Repair Regs

The IRS recently released special procedures that will allow small businesses to more easily adopt the tangible property regulations, more commonly known as the repair regs. These special procedures generally limit the changes in accounting needed to adopt the repair regs to amounts paid or incurred, and dispositions, in tax years beginning on or after…

Largest Ever IRS Phone Fraud Scam

The Treasury Inspector General for Tax Administration is warning taxpayers to be on alert for phone calls from individuals claiming to represent the Internal Revenue Service, but in reality are trying to defraud them, in what is being reported as the largest phone scam seen to date. TIGTA Inspector General J. Russell George, noted that…

Foelgner, Ronz & Straw PA Turns 30

Monday, February 10, 2014 – In 2014, St. Petersburg firm Foelgner, Ronz & Straw (FRSCPA) celebrates 30 years of service in the field of public accounting. FRSCPA provides outstanding accounting, audit, tax, and consulting services to its client base that includes architects, engineers, attorneys, physicians, surgeons, dentists, not-for-profit agencies, hospitality, and franchises, including McDonald’s® franchise…

taxes 1040

2014 Tax Season

Tax season is officially here!  As usual, there are some possible glitches to be mindful of. Already, the IRS has alerted taxpayers that the start of filing season will be delayed. Late tax legislation, although unlikely, could result in a further delay. Some new requirements under the Patient Protection and Affordable Care Act have been…

Accountant Helping Client

Business Valuations

Whether you are contemplating acquisition, merger, sale, new shareholders, shareholder equity, estate planning or marital dissolution, an objective valuation can make the difference between loss or gain, success or failure. Business valuation is not an exact science. It’s based on judgment, experience and relevant information. The FRSPCA professionals are well-qualified, trained, and have significant experience…