Best Road Trips on a Budget

Best Road Trips on a Budget thumbnail

Summer is here and it’s time for getting out of town. However, you don’t want to set off on the open road without a plan. While there are an endless number of places to visit across the United States, here are a few road trips that are filled with natural parks, mountains and beaches, all of which are notably affordable, if not free. From New York City to Charleston, South Carolina First stop, Cape May, NJ, where you can hit Cape May Beach for some sun, then walk/bird watch for free at The Meadows. Next stop, Ocean City, MD, where there’s a 3-mile-long boardwalk with lots of arcades and fast-food… Read More

Small Business Survey: How Are Today’s SMBs Using Technology?

Small Business Survey: How Are Today's SMBs Using Technology? thumbnail

One way to reduce the overhead associated with hiring workers is to make efficient use of technology. According to a recent survey by CompTIA, 73 percent of midsize businesses and 56 percent of firms with fewer than 20 employees say technology is a primary factor in pursuing their business objectives. Budgeting According to the 4Q 2018 survey, the average small/midsize business (SMB) invests anywhere from $10,000 to $50,000 a year on technology. About half (52 percent) of small business owners think they’re not spending enough on business technology. Upgrading The largest share of small businesses (36 percent) say that in recent years they’ve focused their technology budget on infrastructure, such… Read More

When Saving for Retirement in Taxable Account Is a Good Idea

When Saving for Retirement in Taxable Account Is a Good Idea thumbnail

Most people associate saving for retirement with tax deferred or non-taxable accounts: 401(k)s, 403(b)s, Traditional IRAs, Roth IRAs, etc. The tax benefits of these types of retirement accounts give individuals advantages over simply investing in a regular taxable brokerage account.   Savings for retirement in a standard taxable account can also have its place – and the option shouldn’t be ignored. In this article, we’ll look at a handful of reasons why doing so might just be the best option. Your employer doesn’t offer 401(k), 403(b) or similar type plan Some employers, especially very small ones, don’t offer retirement plan options to their employees due to the cost or administrative… Read More

How Will Increased Business Productivity Impact Business Earnings Reports?

How Will Increased Business Productivity Impact Business Earnings Reports? thumbnail

During the first three months of 2019, non-farm labor productivity grew 3.6 percent, according to the U.S. Bureau of Labor Statistics. This is coupled with a 4.1 percent increase in output, along with hours worked increasing by one-half of one percent. Comparing the rates from 2019’s Q1 to the first three months of 2018, productivity grew by 2.4 percent, year over year. Looking at the trend over 12 months, the BLS reported a 3.9 percent uptick in output and a 1.5 percent uptick in hours worked.  With the BLS defining the non-farm business sector accounting for nearly four-fifths (77 percent) of America’s gross domestic product, it’s still noteworthy to see… Read More

How to Make the Most of Margins and Markups

How to Make the Most of Margins and Markups thumbnail

When it comes to gross margins and the American economy, they vary widely throughout the country’s industries. When New York University’s Leonard N. Stern School of Business recently compiled gross margin statistics for January 2019, they found the low end includes the Auto and Truck industry with a gross margin of 11.45 percent and the Oilfield Services/Equipment industry with a gross margin of 10.70 percent. On the top end, the General and Diversified Real Estate industry saw a gross margin of 73.08 percent and the Investments and Asset Management industry saw a 70.67 percent gross margin. While these gross margins are divergent, understanding more about gross margins gives better context… Read More

Social Security: News, Tips and Trends

Social Security: News, Tips and Trends thumbnail

There are a number of threats that both retirees and pre-retirees are facing right now when it comes to drawing Social Security benefits. For example, there’s a new scam this year. Seniors are being solicited by callers who claim to be with the Social Security Administration (SSA). The caller says he regrets to inform that the elderly person’s Social Security payments have been suspended. The caller says it’s either because the beneficiary has been involved in a crime or there has been suspicious activity related to their benefit. Here’s the interesting part: the caller then requests that the senior repay a certain amount of his benefit to Social Security by… Read More

Enhanced Funding for Shooting Practice and Bulletproof Vests

Enhanced Funding for Shooting Practice and Bulletproof Vests thumbnail

Target Practice and Marksmanship Training Support Act (H.R. 1222 – The Pittman-Robertson Act, passed in 1937, imposes an excise tax on the sale of firearms, archery gear and ammunition. Those proceeds are used to fund hunter education programs, land acquisition and improvement of wildlife habitat. This new bill allocates a higher portion of these federal funds to cover the cost for construction and expansion of public target ranges. The act is designed to encourage states to develop additional shooting ranges for marksmanship training. It was introduced on Feb. 14 by Rep. Ron Kind (D-WI), passed in both the House and Senate and was signed into law by the president on… Read More

Sales tax on shipping and handling

We continue to get questions on sales tax for shipping and handling.  First off, if you combine them together then the entire  amount is subject to Florida sales tax.  Secondly,  if the customer has no choice on how they get the merchandise and it must be shipped, it’s taxable, while if they could pick up the order at your place of business instead of having it shipped, then the shipping is not taxable if title, ownership, risk and responsibility for the merchandise transfers to the buyer as soon as it leaves your place, even if it hasn’t reached the buyer yet.  The shipment is considered Free On Board and delivery… Read More

Ring The Bell

Our newest practice is after each project is completed Elizabeth rings a bell.  Now let’s hear lots of rings! While posting I heard a DING.  

CD & Money Market Rates

I continually get requests for good rates. While I like dealing with local, community banks, here’s a site to use for comparison. http:/Bankrate.com