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My Central Florida Small Business Health Quiz (Part 1)

My Central Florida Small Business Health Quiz (Part 1)

Last week, when I wrote my message to our Central Florida business clients, the biggest news was the second round of the PPP, and that expenses covered under the first round of it would be tax deductible.Has anything happened since then?Goodness, even just the "mere"...

Ultra Last Minute Tax Moves for Central Florida Businesses

Ultra Last Minute Tax Moves for Central Florida Businesses

It's going to take us many weeks to digest everything in this massive omnibus of a relief bill that the President signed on Sunday night.And with year-end barrelling at us (2021 is on FRIDAY), it's unlikely that we will be able to make substantive action on your...

IRS Audits Planned To Increase 50% In 2021 by Kimberely Bates

IRS Audits Planned To Increase 50% In 2021 by Kimberely Bates

So, this is flying under the radar in the ending of 2020 ... an IRS official just publicly stated that they are massively ramping up audits next year.It was at an event for the AICPA (American Institute of Certified Professional Accounts), and it happened Tuesday:“The...

Kimberely Bates’ Annual Holiday Prayer

Kimberely Bates’ Annual Holiday Prayer

Well, Congress seems to have heard the cries of the huddled masses of SMB's around the country, and more PPP funding is (seemingly) on the way.Details aren't finalized yet as of this writing, so I will have more to say on these matters in future weeks.Even these early...

Bates’ Guide To Getting Tasks Done

Bates’ Guide To Getting Tasks Done

Maybe I'm writing this today because we're very much feeling the end-of-year crunch here at Team Central Florida Tax Solutions.Really, we only have a few business days left before 2020 is in the rearview. Yes, my heart wants that to happen YESTERDAY, but my business...

An Important PPP Loan Update For Central Florida Business Owners

An Important PPP Loan Update For Central Florida Business Owners

There's both good news (for some) and bad news (for many) as we round the corner into December.And I'm not talking about our culture, or politics, or sports, or anything like that.I'm talking about TAXES.I'll start with the good news. This is applicable to some of my...

Kimberely Bates’s Reasons for Gratitude for 2020

Kimberely Bates’s Reasons for Gratitude for 2020

With all of the insanity of 2020, it seems a bit crazy (and a bit of a relief, to be frank) that we now find ourselves in Thanksgiving week in Central Florida.I have some thoughts, which are perhaps a bit more meditative than normal, because of how this holiday works...

8 Important Steps for Central Florida Non-Profits Before Year-End

8 Important Steps for Central Florida Non-Profits Before Year-End

With the increased standard deduction this past year ($12,400 single, $24,800 married filing jointly, $18,650 head of household), some smaller charities began to see a decrease in donations.This year might be worse.Yes, I hate to be the one to say these things, but...

The Seven Primary Tasks For Any Central Florida Business Team

The Seven Primary Tasks For Any Central Florida Business Team

A week past the election, and still plenty of disagreement about the results.That means this is another week where you have the opportunity for the other chumps out there to get massively distracted by the political war games ... while you go about quietly building...