Entries by Cloud Accounting Professionals

Did you know that if you have homeowners Insurance and there’s a Hurricane that causes damages to your home? You may qualify for a Tax Deduction?

If you live in Florida, you know that nothing says summer more than the word “hurricane” and now we are officially in the hurricane/tropical storm season. If you’ve ever experienced any hurricane or tropical storm before, you know very well that you should start preparing for the worst-case scenario now rather than ending up completely […]

I Missed the Filing Deadline! What Happens Now?

  This year’s individual deadline for 2015 was April 18, 2016. What happens if it was missed? The urgency in getting your taxes filed is really dependent upon whether you’re expecting a refund or you owe additional taxes. If you are unable to file your return by the original due date, the IRS allows you […]

Changes to Due Dates Effective Now

  In a bill for highway funding extension some provisions in the bill were what you would not expect, they were tax provision that changed due dates and additional requirements. The bill was signed into law by President Barack Obama on July 31, 2015. While the tax provisions are divided between new tax return due […]

Florida Number One In Identity Theft

    Identity theft as defined by the IRS occurs when someone uses your personal information such as your name, Social Security number (SSN) or other identifying information, without your permission, to commit fraud or other crimes.   “Identity theft continues to top the Federal Trade Commission’s national ranking of consumer complaints, and American consumers […]