Small Business Advocates

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Small Business Advocates

Small Business Advocates recognizes that small businesses are the job creators that our community depends on for economic health and to meet our needs for local goods and services. This Team unites consumers, small business owners and entrepreneurs to take action on burdensome government proposals and laws that adversely impact the consumer and our local small businesses.

If you support small business in the American spirit of free enterprise or are a small business owner, you are a Small Business Advocate.  

Meeting announcements sent by emails to members.

 

Location: Jacksonville, FL
Members: 121
Latest Activity: Feb 9, 2015

2014 Annual Reports
Email reminders should be arriving in regards to 2014 Annual Reports. File your 2014 Annual Report online at www.sunbiz.org by May 1st, 2014. If you file after May 1st, you will incur a $400 non-negotiable late fee. Failure to file this report will result int he administrative dissolution or revocation of your entity by September 4th, 2014.

Issue Form 1099 for 2013

Remember to issue Form 1099 to any vendors that you have paid $600 or more in service or rental payments, or paid $10 or more in royalties to during 2013. While you do not need to issue Form 1099 to corporations, you must file a Form 1099 for individuals or partnerships (any business with "LLC" in their name) so they may accurately report income to the IRS.

57 Federal Tax Provisions Set to Expire With No Prospect of Extension

Expiring tax provisions for individuals:

deductions for teachers' out-of-pocket expenses
state and local general sales taxes
qualified tuition and related expenses
mortgage insurance premiums
discharge of indebtedness on principal residence excluded from gross income of individuals
deduction for qualified tuition and related expenses
tax-free distributions from individual retirement plans for charitable purposes

Expiring tax provisions for businesses:

R&D tax credit
the work opportunity tax credit
15-year straight line cost recovery for qualified leasehold improvements, qualified restaurant buildings and improvements, and qualified retail improvements
empowerment zone tax incentives, including empowerment zone employment credit

Also, Bonus depreciation allowances will not be available for taxpayers after December 31, 2013. Only $25,000 of business assets can be expensed compared to $500,000 in 2013.

Potential Expiration

Enhanced first year vehicle write-offs due to bonus deprecation will not be available for 2014 unless Congress extends bonus depreciation, which generally expires at the 50 percent level after December 31, 2013.

Tax Reform

The Senate is taking baby steps on tax reform. Sen. Max Baucus (D-MT), the top Senate taxwriter, has begun releasing discussion drafts on various issues.

This proposal affects tax administration. Preparers would be targeted: IRS' power to regulate unenrolled preparers would be restored. In January, a federal court said the Service lacks the power to require unenrolled preparers --those who aren't attorneys, CPAs or enrolled agents -- to pass a competency exam and take continuing education courses so they can prepare tax returns. This case is now on appeal. If IRS ends up losing, tax overhaul would reverse that decision.

In addition, all paid preparers would have to e-file unless they can demonstrate hardship.

Many preparers will be getting visits from IRS agents in the coming months. The most important of these checks involve the earned income tax credit. Several hundred preparers who have filed questionable returns claiming the credit will have face-to-face meetings with agents to discuss the rules requiring preparers to document how they determined that a client's claim for the credit was valid.

2014 Mileage

The new mileage rates for the use of a vehicle in 2014 is:

56 cents per mile for business miles driven
23.5 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations

Vic Cirrillo

Discussion Forum

Florida Announces 2014 Minimum Wage

Florida Announces 2014 Minimum Wage Effective January 1, 2014, Florida’s minimum wage will be $7.93 per hour. This is an increase of 14 cents over the 2013 minimum wage of $7.79 per hour. The minimum wage for tipped employees will increase by the…Continue

Started by Vic Cirillo Oct 23, 2013.

Comment Wall

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Comment by Derby Ulloa on February 9, 2015 at 8:20pm

Comment by Bear Witness 38 minutes ago

Listen to Trevor Loudon's message of hope for America.  Bear Witness Central Conference, Wednesday, Feb. 11th at  6:30PM at the Salem Center.  More information at our website:  www.BWCentral.org

Comment by Derby Ulloa on February 9, 2015 at 8:19pm

Comment by Bear Witness 38 minutes ago

Listen to Trevor Loudon's message of hope for America.  Bear Witness Central Conference, Wednesday, Feb. 11th at  6:30PM at the Salem Center.  More information at our website:  www.BWCentral.org

Comment by Bear Witness on February 9, 2015 at 7:38pm

Listen to Trevor Loudon's message of hope for America.  Bear Witness Central Conference, Wednesday, Feb. 11th at  6:30PM at the Salem Center.  More information at our website:  www.BWCentral.org

Comment by Leanne King on February 12, 2014 at 9:57pm

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Comment by Patsy Underwood on November 17, 2013 at 8:08am
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Looking forward to the Small Business Advocates meeting on Tuesday.  Thanks to Job Creators Network and Fair Tax for being there to provide vital information for our businesses.

Comment by Mike Austell on October 18, 2013 at 3:51pm

America is in crisis and she needs your help! Many think that America is dying. NOT ON OUR WATCH!

Calling all patriots! We have built a core group of Oath Keepers in the north Florida area, and we need your help to keep growing. Our mission is to reach, teach, and inspire the currently serving to follow their oath to the Constitution.

This month we will discussing the Oath Keepers new initiative forming Civilization Preservation teams.  There is a lot of confusion about what this means.  On Saturday, we will begin unraveling what it means to our local and statewide chapters.

We meet at Adamec Harley Davidson on Baymeadows Rd. at 10 am.

Saturday will be a chance to roll up our sleeves and get personally involved. Please bring your ideas and your creativity as well as your friends, neighbors, children and grandchildren. Also we need groups in all parts of Florida.  Our message has to be spread BEFORE IT'S TOO LATE!

Comment by Patsy Underwood on July 24, 2013 at 7:32am

The Small Business Group meeting last week was wonderful.  Great food prepared by Beth Heath, good information provided by Vic and Beth, too.  Our speaker, Joe Whitaker, was very informative and gave us many ideas on selling to City of Jacksonville, learning more about our City and ways that Jacksonville and Duval County can help us succeed in our business.

Thanks for a great meeting. If you have a small business or are interested in the issues of small businesses - you should join us.  It's well worth your time.

Comment by Leanne King on June 26, 2013 at 7:38pm

Beth, most of this is cleaned up now. Having problems with the one comment.

Comment by Jim Ryan on June 16, 2011 at 10:57am

I posted this last night and received a reply from Billie Tucker which I have included at the bottom.  I would be interested in other SBM feedback.

'I would like to address and suggest that the small business group allow its members and participants the opportunity to share with its members and all of the other FCTP members some information pertaining to the type of businesses that each one is involved with.  Sharing this information and identifying the who, what and where will allow fellow members to consider them for their personal and professional needs.  You share many common concerns which has lead you to become a member of the FCTP.  Would you not want to consider the opportunity to do business with others who share your values and concerns?  Support those who support the ideals and values you support and believe in.  Makes sense to me.'

Reply:  Comment by Billie J. Tucker 12 hours ago           

Delete Comment            When we first got started, people were uncomfortable to do so.  However, now that we have grown so much as a movement, it might be time to see if people want to do this.  We are game if the members are.           
 
 
 

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The First CoastTea Party is a non-profit organization financed primarily by its members. We have no deep-pocketed special interest funding our efforts. Your donations make a difference. Donations are not tax-deductible.

If you would like to make a contribution to this worthy cause please send your check or money order to the address below. Please consider a monthly donation and  click on the Donate button to contribute with PayPal if you have an existing PayPal account or by credit card if you do not have a PayPal account.

First Coast Tea Party
731 Duval Station Rd, Suite 107-171
Jacksonville, FL 32218
904-392-7475

 

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