Succentrix of Punta Gorda

Explore essential tax tips for dance studios to keep your finances in perfect harmony.

In its ongoing effort to combat questionable Employee Retention Credit (ERC) claims, the IRS has sent more than 20,000 letters advising taxpayers that the agency is disallowing their claims.

IRS Disallowing 20,000 Employee Retention Credit (ERC) Claims

End of week tax fact from Succentrix Business Advisors of Punta Gorda

Self-employment tax is a tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves. It is like the Social Security and Medicare taxes withheld from the pay of most wage earners. But like most things tax it is not that simple.

Understanding Self-Employment Tax Self-employment (SE) tax is a tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves. It is like the Social Security and Medicare taxes withheld from the pay of most wage earners. But unlike wage earners who pay half the Social Security and Medicare ta...

Our aim is to help you navigate the tax implications, understand changes to retirement accounts, and make informed decisions about your social security income.

Embracing Your Next Chapter: A Guide for Retirees Returning to Work

In the ever-evolving landscape of business regulations, the Corporate Transparency Act (CTA), passed as part of the National Defense Authorization Act for Fiscal Year 2021, introduces new reporting requirements for businesses in the United States, specifically focusing on beneficial ownership. Although this reporting does not take place until 2024, it is something you need to be aware of and prepare for.

Coming Soon – Business Beneficial Ownership Reporting In the ever-evolving landscape of business regulations, the Corporate Transparency Act (CTA), passed as part of the National Defense Authorization Act for Fiscal Year 2021, introduces new reporting requirements for businesses in the United States, specifically focusing on beneficial ownership. Altho...

Transform your life. Wednesday Wisdom from Succentrix Business Advisors of Punta Gorda

A landmark December 5 Supreme Court case could change the face of certain parts of the American tax code.

Supreme Court Showdown: The Fate of American Wealth Taxes On December 5, the United States Supreme Court will hear a court case that could hugely impact the American tax code. Learn about wealth taxes.

From coast to coast, healthcare systems are receiving billions of dollars in tax breaks. Find out what all the debate is about here.

Healthcare Systems and Controversial Tax Breaks: Everything You Need to Know Healthcare systems are receiving billions in tax breaks across the country, leading to national debate. Find everything you need to know here.