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Who Has to File FBAR?

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More of US citizens today are either living abroad or have businesses in other countries. The number of foreign accounts held by US citizens outside the US is also increasing every single passing day as they continue to grow their businesses. The foreign accounts may be kept for banking, pension or investment purpose. However, as a law abiding citizen of the US, one needs to report their foreign accounts to …

Robert AcevedoWho Has to File FBAR?
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7 Essential Tax Tips for Uber Drivers

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All Uber drivers should know that when it comes to paying taxes to IRS, they are not considered an employee of the ride-sharing company. Instead, the US tax authority considers them to be independent contractors. This impacts not just the way the tax is filed but the amount of tax and exemptions that can be availed by the drivers.

If you have registered as a driver for Uber, you should …

Robert Acevedo7 Essential Tax Tips for Uber Drivers
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Best Tax Tips for Small Business

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For a small business, the end of the year means a lot of things. From thinking about and determining what you want to achieve the coming year to beginning on the goal setting process. You also are in the middle of holiday shopping for your colleagues, clients, vendors and employees. And the end of the year signifies the time for one of the most important tasks, the task of closing …

Robert AcevedoBest Tax Tips for Small Business
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When is FBAR Due?

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Nowadays, for a US taxpayer to have a bank account or investment in another country is quite commonplace. Unfortunately, keeping your money tucked away in a foreign account somewhere does not mean you get to skip informing the authorities – in this case, the US Treasury Department. You may have heard of the need to file an FBAR, which stands for, “Foreign Bank Account Report”. As the name implies, all …

Robert AcevedoWhen is FBAR Due?
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How A Tax Return Works

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The following are the basic steps that taxpayers need to follow when they are working their tax preparation.

  • Your gross income includes the wages, investment interest, pension and the salary that you get from your job. Begin by adding all the items that make up your income. If you have a job then your employer is responsible for sending you the W2 form. This form shows how much you made,
Robert AcevedoHow A Tax Return Works
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Amazon Seller CPA

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Amazon is one of the most popular online platforms for buying and selling goods. The online store earns billions of dollars every month of which a major share goes to the third-party sellers. One of the best programs introduced by the online retail giant is Fulfillment by Amazon (FBA). The program allows you to sell products without investing in any physical infrastructure to store and transport them. The products are …

Robert AcevedoAmazon Seller CPA
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Why Small Business Owners Should Hire a CPA in Kissimmee

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Certified public accountants can be a valuable asset for a business owner. These accounting professionals are essential for all types of businesses–both big and small. Hiring the right CPA in Kissimmee can help business owners save a lot of time and money in managing financial information. They can help during various stages of business growth.

The right CPA in Kissimmee will not only help in filing taxes, but will also …

Robert AcevedoWhy Small Business Owners Should Hire a CPA in Kissimmee
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How to Open a Business in Lake Nona, FL

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Florida is known as a fantastic holiday destination the world over. Millions of local and international visitors flock to the sunshine state every year. The state is also a great place to start a business. Whether you are thinking of moving your business to the state, or are considering putting the entrepreneur hat on for the first time, Florida will be perfect for you.

The best thing about starting a …

Robert AcevedoHow to Open a Business in Lake Nona, FL
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How to Set Up an LLC in Florida the Easy Way

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If you’re wondering how to set up an LLC in Florida then we have just the right answers for you. The main issue is that setting up an LLC in Florida is not an easy task. In fact, it is a highly intricate process that requires you to be as precise as possible.

If you need help setting up your Florida LLC, please call us at 407-344-1012, or email us …

Robert AcevedoHow to Set Up an LLC in Florida the Easy Way
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How to Become a 501C3 in Florida

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According to the US Internal Revenue Code, the non-profit organizations are exempted from paying the tax by law. These organizations are noted as 501c(3). The privately operating foundations, and public and private charity foundations are included among the 501C3 organizations.

Before understanding how to become a 501C3 in Florida, it is more important to understand that some other organizations are also listed as 501C organizations. These categories include 501C1, 501C28,and …

Robert AcevedoHow to Become a 501C3 in Florida
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