Florida consumer confidence drops across-the-board in June

Floridians have turned more pessimistic, especially about where the national economy is headed this year. Overall, consumer sentiment statewide fell 1.9 points in June to 98.3 from a revised figure of 100.2 in May, according to the monthly index released Tuesday by the University of Florida. For the first time in nearly two years, all five components that make up the index declined. The three components representing the expectations of…

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4 Reasons Being a “Control Freak” is Holding You Back

I hear it all the time, “Well, of course, you HAVE to be a control freak to stay in control, right?…” Generally, This thinking appeals to business owners who; 1. Don’t know how to find high quality, high performing staff and have unconscious trust issues (I can’t trust anyone to do the job properly). 2. Have a big ego – and need to be seen as the almighty great leader…

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7 Keys to Becoming an Effective Leader

Follow these leadership tips to turn your business into one that consistently outperforms the competition. For many businesspeople, the last thing you want to worry about (or do) is managing people. You want to get out there and meet customers and create awesome products and bring exciting new opportunities through your front door. But unless you’ve hired people to take on the task of managing your employees, then you’re still on…

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Tax Cut and Jobs Act – Guidance needed as Sec. 199A appears “poorly defined”

House Ways and Means Committee ranking member Richard Neal, D-Mass., has asked the Treasury and the IRS for guidance on the tax code’s new passthrough deduction. In a May 1 letter, Neal asked Treasury Secretary Steven Mnuchin and Acting IRS Commissioner David Kautter, for clarifying guidance on Code Sec. 199A. Passthrough Deduction The new Code Sec. 199A, enacted under the Tax Cuts and Jobs Act (P.L. 115-97), provides a 20 percent deduction…

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Beware of IRS Scammers!

The Internal Revenue Service and its partners in the tax industry and state tax authorities warned Tuesday about a new twist on the phone scam that criminals have been using for years to steal money from taxpayers, with the fraudsters now using phone numbers that mimic IRS Taxpayer Assistance Centers while demanding payment on nonexistent tax bills. The IRS and its Security Summit partners are cautioning taxpayers to remain alert…

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House approves IRS reform bills

The House voted Wednesday to pass bipartisan legislation to modernize the Internal Revenue Service’s information technology systems, a day after a computer crash temporarily suspended processing of tax returns on the date of the filing deadline. The bill would also improve cybersecurity at the IRS and taxpayer identity protection. A related bill would improve taxpayer service at the IRS, and it passed 411 to 0. They were part of a…

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Experience Breeds Success

The age you’re most likely to start a successful company isn’t what you might think. Bill Gates is an anomaly.John Lamparski/Getty Images Many people think of young examples — like Mark Zuckerberg and Bill Gates — when they think of successful startup founders. New research shows that these cases are more the anomaly than the status quo — the average age of the most successful founder is about 42 years…

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Beware of “Magic Bullets”

I heard a commercial on the radio the other day. A very confident voice saying, “I was able to grow my business by using (some accounting software), in fact, I can run my business from a dashboard on my phone!” Like some sort of “Magic Bullet… I understand the marketing aspect of this statement. The reality is, you can have the best software on the planet but if the data is…

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