Padro and Company, P.A. CPA Doral, Miami Florida

Bring your corporate minutes up to date

PADRÓ & Company, P.A. — Thu, 26 Jan 2012 12:35:31 PST

Writing up the minutes of board of directors’ meetings is not exactly a high priority for most business owners. Yet well-documented corporate minutes can provide valuable supporting evidence if your tax positions are ever questioned. Minutes are especially important where … Continue reading →

Tax time is the right time for a financial review

PADRÓ & Company, P.A. — Thu, 19 Jan 2012 01:30:43 PST

Now is an ideal time to review your financial affairs. You have to gather information to prepare your tax return at this time. Why not take one more step and do something positive for your financial well-being? The following suggestions … Continue reading →

IRS announces business mileage rate for 2012

PADRÓ & Company, P.A. — Thu, 12 Jan 2012 01:30:46 PST

The IRS recently announced that the mileage rate for business driving in 2012 will be 55.5¢ a mile. The rate can be used for cars, vans, pickups, and panel trucks. Companies that don’t want to keep track of the actual … Continue reading →

Payroll tax cut extended for two months

PADRÓ & Company, P.A. — Fri, 06 Jan 2012 05:10:27 PST

On December 23, 2011, Congress finally approved a two-month extension of the payroll tax cut for American workers. The agreement was reached after weeks of partisan bickering. Though both Democrats and Republicans wanted a one-year extension of the tax cut, … Continue reading →

Look into the benefits of a solo 401(k)

PADRÓ & Company, P.A. — Fri, 30 Sep 2011 07:30:00 PDT

Have you heard about solo 401(k) plans? The traditional type of 401(k) retirement plan is now available for self-employed individuals. And it lets you save more than other types of plans.In the past, 401(k) plans were typically offered by larger corpor... Continue reading →