The Small Business Administration (SBA) Has a New Website and Two New Loan Programs
Get Money for your Business, visit the SBA Website to lean more about what programs work can for you. Call our firm today to help you navigate the waters of obtaining financing for your business. Contact 305-672-4272 or e-mail us at david@cpa-fl.com.
Read more information about this on the SBA Website:
Many Taxpayers may be wondering this filing season: “Where is My Refund? Due to the delayed start times to even begin to file tax returns for the 2010 tax year due to the “11th hour” December 17th, 2010 Tax Act, many taxpayers will need to wait until February 15th, 2011 to even begin to file their taxes.
Why? Because the December 17th tax Act caused the IRS to have to redo and completely revise several tax forms from scratch and republish them. Also, the IRS needs to reprogram their computers on a system-wide basis for the new tax rules put out on December 17th.
Among those who will need to wait:
1) Taxpayers who Itemize their deductions on Schedule A
2) Taxpayers who claim a deduction or credit for tuition expenses in 2010
3) Teachers claiming education expense deductions
These delays will affect taxpayers whether they file electronically or via paper returns.
For more information and help to to speed up your refund once tax returns are able to be filed electronically, please contact our office at: 305-672-4272 or via e-mail at info@cpa-fl.com
See the Whole Article from the Miami Herald: http://www.miamiherald.com/2010/12/28/1990773/filing-early-might-not-guarantee.html
RUNNING A SMALL BUSINESS REQUIRES ADMINISTRATIVE AND BOOKKEEPING DUTIES THAT CAN QUICKLY OVERWHELM MANY ENTREPRENUERS VERY QUICKLY
We often get asked if there are any good “Starting a New Business for Dummy’s” type books out there. While there are a few self-help books, (as well as a recently published one that is particularly good), they are often alone no substitute for good paid professional advice.
Our office may be of assistance for entrepreneurs to help get their businesses started off the right way and heading in the right direction.
We can also recommend one of our picks for a good new business start-up self-help book recently published that seems to stand out from the rest.
Should you have questions or need Business or Individual Tax Advice, or help with FIRPTA:
Our firm may be contacted at:
PHONE: (305) 672-4272 [4CPA]
E-MAIL: DAVID@CPA-FL.COM
WEBSITE: WWW.CPA-FL.COM
FOLLOW US ON TWITTER: @MiamiBeachCPA
Certified Public Accountant (CPA) Agreed-Upon Procedures Report for the Florida Film & Entertainment Industry Financial Incentive Program
For those in the Film Industry in Florida who create productions that have over a certain level of expenditures in Florida, the State of Florida currently offers a grant program to essentially give a rebate of up to 15% of the expenditures spent in Florida on that production – on payments to bona fide documented Florida residents and for payments made to businesses located in the State of Florida.
There are three major categories for the incentive:
1) General Production Queue
2) Commercial and Music Video Queue
3) Independent & Emerging Media Production Queue
Our office can serve as the CPA that can help verify that the submission meets the guidelines for submitting qualified expenditures for the Florida Film & Entertainment Industry Financial Incentive Program for any of the three major categories.
For more information and guidance from our office or assistance with the Agreed-Upon Procedures Report of a Certified Public Accountant required (of an independent third-party Florida-based CPA) to prepare a submission for a rebate as required by Florida Film & Entertainment Industry. Financial Incentive Program, general tax and consulting services for entertainment industry businesses, or entertainment industry individual tax help, please call the offices of David L Wrubel, CPA, PA at (305) 672-4272 or e-mail at david@cpa-fl.com
See the following Link for more information on the State of Florida Grants for the Film and Entertainment Industry:
http://www.filminflorida.com/ifi/incentives.asp
CPA’s TO PLAY AN IMPORTANT ROLE IN CALCULATING LOST BUSINESS DUE TO OIL SPILL FOR LAWSUITS AGAINST BP & HALLIBURTON
As the Seas’ Currents Spread the Seeping Oil from the Bottom of the Gulf of Mexico, a Wave of Lawsuits are Already Being Filed in Florida and the Gulf States for Lost Business Due to the BP Oil Spill – CPA Forensic Accountants in High Demand and in Scarce Supply for Litigation Support Services
BP said publically they will pay for “legitimate” damages to businesses for Oil Spill caused by the sunken damaged oil rig in the Gulf of Mexico. Lawyers are already riding the wave of oil to come up with new legal work stemming from potential lawsuits for business that have or will experience lost business due to the oil spill or may go out of business completely. Businesses are already suffering from the effects of the oil spill, before the first drop of oil even touches the shoreline! Those in industries such as the fishing industry, hospitality industry for hotels, motels, & restaurants, seafood industry, boat rentals & boat sales, and diving charters are already experiencing significant business losses due to cancellations from the oil spill.
In turn, Certified Public Accountants will undoubtedly be needed for BP lawsuit damage calculations for their forensic accounting, business valuation, expert witness testimony, and litigation support services for the lawsuits involving companies who have lost business or gone out of business as a result of the BP oil spill for the Gulf States. Lawyers and business owners should start approaching CPA’s to engage their services while they are available after this tax season to set up to start working on damage calculations for the litigation support services needed for the legal actions that will result from the damage caused by the BP oil platform disaster.
It is one thing to simply file a lawsuit for lost business due to the oil spill, but a CPA will likely be needed to not only mathematically demonstrate the dollar amount of damage to the business – but also communicate it effectively to the jury during the legal proceedings.
For Litigation Support Services & Expert Witness Testimony for BP Oil Spill Lost Business Damage Calculations, please call the office of David L Wrubel CPA PA at 305-672-4272 or e-mail us at: david@cpa-fl.com
DAVID WRUBEL CPA ON THE INTERNATIONAL REAL ESTATE EXPERTS PANEL
AT TRUMP TOWERS IN SUNNY ISLES FLORIDA ON APRIL 29, 2010:
The rules of the game changed in Real Estate and if you work with international buyers or sellers you need to know how this new market is affecting them. It does not matter if you specialized in short sales, REO’s, or General Real Estate, IF you work with international customers you need to know what this panels of experts has to say.
The International Experts Panel will consist of a Title Company, an Accountant, a Lender and an Immigration and Tax Attorney and they will share with you the most common issues each faces working with international real estate buyers and sellers right now and what to do to be ahead of the game.
EVENT PANELISTS:
Maria Elena Arias, CEO- Colonial Guaranty & Title Inc
Carlos Hernandez – Equity Mortgage Bankers
David L. Wrubel, CPA, PA – Certifed Public Accountant
Don Gonzalez, PA – Attorneys at Law
Event Announcement and Information found at:
http://www.valeriagrunbaum.com/expertspanelevent.html
Understanding How and Why Worker Theft Occurs Can Help Small Business Owners Deal With the Problem More Effectively
It is an owner’s worst nightmare…not a major dip in sales due to a global recession, a competitor gaining market share, obsolescence of a company’s main product line…none of these factors which are often outside of the direct control of a business owner due to market forces – but one that is perceivably “something that they should have seen” or was under their control: Theft by an employee of their own company!
It is important for a business owner to be cautious when discovering that money, equipment or inventory is missing from an embezzlement or theft, and you suspect a particular employee is responsible, do not immediately confront him or her. Accusing someone who turns out to be innocent could make the company liable to a judgement for defamation, etc. You should contact both an attorney and an accountant.
If you have any questions or would like assistance with designing or updating a system of internal controls for your company or forensically assessing who had access to the company records and who might have committed the crime as well as tabulating monetary damages to a company resulting from suspected worker theft, please contact our office at (305) 672-4272 or david@cpa-fl.com.
Read the Full Story in the Miami Herald at: http://www.miamiherald.com/125/story/1455576.html
The continuation of the recession and still high unemployment in the year 2010 may be just the motivation that some individuals may need to muster up that entrprenurial spirit. However, the question may arise with many on “How to be your own Boss?”
The CNN Online Newsroom had a posting and video on this topic of How to Start your Own Business :
Check out the full story and video on CNN Newsroom:
http://newsroom.blogs.cnn.com/2010/01/07/be-your-own-boss-in-2010/
American Express announced Monday that it’s going to allow its Membership Rewards customers to pay their federal and some state and local income taxes using membership rewards points.
When the reward transaction goes through one of Amex’s preferred tax payment processors — either Pay1040 or Official Payments Corp. — the processor charges a 2.35% “convenience” fee. So, your American Express account will be charged for $5,117.50, then Amex will immediately credit the charge using points. You won’t get additional points for this exchange.
As a general rule, every 100 points is worth $1 on a gift card. Other kinds of reward exchanges are not as favorable, including this deal with tax payment processors Pay1040 or Official Payments Corp., where paying $1 to the IRS requires 200 Membership Rewards Points. At that rate, in order to pay off your $5,000 tax bill plus the “convenience charge,” you would need to have 1,023,500 Membership Rewards Points.
Read the full story at Walletpop.com:
As published in the Miami Herald Money Section -Sunday November 15, 2009:
Excerpt:
SHARED ACCOUNTS THE COUPLE: David Wrubel 39, CPA, and Yuladys Wrubel, 33 accountants, Miami Beach
STRATEGY: This savvy pair of accountants is accustomed to itemizing dollar amounts. But when it comes to money in their marriage, they comingle every penny. Since tying the knot in 2003, the two have had both joint checking and savings accounts — and even share the real estate David owned before they met.
Sure, David earns more money heading up the accounting firm that also employs his wife. But Yulaeys takes on more of the child care responsibilities for their two young daughters. What’s more, she does most of the household bill-paying.
“We coordinate on an on-going basis about our finances,” David says. “We plan for the future together. So there are fewer surprises.”
While each has equal authority over their incomes, Yuladys admits to spending more liberally than David.
Even with the occasional splurge, the couple remains debt-free and Yuladys says she wouldn’t dream of banking without her husband.
WHY IT WORKS: A centralized system makes it easy to track spending and saving, Sherman says.
DOWNSIDE: Spending habits change over time, he says, and hopefully they’ll grow together.
Please read the full story in the Miami Herald at:
http://www.miamiherald.com/business/personal-finance/v-fullstory/story/1336791.html