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| Ph: 813-835-0158 Fx: 813-835-0848 Email Us! |
Good News for Procrastinating Home Buyers
In the last three years, the home buyer tax credit
first signed into law by President Bush has been
expanded and extended multiple times. 3 million
home buyers have already taken advantage of the
tax credit and more plan to follow as President
Obama has extended the credit yet again. Qualified
home buyers need to have signed a purchase
agreement before May 1st, but the new legislation
extends the original closing date of June 30th to
September 30th.
Getting Paid for Healthy Employees
Provisions in a new reform law offer attractive
rewards for small businesses that offer employee
wellness and prevention programs. Starting next
year, $200 million in grants is available for
businesses that launch programs that concentrate
on issues such as nutrition, stress management,
smoking cessation or physical fitness. To qualify,
the small business must have fewer than 100
employees. Additionally, in 2014 the grants will
allow employers to offer participating employees
reward payments of up to 30% of their insurance
coverage costs.
Deadline Approaching
It's that time again! Federal and State Quarterly
reports are due at the end of July. Most employers
are required to file these reports and pay the taxes
four times a year. Late filings could result in
penalties and interest. Here's a few tips:
In the last three years, the home buyer tax credit
first signed into law by President Bush has been
expanded and extended multiple times. 3 million
home buyers have already taken advantage of the
tax credit and more plan to follow as President
Obama has extended the credit yet again. Qualified
home buyers need to have signed a purchase
agreement before May 1st, but the new legislation
extends the original closing date of June 30th to
September 30th.
Getting Paid for Healthy Employees
Provisions in a new reform law offer attractive
rewards for small businesses that offer employee
wellness and prevention programs. Starting next
year, $200 million in grants is available for
businesses that launch programs that concentrate
on issues such as nutrition, stress management,
smoking cessation or physical fitness. To qualify,
the small business must have fewer than 100
employees. Additionally, in 2014 the grants will
allow employers to offer participating employees
reward payments of up to 30% of their insurance
coverage costs.
Deadline Approaching
It's that time again! Federal and State Quarterly
reports are due at the end of July. Most employers
are required to file these reports and pay the taxes
four times a year. Late filings could result in
penalties and interest. Here's a few tips:
- Make sure to get your accountant all
necessary documents to complete your
second quarter payroll reports in a timely
manner. This could include bank statements,
check registers, payroll tax deposits, and
payroll summaries. - Your accountant needs the updated tax
rates sent to you by the Florida Department
of Revenue.
Think On It: Energy Rebates
Much like the previous "Cash for Clunkers"
program, the government's Cash for Appliances
program offers taxpayers rebates from $50 to $500
for trading in energy-wasting appliances for more
efficient ones. However, there are a few issues to
think about before you run out to the nearest
appliance store.
Click here to download our newsletter for more
on these following articles:
Is a MidYear Tax Check Up Right for You?
Hire Employees, Receive Tax Breaks
Employees Liable for Company Credit Cards
Stimulus Cash Running Out
Much like the previous "Cash for Clunkers"
program, the government's Cash for Appliances
program offers taxpayers rebates from $50 to $500
for trading in energy-wasting appliances for more
efficient ones. However, there are a few issues to
think about before you run out to the nearest
appliance store.
- The rebates are given out on a first come,
first served basis. And Florida's program
remained open only 36 hours before running
out of money. - Most states offer their own programs. Check
out Florida's Incentives here. - Taxpayers will be able to claim a $1500
federal tax credit for many energy related
improvements. Also, rebates may be soon
available under the proposed "Cash for
Caulkers" which has already been passed by
the House. - Choose your energy saving spending wisely.
Perform a home energy audit and figure out
what projects will generate better savings.
Click here to download our newsletter for more
on these following articles:
Is a MidYear Tax Check Up Right for You?
Hire Employees, Receive Tax Breaks
Employees Liable for Company Credit Cards
Stimulus Cash Running Out
| Summer 2010 News |
| Summer Specials 20% OFF Mid Year Tax Check Ups $99 Incorporations 2 Months FREE on Payroll Service Download Flyer HERE |