Month: July 2012

You’re Interest (just one example) Income Now Subject to 3.8% Medicare Tax in 2013

You’re Interest Income Now Subject to 3.8% Medicare Tax in 2013 Effective in 2013, the Health Care and Education Reconciliation Act of 20101 will subject some individuals to a 3.8% Medicare Tax contribution tax on unearned income. This new tax will apply to single taxpayers with a modified adjusted gross income (MAGI) in excess of $200,000 …

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Get your Receivables Faster with Electronic Payment Processing

Get your Receivables Faster with Electronic Payment Processing Every CPA Firm in Miami struggles with those delinquent accounts that are 30, 60 and 90 days past due. As a Miami Accountant I offer clients Electronic Payment Processing options speeds up your receivable collections – leading to accelerated cash flow and a reduction in operating expenses. While …

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How Big Corporations Hide Their Profits Off-Shore

Accountants in Miami VieraCPA are expecting Apple’s net income at $9.8 billion. But whatever figure Apple reports won’t reflect its true profit, because the company hides Profits Off-Shore of it with an unusual tax maneuver. Apple Inc., already the world’s most valuable company, understates its profits compared with other multinationals. It’s building up an overlooked asset …

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Miami Accounting Firms and IRS Looking Closely at Independent Contractors

Miami Accounting Firms and Internal Revenue Service are casting a skeptical eye on many companies’ attempts to classify employees as independent contractors. Miami Accounting Firms say the IRS “focus on the withholding, the FICA taxes, Medicare taxes,” said Gustavo Viera CPA, partner-in-charge Miami Accounting Firm VieraCPA, during a Florida Society of CPAs conference Thursday on …

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Accountant in Miami Advises How to Respond to IRS Business Audits

I can’t think of a business in America that welcomes an IRS Business Audits with open arms IRS Business Audits for most, it is a highly stressful and worrisome time. But as an Accountant in Miami I can share some commonsense steps, gleaned from my 27 years of experience, which small and medium-sized businesses should take if served …

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Accountants and Small Business Clients Face Similar Challenges

Accountants and their small business clients share similar challenges of complex regulations Accountants feel the pressure to lower fees and prices, according to a new poll. The survey, by the International Federation of Accountants, found that keeping up with new regulations and the pressure to lower fees were the top two challenges for Accountants. Their clients …

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Miami Accountants Get More Involved in Setting Client Strategy

Corporate clients are relying to a greater extent on Miami Accountants to help them develop strategy and support growth and operations initiatives at their companies, according to a new report. The report, “The Evolving Role of Today’s Miami Accountants,” issued Tuesday, is based on interviews with Miami Accountants Gustavo A Viera CPA and other Miami Accountants. …

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Tax Accountant in Miami VieraCPA Calls on IRS to Speed Tax Refunds

Tax Accountant in Miami Urge IRS to Keep 45 Day Refund Promise VieraCPA, a Tax Accountant in Miami,  said that the Internal Revenue Service needs to reassess its goal of delivering Tax refunds within 45 days given the prevalence of electronic filing. The IRS experienced significant Tax refund delays early in the Tax filing season after …

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