Kristin had the chance to interview Jackie Cruz-Columna from Columna Agency in Kissimmee, FL to discuss the impacts of COVID-19 on your 2020 taxes for individuals and small businesses.
They also covered early withdrawals from your retirement accounts, CARES Act stimulus payments, and the Employee Retention Tax Credit for businesses.
What is the difference between bookkeeping and accountant? Bookkeepers typically will keep the books. A bookkeeper handles the day to day financial transactions of the business such as updating spreadsheets, reconciling bank statements, updating employee files, invoicing and paying bills. Many bookkeepers will track business expenses and ensure all are recorded correctly into software like Quickbooks, so that the business is ready at tax time.
When you own a small business, there are many things to keep track of and many don't think about taxes until they are due.
With a little preparation and a few tricks, you can not only make your tax filing easier, but save money in the long run. Here are some tips from Columna Agency.
Most Floridians know that hurricane season starts on June 1st and ends on November 30th. With the 2018 season approaching, homeowners may not know that during this period of time it can be difficult to find coverage. The insurance experts at Columna Agency recommend all Floridians should review their current homeowners insurance to ensure coverage is sufficient and verify their information is correct. We advise individuals that are not properly covered to get appropriate coverage now.
Know your homeowners insurance policy and what it covers. Insurance is the process of transferring the responsibility of covering your home in case something bad happens to it, to a home insurance company that will help you pay for repairs or replacement of your home in the event of a disaster.
Do you need homeowners insurance? Owning a home is one of the greatest satisfaction of one’s life. For some, it’s a culmination of years of hard work and self-fulfillment. For others, it is the realization of the infamous “American Dream”.
The purchase of a property is a significant investment, one that will be with you for many years. It can be considered the most exciting yet nerve-racking process of your live.