Page 8 - PGA Community News - June '21

Page 8, PGA C.A.N.! June 2021 June 2021

Tax Talk

Dear Friends: law firm or medical practice with multiple practitioners), Answer: No. If you are a home-based employee
With more than 90,000 each professional under your office roof will need their answering customer service calls from your home for your
businesses in Palm Beach own BTR. Also, check with your local municipality for company and you receive a W-2 from that company, you
County, we are preparing its local Business Tax Receipt requirements. do not need to obtain a BTR.
for the annual Business Question: I’m an art student and run a small side Visit www.pbctax.com/local-business-tax for full
Tax Receipt (BTR) renewal business selling my crafts directly to buyers on Instagram details, forms, and an online payment portal.
period which runs July 1 and other selling platforms like Etsy, do I need a Business
through Sept. 30. I thought Tax Receipt? Important Dates And
this would be a perfect Answer: Yes, you do need a Business Tax Receipt, even
time to answer some of the if you’re selling homemade goods online and don’t intend Deadlines
more common questions we to open a storefront. The BTR application is available on
receive about the BTR and www.pbctax.com and the annual BTR renewal fee can be June National Safety Month
to provide you with resources for additional information. paid online. Also check with your local municipality for June 1 Tourist Development Tax Due
June also brings the start of hurricane season and I, like its local Business Tax Receipt requirements. Hurricane Season Begins
you, want to be prepared for any storms that may come Question: I live in Martin County but run a construction June 20 Father’s Day
our way this year. Now is the time to make your plans and business that recently started doing work in Palm Beach June 30 June Discounted Installment Payment Plan
we want to help you with those plans, so I am thrilled to County, what are my Business Tax Receipt obligations? Payment Due
announce the availability of our hurricane guide for our Answer: You will need to apply for a BTR from Palm
Palm Beach County residents and businesses. Beach County by visiting www.pbctax.com and be sure to
Stay safe, check the local municipalities within Palm Beach County
Anne M. Gannon, that you are doing business in, as each has separate BTR
Constitutional Tax Collector, requirements, and will verify that your BTR is up to date
Serving Palm Beach County prior to issuing work permits. You are required to obtain
a BTR within 30 days of starting business in Palm Beach
County, and penalties will be charged after that grace period.
Question: I work from home as a customer service
representative answering phone calls for my employer,
who has provided me with all the necessary equipment I
need to perform my job, do I need a Business Tax Receipt?

Asset Advisory Services – Forty Years

of Designing Personalized Financial

Plan. Prepare. Protect. Solutions with Insight and Integrity

June 1 marks the beginning of hurricane season and
each year at this time it is all about preparations. Those We know how incredibly personal it is to plan for a Managing your Wealth in Alignment with
of us who have been through storms before, understand lifetime of secure financial fulfillment. It is the very basis that your Life - Our 5-Step Approach:
the importance of preparing and planning to avoid being we at Asset Advisory Services promise to draw from when Discovery – Assessment – Evaluation –
caught off guard from an approaching storm. For our crafting a unique approach, tailored to fit your individual Implementation – Adaption
newest neighbors who have not experienced one of these financial goals - planned to suit what is most important to Our top goal is to exceed expectations with care.
tropical storms or hurricanes, we can help you become you. We are celebrating our fourth decade of providing the One way we accomplish this is by offering educational
more prepared and more informed with your storm highest level of care to our clients. workshops to expand your knowledge and illuminate our
preparations. We are very proud to once again provide Our Founder, Curtis S. Francisco, CFP , AIF built the wide array of services to you. At Asset Advisory Services,
®
®
our Hurricane Guide filled with crucial information for firm from a strong work ethic and personalized touch to help we lend our expertise in helping you manage the many
preparing for this year’s hurricane season. The guide people make their very best investment choices. His son Joe and complicated factors that contribute to a stable and
is chock-full of information, such as, important phone has worked alongside him in the firm for the past 6 years. sustainable Financial Home.
numbers, items to include in your hurricane supply kit Our staff consists of seasoned professionals with over 20 Our clients count on us to review market trends and
and steps you can take to prepare before a storm arrives. years of combined experience. current events, monitor and advise them on cash flow and
To download a copy of our Hurricane Guide, please Our advisors at AAS take the time to get to know you and performance, and to keep their portfolios on track to the
visit www.pbctax.com. your family and take pride in the practice of “relationship highest consistent level of performance possible. Throughout
investing.” Realizing that your needs and experiences will the year we review current tax returns, and advise on
New Business Listing shift over the years as you flow with your loved ones from strategies to secure better deductions, to minimize your tax
Accumulating your Wealth to De-cumulating your Wealth, liability in conjunction with saving for your retirement.
Did you know that we offer our intention is to invest in you as a partner in your process. When questions about your investments, your tax
new Palm Beach County business Our goal is to help you pursue your short and long-term planning, your complex estate concerns, your retirement,
listings to the general public dreams, no matter your stage in life. planning and maintaining proper levels of your insurance
through our subscription service? arise, think of Asset Advisory Services – we are here to keep
Visit www.pbctax.com to complete “Our approach gives us a unique you on the path to Financial Freedom.
an application to sign up for this subscription service. perspective that allows us to create
the right plan for you and your
Ask Anne investments. We can help you get
where you want to go safely, while
We receive many managing the risks that can impede
inquiries from business your progress.”
owners, sole proprietors - Curtis S. Francisco, CFP ,
®
and professionals who AIF , Founder, President, Asset
®
work from home and Advisory Services
others about the local The team that has the knowledge and credentials to deliver
Business Tax Receipt We host educational workshops and everything you need to plan for your future. Left to right
(BTR). Any person selling merchandise or services in appreciation events that keep our clients at the - Andrew J. Francisco, M.Ed., Associate Advisor; Joseph
®
Palm Beach County, or operating as a one-person, remote, center of the personalized care we deliver with C. Francisco, AIF , Vice President; Curtis S. Francisco,
®
®
®
or home-based business must have a BTR, and renew it consistency and dedication. CFP , AIF , President; Lori M. Colclasure, CFP , CPA,
annually. There are some exemptions to this requirement The experienced team at Asset Advisory Services brings RICP, CDFA, Wealth Advisor Photo credit: Scott Steger
that can be found on our website, www.pbctax.com. You strength of a unified team approach. Our “big-picture”
must also check with your local city or municipality in mindset to financial wholeness keeps us focused on actively We look forward to hearing from you at: 561.747.9550
which you operate as to local business requirements as retaining “financial staying-power” vs. passively pursuing To schedule your Complimentary Financial Review
well. Recently, we have been hearing from remote or simple “financial management.” This care is what clients have Asset Advisory Services, Inc.
home-based professionals seeking information. Here are come to count on from us throughout the years. Our system Three Palms Center
a few questions from Tax Talk readers. of review meetings and meaningful updates helps us keep a 2141 Alt A1A South Suite 310
Question: I just moved to Florida and plan on working pulse on what is happening in your life, and assist you with Jupiter, Florida 33477
remotely before establishing an office for my business, mapping out new strategies as you navigate each stage of life. To learn more about what we can do for you,
what Business Tax Receipt type will I need to obtain? Is the financial planning process new to you, or are you please visit us at: www.AssetAdvisoryServices.com
Answer: As a sole professional working from your simply in need of a second opinion? We are happy to help.
home, you will need to apply for a Business Tax Receipt We take pride in being the premier colleague in your big- Securities and Advisory Services Offered through Commonwealth Financial
®
Network Member FINRA/SIPC, a Registered Investment Adviser.
(BTR) for yourself. Once you open your office, the office picture financial success plan! Fixed Insurance products and services offered through CES Insurance Agency
will need a BTR as well. If you grow your business and Paid Advertisment
have other professionals working in your office (such as a