by Mark | Nov 20, 2020 | Business
Business taxes are complicated, and any year can bring surprises for small business owners. However, with the sweeping economical impacts of the COVID-19 pandemic, many will want additional support when filing their 2020 taxes. Find out what to expect after this...
by Mark | Nov 20, 2020 | Business, client, Tax Deductions
How is a Home Office Deduction Applied to Business Taxes? Are you a small business owner who often uses your home office routinely and exclusively for your business operations? If so, you may be eligible for home office tax deductions. Besides...
by Mark | Nov 13, 2020 | Business, client, PPP Loans
PPP Loan Forgiveness Guidelines On March 27th, 2020, the U.S. Congress approved a relief bill, better known as the CARES Act. This created the Paycheck Protection Program (PPP) that provides for forgivable loans to Small Business Administrations (SBAs), to...
by Mark | Nov 6, 2020 | Business, Tax Deductions
Qualified Business Income Tax Deductions Getting the lowest tax liability is not a skill you need to learn to file taxes. It’s more about what you know and how to apply it. However, many taxpayers miss out on tax deductions and credits simply because they are...
by Mark | Oct 27, 2020 | Business
One absolute must for running a small business is competent financial management. Without it, you risk everything you’ve worked so hard to build. Depending on the size of your business, its assets and cash flow, you have a range of options for who can handle your...
by Mark | Oct 22, 2020 | Business
Retiring as a business owner is more complicated than retiring from a typical job. In addition to ensuring that you have adequate retirement income, at some point you will need to transfer your business. Whether you plan to liquidate your business assets, sell your...
by Mark | Sep 30, 2020 | Business
Whether you’ve recently started your first business or are a seasoned business owner, a knowledgeable guide can make your journey much smoother. Sometimes you struggle with how to meet your profit goals, while other times, rapid expansion causes growing pains. Other...
by Mark | Sep 24, 2020 | Business
For businesses that have temporarily closed or scaled back operations during 2020, the prospect of restoring full operation holds a great deal of uncertainty. Predictions and opinions abound, including whether and for how long the U.S. was officially in a recession,...
by Mark | Sep 9, 2020 | Business
A recession is defined as a period of economic decline, one that historically lasts, on average, four to five years. During a recession, businesses may scale back operations or close their doors altogether. It doesn’t have to be all gloom and doom, though. A...
by Mark | Aug 21, 2020 | Business
Clearwater is an excellent location to start a business, thanks to its proximity to other large Florida cities and its variety of successful industries. At FMA C.P.A., we see many small businesses take off and thrive in Clearwater and surrounding Pinellas County and...
