Word around the water cooler.
August 12, 2021Employee Retention Credit extended (5 things you should know)
The IRS guidance released this week clarifies changes included in the American Rescue Plan.
August 11, 2021Should you start a business? 7 steps to evaluating your idea
In the pandemic economy, entrepreneurs are still starting businesses all over the country. Before you dive in, check out our steps to evaluating your business idea.
August 6, 202135 Million: The total backlog of tax returns the IRS had at the end of tax season
The Internal Revenue Service has released a midyear report to Congress that details a significant backlog of tax returns dating back to the end of tax filing season, and many of those returns have yet to be processed.
August 5, 2021Here’s how long you should keep your tax returns and receipts
It’s tempting to toss out all your old documents once you’ve safely filed your tax return and received your refund or made your payment, but it’s important to keep your records for three years (and longer in some circumstances).
July 22, 2021SBF’s Summer Leadership Program: It’s a day packed with fun, food and an intro into the world of professional accounting.
Each year, we select a group of promising accounting students to join us for a day of learning about SBF and the accounting profession.
July 14, 2021The child tax credit arrives this week: What you need to know.
Millions of families will see hundreds of dollars hit their bank accounts this week. Here are our answers to frequently asked questions about the Advance Child Tax Credit.
July 2, 2021Though it’s safe to return to the office, our new policy allows some remote work to continue
Our new work-from-home policy is designed for flexibility, however our team is eager to return to the office
June 29, 2021Florida’s new sales tax law has big implications for commercial real estate
SB 50 requires out-of-state retailers to collect and remit sales tax, and these funds will allow the state to decrease a tax on businesses.
June 25, 2021W.G. Spoor reflects on the value and impact of FICPA after a year as chair
As W.G. Spoor’s term as the FICPA chair ends, he reflects on the organization’s accomplishments over the past year.
June 17, 2021Why would a pharmaceutical company struggle in a pandemic? How Bravado Pharmaceuticals weathered the pandemic.
We spoke to Brian McMillan, the founder of Bravado Pharmaceuticals, about how the company got through its challenges in its first year and why he's so optimistic about the future.
June 2, 2021How are Stock Options Taxed?
Knowing the difference between the types of stock options is essential when it comes to figuring out how to pay taxes on them. Here’s a primer.
May 26, 2021Here’s What Happened in the World of Small Business in May 2021
If you’ve been focused on your business reopening (or if you're on that first vacation in over a year!) you might have missed these five things happening in the world of small business.
May 12, 2021Why is your tax refund delayed?
Your refund may be delayed for several reasons, including a short-staffed IRS. Here’s what to do if you’re still waiting on your refund.
May 5, 2021What’s in the Biden Tax Plan?
It’s been clear since the presidential campaign that a Biden presidency could mean big changes to the tax code. Here’s a roundup of what he’s proposing.
April 28, 2021What is wealth management? (And is it something that would help you?)
Wealth management can help a family navigate their financial journey, including financial planning, investment management, estate/legacy planning, and tax strategies.
April 23, 2021SBF ranks #1 Best Places to Work!
How do you create a great company culture? Three local Best Places to Work leaders weigh in on how to build and sustain a great workplace culture, even during a pandemic.
April 16, 20217 Tax Tips for Business Owners Who Don’t Want to Leave Money on the Table
This April, maybe you’re kicking yourself for not thinking about taxes earlier, and not working with your accountant to find ways to reduce your business’ tax liability.
April 13, 2021What is Outsourced Accounting? 8 Questions Business Owners Have About Switching to Outsourced Accounting
You got into business to create products you believe in or provide services you are skilled with, not to spend hours poking through QuickBooks.
March 31, 2021For the Second Time, SBF is a Tampa Bay Times Top Workplace
SBF has moved up two spots to No. 2 in the annual list of Tampa Bay’s best places to work, based on employee surveys.
March 30, 2021PPP Deadline Extended to May 31
There’s still time for businesses (and sole proprietors) to apply for Paycheck Protection Program loans.
March 15, 2021Facing a wave of unemployment fraud, what should you do?
Since the start of the pandemic, fraudulent unemployment claims have exploded, and it’s estimated that more than $63 billion has been paid out improperly.
March 12, 2021Comprehensive COVID-19 Relief Package Passed
The American Rescue Plan Act, the third coronavirus relief package signed since the start of the pandemic, has help for small businesses and individuals.
February 26, 2021How Joto’s Pizza Pulled Together to Keep Serving the Community
Joto’s Pizza has continued to serve its community for 47 years, and even the pandemic hasn’t stopped them.
February 24, 2021New PPP Rules to Help the Smallest Businesses
Businesses with fewer than 20 employees will be the only businesses allowed to apply for PPP funding for a two-week period.
February 19, 2021What did the GameStop frenzy mean for investors? The background and fallout of the year’s biggest stock story
If you followed the GameStop stock story, you probably have a lot of questions about how it affects your investment future.
February 16, 2021COVID-19 Relief Package Contained A Big Win for Affordable Housing Advocates
Low-Income Housing Tax Credits are a major boost to affordable housing developers, and the new COVID-19 relief package made a favorable change to how those credits are calculated.
February 15, 2021Your CPA, Wealth Advisor, and Attorney Should Be Talking To Each Other. A Q&A About Our Integrated Services Approach
Our partnership with Spoor Law and Sagace Wealth means that higher net worth clients can benefit from all three services working together. We’ve asked Dodd Disler of Sagace Wealth, Rusty Spoor of Spoor Law, and Steve Bunch of SBF to answer some questions on this approach.
February 11, 2021SBF Partner Steve Bunch: “I feel like a good portion of my job is making sure that people matter most at SBF”
In the third feature in our series, “Getting to Know SBF,” meet SBF partner Steve Bunch.
February 9, 2021PPP Loan Forgiveness Update: Simpler Form, New Rules
Applying for forgiveness for your PPP loan is now a lot easier, and there’s also other good news about your loan, tax credits, and other changes.
January 28, 2021What is Affordable Housing? Addressing the Big Misconceptions
We are facing an affordable housing crisis in our country, and in order to address it, we must fully understand the facts about affordable housing.
January 22, 2021Selling Your Business? What You Need to Know in 2021.
A Q&A on Wealth Transition and Succession Planning.
January 20, 2021New PPP Funding Available: What You Need to Know
Billions of dollars are available to new and previous PPP borrowers, with a new set of conditions.
January 18, 2021Employee Retention Credit Extended and Expanded (Yes, Even if You Received a PPP loan)
The ERC lets businesses get paid back for wages they paid to employees during the pandemic. Ignoring the ERC could leave thousands (or more) on the table.
January 15, 20212021 Investment Outlook: A Q&A with Sagace Wealth CEO Dodd Disler
Now is a good time to think about investment opportunities in 2021 as the economy recovers from the pandemic, and Sagace Wealth has advice for investors.
January 6, 20215 Ways to Finance Affordable Housing Developments (Other Than LIHTC)
From community trusts to grants to loans, there are many ways to fund an affordable housing development that have nothing to do with tax credits (or can be combined with LIHTC).
December 21, 2020With New PPP Funds Available, Here’s What You Need to Know
Congress struck a compromise on a new round of COVID-19 relief funding. Here’s what you need to know about what the package includes.
December 16, 2020At our firm-wide retreat, #PeopleMatterMost
Spending time getting to know one another and bonding as a team is important to us, even when we can’t be in the same room. This year, we used technology to make our annual retreat happen virtually.
December 11, 2020What is cost certification? 7 things affordable housing developers need to know.
Not planning for the cost certification process can significantly delay your affordable housing project. Here are the key things you need to know about cost certification, which is the process of determining exactly how much money was spent on development and construction.
December 7, 202012 Tips for Dealing with Debt and Getting Financially Organized for 2021
Maybe you had no choice but to amass debt to deal with the challenges of 2020, or maybe you let your financial habits slide this year. No matter what, we have tips to get you back on track.
December 2, 2020More than 6,000 Affordable Housing Units Created in 2019 with Historic Tax Credits
The National Park Service’s Annual Report shows investment and progress in the creation of affordable housing units using historic tax credits.
November 30, 2020How is Bitcoin taxed? And other key questions about cryptocurrency
Cryptocurrency has gotten a lot more accessible, but the IRS still has a lot to do to catch up. Here’s our primer on cryptocurrency.
November 25, 2020How a St. Pete Event Design Company is Designing Its Path Forward
Business with in-person events was booming at Foo Dog Productions before the COVID-19 pandemic hit. But with lessons learned from previous economic downturns and quick adaptations to digital services, Foo Dog is thriving even during the pandemic.
November 16, 2020A Guide to Tax Credits for Affordable Housing
Here’s a Spoor Bunch Franz primer on tax credits for affordable housing - how they work, how they stack, and how they not only boost housing affordability, but can also stimulate the economy and create jobs.
November 11, 2020Seven Things We’re Doing to Keep Employee Engagement Up During the Pandemic
Our team works hard and supports one another. We don’t want to lose that engagement during the pandemic, so we’ve taken steps to encourage staff to interact socially, share ideas, and continue building our culture.
November 10, 2020Real Estate Professionals Foresee a Huge Shift in Work Flexibility
The demand for more flexibility and more remote work could change the landscape for commercial real estate and affordable housing, according to a new report from the Urban Land Institute
October 30, 2020What do you do when your business has a cash flow problem?
Even profitable businesses suffer from cash flow issues. Here are some common causes for cash flow problems and seven actions you can take to solve them.
October 23, 2020How the Election Could Impact Affordable Housing
The next four years will be critical for affordable housing policy, and whoever wins in November will have big decisions to make. Julie Lawrence’s analysis on GlobeSt.com breaks down what’s at stake for housing policy in the presidential election.
October 21, 2020Affordable Housing and COVID-19: A Round-Up of Recent News
Every problem caused by a lack of affordable housing, and every solution designed to address the issue, has been affected by COVID-19.
October 14, 2020How We’re Giving Back to Our Community During COVID-19
Community outreach is a key part of our culture, and we’ve missed being able to get together to volunteer. So, we’re finding ways to give back while staying safe.
September 30, 2020SBF Partner Rich Franz: “We have a culture of change momentum”
In this second feature in our series, “Getting to Know SBF,” meet SBF Partner Richard B. Franz III.
September 23, 2020How Wealthy Taxpayers Might Prepare for Changes in Tax Policy After the November Election: A Primer
Both President Trump and Former Vice President Biden have been clear about what the future might hold for tax policy, and taxpayers with significant wealth might be starting to prepare. We created a primer to help these individuals prepare for possible changes.
September 17, 2020How to Receive Payments in QuickBooks Online
Receiving payments from your business’ customers should be easy and pleasant. To make the process easier, here are three ways to receive payments via QuickBooks Online.
September 10, 2020Taxes 101: Avoiding costly penalties
Everyone is aware that if you don’t pay your taxes on time, you can face penalties. But lateness is not the only situation that can cause you to rack up penalties. We’ve summarized the 14 most common penalties and how to avoid them.
September 3, 2020What is a payroll tax holiday? And more FAQs about the new executive order.
President Trump is deferring payroll taxes. What does that mean for individuals and employers? We answer some of the biggest questions you may have about the new policy.
September 2, 2020PPP Loan Forgiveness – Why It Might Be Smart to Wait
The federal government is still sorting out the rules for PPP loan forgiveness, and you may save yourself some work if you wait until more has been decided.
August 26, 2020Hiring New Employees During the COVID-19 Crisis
Spoor Bunch Franz is growing, and we’re modifying our hiring process while maintaining our culture.
August 10, 2020Reopening during the pandemic: How local Massage Envy locations are making it work
We spoke to Steve Plattner, who owns six Massage Envy locations in the Tampa Bay area, about how they’re adapting to the pandemic and why he’s optimistic about the future.
August 7, 2020SBF is a Tampa Bay Chamber Small Business of the Year Finalist
Spoor Bunch Franz is honored to be among Tampa Bay’s top small businesses and looks forward to the announcement of the winners this fall.
August 3, 2020How can I get my PPP loan forgiven?
The SBA recently released information about the process for getting loans forgiven. The Loan Forgiveness Platform is set to open August 10. Here’s what you need to know.
July 30, 2020What You Need to Know About Investing in an Opportunity Zone
Tax incentives may make investing in an opportunity zone tempting, but is it right for you? We have answers to your questions.
July 9, 2020Is outsourced accounting for you?
To help you decide whether outsourced accounting would work for your business, we’ve compiled answers to some frequently asked questions
July 7, 2020SBF Partner W.G. Spoor: “I love change. I’m a change agent.”
In this first feature in our new series, “Getting to Know SBF,” meet SBF Partner W.G. Spoor.
July 5, 2020Taxes are Due July 15: What You Need to Know
For businesses or individuals who took advantage of the automatic extension granted by the IRS during the COVID-19 emergency, the July 15 deadline is fast approaching.
June 24, 2020Are you SBF intern material?
An internship at Spoor Bunch Franz will give you a taste of the industry, teach you key skills, and help you acclimate to your chosen profession, as you are treated as a valued member of the team.
June 22, 2020There’s never been a more important time to take a holistic view of your financial future
The COVID-19 crisis has led many of our clients to seek help with investments and estate planning in addition to working with us on their accounting needs.
June 19, 2020More Flexibility for Paycheck Protection Program Loan Forgiveness and Payroll Tax Deferral
The PPP Flexibility Act greatly increases the likelihood that a large percentage of a borrower’s PPP loan will be forgiven. The forgiveness application was just released, and while we can begin preparation, finalization should wait until the end of the 24 week period covered by the loan.
June 4, 2020PPP forgiveness changes coming as Senate passes House bill last night
We’ve been waiting for more guidance on PPP forgiveness and finally some decisions were made.
June 1, 2020Four things the 4th Street Shrimp Store in St. Petersburg, FL is doing to stay afloat
Businesses that can adapt, communicate, and stay connected stand the best chance of making it through this crisis
May 20, 2020Creating a “New Normal” in our Tampa Bay Office
How our Accounting teams are transitioning back to the office in St Petersburg, FL and creating new procedures for keeping staff safe.
May 19, 2020Three Tips for Small Business Owners
SBF partner Steve Bunch has advised countless small business owners during the COVID-19 crisis. In this quick video, he gives three key tips based on that experience.
May 13, 2020SBF is the #1 best place to work
Another honor for SBF’s culture comes from the Tampa Bay Business Journal
May 12, 2020PPP Loan Forgiveness Update – We’re Still Waiting
After congress passed the second round of funding for PPP loan program, we’ve seen an increase in the number of businesses to receive funding through the program.
April 21, 2020Small Business PPP Loan Update
For the past weeks, our firm has been closely monitoring the ever-evolving Paycheck Protection Program (PPP), its funding (or lack thereof), and the details surrounding the forgiveness of loan proceeds.
April 20, 2020Our Team is Staying Connected
How playing “social hour” trivia on Zoom is helping us maintain team spirit
April 15, 2020Don’t wait to file your tax return
Yes, tax deadline was moved, but there are advantages to filing sooner
April 3, 2020SBF is a Top Workplace
Our internal communication, flexibility, mentoring, and office culture are highlighted in the Tampa Bay Times’ annual list of Tampa Bay’s top workplaces
April 2, 2020Affordable Housing Updates
What the affordable housing industry needs to know about the recent federal updates.
March 30, 2020Paycheck Protection Program
What every small business needs to know and how to start preparing
March 28, 2020President Trump signs into law CARES Act
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by COVID-19. We have summarized the top provisions in the new legislation below, with more detailed alerts on individual provisions to follow.
March 25, 2020We’re open
Like so many of our clients, the majority of the SBF team is working from home following the precautions set forth by the CDC.
March 21, 2020It is time to pick ourselves up off the mat and fight back, SBF can help…
Across the world, many have felt the anxiety and fear that has spread over the uncertainly with this virus, but we cannot lay down forever. We are about to see the best of America and the rest of the world…
March 20, 2020Families First Coronavirus Response Act
The Families First Coronavirus Response Act (FFCRA) was signed into law on Wednesday March 18, 2020. The new law includes paid sick leave for employees impacted by COVID-19 and those serving as caregivers for individuals with COVID-19. The legal obligations will be effective 15 days from the date it was signed - so plan for it to take effective on April 2.
March 19, 2020Federal loans available to small businesses due to COVID-19
The U.S. Small Business Administration (SBA) is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).
March 18, 2020An update for our clients…
The information below is up to date as of the afternoon of March 18, 2020. We anticipate future announcements and guidance from the Federal government and the IRS. We will send out future correspondence with any updates as they become available.
March 14, 2020We continue to work hard on clients’ behalf, while taking steps to protect against COVID-19
Like all of you, we are monitoring the latest news about the coronavirus and adjusting our daily activities to reduce the possibility of spreading COVID-19. With confirmed cases in the west-central Florida areas we serve, we are being especially cautious.
March 13, 2020SBF’s membership in BDO Alliance USA helps firm’s clients
Since Spoor Bunch Franz joined the BDO Alliance USA, a nationwide association of independently owned local and regional accounting, consulting and service firms, the firm has seen immediate results with how the Alliance can help us in our client work.
February 24, 2020Retirement and 529 Plans
What you need to know about changes to retirement and 529 plans.
February 17, 2020Smart Tax Tips For 2020
Follow these tips to help avoid a heavy tax burden this year.
February 7, 2020SBF Offers Some Perks to Make Things Easier
The start of a new year marks the beginning of our busiest time at Spoor Bunch Franz.