In certain cases, construction contractors may want to consider changing tax accounting methods to accelerate deductions or defer income. The CPAs at HBK advise Southwest Florida, Fort Myers and Cape Coral area clients with business tax planning advice.

The accounting and business consulting firms of Hill, Barth & King LLC (HBK) and Gilbert, Wallace, Stewart, Stramel & Sowers, P.A. (GWSSS) announced that they have signed an agreement to merge effective November 1, 2010.

Business tax tips - techniques for creating additional basis in an S Corporation from Mark Giallonardo, a Principal in Hill, Barth & King's tax department.

One of the most commonly missed tax credits for Construction and warehouse activities is the Alternative Fuel Tax Credit” for taxpayers that use propane powered forklifts.

A business with net income from "qualified production activities" is entitled to a tax deduction of 9% in 2010. This is a tax break designed to benefit companies that produce and pay wages domestically.

The professionals at Hill, Barth & King (HbK) have dedicated their lives and careers to guiding individuals and companies through good times and bad.

Beginning in February 2010, the IRS is launching an examination of 6,000 randomly selected companies to focus on employment tax issues. This will involve taking a close look at 2,000 random companies per year over the next three years. The primary focus will be on worker classification, executive compensation, fringe benefits, non-filers and reimbursed expenses. The IRS states the audits will provide data for its first statistical analysis since 1984 of how often companies misclassify workers to avoid tax obligations,   [Read More...]