

March Madness Mini-burgers.

 

March Madness Mini Burgers from Pete DiSalvo & Co, CPAIngredients: Basketball Cheese Slices: 6 slices cheddar or American cheese black food coloring
Fried Potato Rounds:
3 russet (Idaho) potatoes
1/4 cup vegetable oil
1/2 teaspoon table salt, plus a pinch
Mini Hamburgers:
1 slice of white bread, crusts removed
1 1/2 tablespoons milk 1 tablespoon ketchup (or steak sauce)
1/2 teaspoon salt
pinch of black pepper
1 pound ground chuck 1-2 teaspoons vegetable oil
Optional toppings:
lettuce
small tomatoes, sliced, need 22 slices

Special equipment needed:
thin tip paint brush (used for food only)
Mandoline Slicer or a knife 2″ round cookie cutter, and a 1″ or 1 1/2″ round cutter
heavy duty baking sheet
non-stick aluminum foil griddle, skillet, or grill pan

– See more at: http://www.hungryhappenings.com/2011/03/march-madness-mini-cheeseburger-recipe.html#sthash.QfLjB1xZ.dpuf

Instructions

Use  1 1/2″ round cookie cutter to cut 22 rounds from the cheese slices.  Pour a few drops of black food coloring into a small bowl.  Dip fine tip paint brush into the food coloring.  Paint seam lines onto each cheese slice creating basketballs.
Move an oven rack to the lowest position.  Preheat oven to 475 degrees Fahrenheit.
Wash potatoes.  Cut, using a mandolin or a knife, into 3/8″ thick slices. Use a 2″ round cookie cutter, to cut rounds from each potato slice.  Fill a mixing bowl with hot tap water.  Place potato rounds in water and set aside for 10 minutes. Remove potato rounds from water and set on paper towels.  Blot dry.
  • Dry out your mixing bowl.
  • Combine the vegetable oil and 1/2 teaspoon salt in the mixing bowl.
  • Line a heavy duty baking sheet with non-stick aluminum foil.
  • Pour 3 tablespoons of the oil onto the foil lined pan.
  • Use your hand to swirl the oil around to get an even coating all over the pan.  Be sure the get the salt evenly distributed.
  • Place potatoes in mixing bowl and toss to coat evenly with the remaining tablespoon of oil.
  • Lay potatoes in a single layer on the baking sheet.  Sprinkle a pinch of salt over potatoes.  Cover pan tightly with aluminum foil.  Bake for 10 minutes.
  • Remove foil and bake for 8 minutes.  Rotate pan 180 degrees and continue to bake for 8 minutes.
  • Remove pan and flip potatoes over.  Bake for 8-14 more minutes until golden brown.
  • Remove from oven and place potato rounds on paper towels to remove excess oil.
Tear slice of white bread into small pieces.  Place in a mixing bowl.  Pour in milk.  Use a fork to smash the bread into a paste. Add ketchup, 1/2 teaspoon salt, and pinch of black pepper. Stir to combine.  Add ground chuck and stir just until combined.
Scoop out 22 portions of meat and form patties into  2″ circles.  Heat one teaspoon of vegetable oil on a griddle pan, skillet, or grill pan until smoking.  Cook burgers in two batches until well browned on both sides. If serving these right away, set a piece of cheese on each burger after you flip it to cook the second side and allow the cheese to melt slightly. If preparing in advance do not top with cheese yet.
To reheat before serving, heat your oven to 350 degrees.  Place potatoes and burgers on a baking sheet and heat for 5 minutes.  Remove from oven and top burgers with a slice of cheese.  Heat just until cheese melts and burger is heated through. To assemble: set potato rounds on a serving platter and top with lettuce and tomato, if using. Then top with a cheeseburger. Serve immediately.  The burgers will remain moist because of the addition of the panade (bread and milk) even after being refrigerated overnight and cooked the next day.
I love to use  potato rounds as a “bun”, but you can use a bun, if you prefer.
To see complete  illustrated instructions here.

– See more at: http://www.hungryhappenings.com/2011/03/march-madness-mini-cheeseburger-recipe.html#sthash.QfLjB1xZ.dpuf

This March Madness recipe brought to you by DiSalvo & Company, CPA with offices in Melbourne, Titusville, and Vero Beach, Florida. Call the office ( as soon as the game is over) at 772-770-6008  to find out about their complimentary financial audit for your business.
Melbourne - Titusville - VeroBeach - CPA-Icon

1800 New High Paying Jobs for Melbourne, FL?

A large aerospace company is planning an operation at Melbourne International Airport that could mean 1,800 new jobs paying an average of $100,000 a year, according to documents filed Wednesday with Brevard County.

If a new project known as “project Magellan” goes through,  it will  bolster the Melbourne Airport’s image as a growing aerospace and aviation industrial power in Florida and the United States.  This project would be in addition to major projects already announced by Embraer Executive Jets and Northrop Grumman Corp..

Melbourne - New Jobs - DiSalvo CPAGreg Weiner, senior director of business development for the Economic Development Commission of Florida’s Space Coast has stated that “It is potentially one of the largest economic-development projects in the United States.”

The project is contingent upon some economic concessions by both the county, and the state of Florida.

Documents provided to county commissioners indicate that if  Project Magellan is approved, it will involve “aircraft development work,” and would be broken down into two phases:

• Phase 1 would consist of construction of a 216,000-square-foot building and creating 600 jobs by the end of 2015.

• Phase 2 would include construction of an additional 500,000-square-foot building and an additional 1,200 jobs.

We encourage our readers to learn more about the proposed project and make your feelings know to your local representatives in Brevard County, and the state of Florida.

This news is brought to you by the CPA firm of DiSalvo And Company,P.A.  DiSalvo And Company, CPA provides the highest quality tax planning and accounting services to businesses in Vero Beach and maintains offices in Titusville, and Melbourne, Florida.  Our clients trust our professional advice and can be certain that the numbers we provide are always accurate and timely throughout not just the tax season but the entire year.

Send us an e-mail or call us today at 772-770-6008 to discuss your business needs with an experienced local CPA.

Melbourne - Titusville - VeroBeach - CPA-Icon

 

 

Riverside Theatre – A Vero Beach Gem

CPA firm, Vero Beach, Titusville, and Melbourne, FL

Have you taken in a performance at Vero Beach’s own Riverside Theatre.  You might be pleasantly surprised.   The theatre complex, built in 1973, cost about $1,5 million which was  raised entirely from private donations.  The inaugural season for the Riverside Thatre Acting Company began in 1985, and the theatre has since grown to be one of the largest producing professional thatres in the State of Florida.

If one does a Google search for the Riverside Theatre, one might be struck by the glowing reviews placed in third party travel and entertainment sites such as Travel Advisor, and others.

 

As a new visitor to Vero Beach I had no idea of the caliber of theatre here. We managed to get tickets for the Opening Night of South Pacific and were treated to a superb performance! The venue is beautiful, located in the Riverside Park with an art museum nearby. If you are visiting Vero Beach and are interested in attending a theatre event worthy of Broadway consider Riverside!”

~anon

Riverside Theatre - CPA firm  Vero Beach, Melbourne, TitusvilleReviews like this one can’t help but cause you to feel some hometown pride in our local Vero Beach gem.  In addition to the main theatre, the Riverside Theatre complex added the Agnes Whalstrom Youth Playhouse, which provides a venue for a the Riverside Children’s Theatre, along with The Anne Morton theatre, a second stage to host the Actor’s Cabaret.

As if a year round calendar of quality theatrical fare is not benefit enough, the Riverside Theatre also offers other programs throughout the year like Luncheons, the Festival of Trees, Breakfast with Santa,  Distinguished Lecturer Series featuring nationally know speakers such as President George W. Bush earlier this year.

If you are still under the impression that you must travel to New York City to enjoy a first class Theatre experience, we encourage you to check out the local fare and support the tremendous efforts put forth to bring excellent entertainment right here in Vero Beach, at the Riverside Theatre. Even if you must drive down from Titusville, or Melbourne, we believe you will be glad you did.

DiSalvo And Company, P.A. is a  Treasure Coast CPA firm, with offices in Vero Beach, Titusville, and Melbourne,  providing comprehensive accounting and tax services for businesses in the Treasure Coast and Space Coast area of Central Florida. We  are the  Dave Ramsey endorsed local provider of Tax Services in your area.

Melbourne - Titusville - VeroBeach - Certified Public Accountant -forensic accountant

Is My Sinkhole Deductible?

If you are a Corvette fan, prepare to shed a tear.  A forty foot wide sinkhole opened up in the floor at the National Corvette Museum in Bowling Green Kentucky this week.  The  gaping hole swallowed eight vehicles including the one millionth Corvette to leave the assembly line at the Corvette factory next door.  Also swallowed up, were several other irreplaceable vehicles from Corvette lore.   Here is the list of vehicles that went under according to the museum:

  • 1962 “Black Corvette”
  • 1984 PPG pace car
  • 2009 ZR1 “Blue Devil”
  • 1992 white “1 Millionth Corvette”
  • 1993 ruby red “40th Anniversary Corvette”
  • 2001 Mallett Hammer Z06 Corvette
  • 2009 white “1.5 Millionth Corvette”
  • 1993 ZR-1 Spyder

Some of these vehicles are rare, or one of a kind, so establishing the value of the loss is difficult. The museum estimates that the damage will be in the millions.

 

So what if you are not a Corvette person?  Why should you even care about this?  Well, because sinkholes are not exactly an unknown phenomenon here in Florida.    As recently as January of this year, a sinkhole took out a portion of a  major roadway  in Ft. Pierce, Florida, just south of Vero Beach, Titusville, and Melbourne. Not long before that,  sinkholes claimed boats, swimming pools, and parts of home in communities not very far from us.

Is My Sinkhole Deductible?

The bottom line is that sinkholes are a part of life in this  part of our nation.  We need to be aware of the ever present risk, and take prudent steps to mitigate that risk as much as we can.  Perhaps a call to your insurance carrier might be a good start.  Ask about any options to limit your loss.  If you are unfortunate enough to sustain a loss due to a sinkhole, and you live in Vero Beach,  Titusville, or Melbourne, we recommend a call to DiSalvo & Co. CPA to find out if your sinkhole related casualty loss might be tax deductible.

DiSalvo & Company, P.A. is a Vero Beach based CPA firm with offices in Vero Beach, Melbourne and Titusville. We are dedicated to meeting the accounting and tax planning needs of small business and individuals throughout the Space Coast and Treasure Coast, with clients from Titusville to West Palm Beach.  Call DiSalvo & Company CPA today to schedule your free consultation at (772) 770-6008.

Melbourne - Titusville - VeroBeach - CPA-Icon

 

 

 

 

Do You Remember Vinyl?

I may be about to give away my age here, but I noticed a small shop in Vero Beach that buys and sells vinyl records.  Seeing this shop brought back memories of all the time I spent saving for, and shopping for, my favorite music on vinyl record albums.  There was something almost ceremonial about listening to a new album for the first time.   First you would remove the cellophane wrapper, and then carefully slip the shiny black disc out of the protective paper sleeve before placing it carefully on the platter of your turntable.   Then I would wipe the vinyl records, vero beach, titusville, melbourne, FLsurface with a special brush before lowering the tonearm into the outer grove for the first time.  Once the music began to fill the room, I would of course study the wealth of information, art, and images on the album cover.

Bedroom walls of the 60s and 70s were frequently lined with record albums.

I listened to vinyl records long after the compact disc came along promising the world “perfect sound forever.”   I stayed with vinyl largely because much of my favorite music was off the beaten path, and did not have a large enough of an audience to warrant re-release on the new digital format.  Others however stayed with vinyl because they were convinced vinyl just sounds better.   I must confess, I did not miss the pops and ticks that I could never eliminate from my vinyl rig, but I do believe that vinyl records were able to reproduce a degree of warmth and depth that was lacking in the new compact disc.

There is definitely basis in fact for the theory that vinyl sounds better.  Real music consists of sound waves that are continuous, and ever changing in frequency.  The groove in a vinyl record is able to reproduce those continuous waves.  Digital on the other hand samples the continuous waves at a fixed interval and only presents the value of the waveforms at those sample points in time.

Think of it like a connect the dots drawing. If you take a drawing of a beach ball.  At every half inch along the round ball you put a dot with the next number.  If you replace the curved line of the original beach ball drawing with  straight lines from dot to dot, you will end up with a shape that looks a little like a beach ball, but not as much as the original drawing.   In our analogy, the music is the original drawing of the beach ball, and the digital recording is the connect the dots representation of the music.

vinyl records - vero beach, titusville, melbourne.After moving all those albums a few times, I finally decided that digital music was probably good enough for me, but believe it or not, the market for vinyl never died. There are dedicated enthusiast still who keep vinyl alive.    Some of the more hip recording artists today are choosing to have their new work released on high quality “180 gram” vinyl albums.   Audio manufacturers exist who are dedicating much effort to perfecting playback for the vinyl purist. You might not even recognize  some of the more esoteric  turntables for what they are.

This state of the art turntable retails for $35,950. The tone arm pictured adds $9,500.  A suitable cartridge may add as much as $15,000.

It seems the major focus on music reproduction is now all about convenience rather than fidelity.  With each new medium, the music is compressed a little more, and loses some quality in the process.  Now that even the compact disc seems dated,  I think it is quite cool that the nostalgic record player, and the vinyl record has survived.

DiSalvo And Company, P.A. is a  Treasure Coast CPA firm, with offices in Vero Beach, Titusville, and Melbourne,  providing comprehensive accounting and tax services for businesses in the Treasure Coast and Space Coast area of Central Florida. We  are the  Dave Ramsey endorsed local provider of Tax Services in your area.

Melbourne - Titusville - VeroBeach - CPA-Icon