May 20, 2012
Premium personalized bookkeeping and tax services for business and individuals
With an emphasis on personalized attention for the small business or the individual, Sunset Accounting offers a full array of services to suit your needs. Check out our services menu for all the details. And to keep up with all the breaking news on the tax front and how it affects you, visit us HERE often or SIGN UP to have our monthly newsletter delivered to your email free of charge.
Proudly serving Tampa Bay since 1990
Are you being squeezed too much by your payroll service?
Let us show you how to save on payroll processing AND get the best service in the business.
So you want to start your own business, but......
Does the thought of what it takes to get started scare you? Relax and check out our StartupPlus service. One stop....one day.....one less thing to worry about.
The Business Owners Dilemma..... Good bookkeeping and accounting is vital to the success and operation of your business. Yet, it seems to take too much time to keep a handle on - time you could better spend on actually running your business and managing its growth. But turning it over to accounting and bookkeeping firms can be expensive, right? With all the hidden charges and impersonal service? You don't have to choose between "efficient" and "affordable". Check out our menu of available services and packages tailored for what you and your business need.
Are you delinquent in filing your tax returns?
Help yourself by filing your past-due federal tax returns.Most people voluntarily file their tax returns and pay their taxes —they want to pay their fair share and get a refund, claim a credit or avoid breaking the law.
Why do some people fail to file their tax return?
IRS research shows that sometimes people don’t file due to:
• a change in their filing status resulting from the death of a spouse, divorce or other life-changing event;
• emotional or financial reasons; or
• procrastination.
What are the consequences of not filing?
Unfortunately, failing to file a return can create additional problems, including the possibility of costing
you money. Here are some things to consider:
• Failure to file penalty – If you owe taxes, a delay in filing may result in penalty and interest charges
that could increase your tax bill. The longer you delay, the larger these charges grow.
• Losing your refund –There is no penalty for failure to file if you are due a refund. However, you cannot obtain a refund without filing a tax return. If you wait too long to file, you may risk losing the refund altogether. In cases where a return is not filed, the law provides most taxpayers with a three year window of opportunity for claiming a refund.
• EITC – If you are entitled to the Earned Income Tax Credit, you must file your return to claim the credit even if you are not otherwise required to file. The return must be filed within three years of the due date in order to receive the credit.
What should you do?
Whether you are just one year behind or several, its never too late to catch up and "get back into the system". Sunset Accounting will prepare and submit those returns and work to minimize or even eliminate the late-filing penalties that IRS will surely charge. Call or email today to set up a free consultation. We've handled hundreds of these type situations over the years, helping our clients to sleep better at night knowing this is behind them. Let us help you too.
How does the tax compromise agreed to by President Obama and the Congress effect you?
Find out by clicking here !
Effective for tax years beginning on or after January 1, 2012, the Florida corporate income tax exemption was increased from $5,000 to $25,000. This will eliminate the tax on corporations with $25,000 or less in Florida income. However, this does not change the corporate income tax filing requirements and all corporations are still required to file Florida corporate income tax returns.
FLORIDA MINIMUM WAGE
The 2012 minimum wage in Florida is $7.67 per hour, effective January 1, 2012, with a minimum wage of at least $4.65 per hour for tipped employees, in addition to tips.
How to make sure you don't come up short next April.....or how to plan for that refund!!
Each tax season, one of the more frequent questions we get is, "How can I make sure my withholding is correct, so I won't owe next year?"
Use the withholding calculator below, answer the few questions it asks, then make sure the results it reports to you are reflected on the W4 form you submit to your employer. It's just that easy!!
