Many small business owners feel lost in the shuffle when it comes to securing a Paycheck Protection Program (PPP) loan. The program was created to help small businesses stay open and continue to pay employees for up to 8 weeks,…
Accounting Blog
Understanding US Gift Tax Return – Form 709
Did you give a gift during the tax year and are you unsure if it is taxable? We get “gift” related tax questions all the time. As it turns out, some gifts are taxable and some are not. Now, let’s…
What is the Paycheck Protection Program?
As part of the recently passed $2.3 trillion economic lifeline package, the Paycheck Protection Program will provide forgivable loans to small businesses due to the unprecedented economic disruption caused COVID-19. CPA Accounting & Tax Services has outlined important items you…
7 Tax Deductions You Won’t Want To Miss Out On
With tax season in full swing and many changes to already complicated tax law for 2019 tax returns in effect, it is important to be aware of commonly overlooked tax deductions and credits that you may be missing. From college…
9 Most Asked Questions About International Tax Matters
Navigating through the many intricacies of international tax laws can be confusing and complicated. Common questions often arise, from when to file taxes overseas to how to apply for a Taxpayer Identification Number. CPA Accounting & Tax Services specializes in…
7 Top Filing Season Changes for 2019 Tax Returns
Tax season is in full swing with the Internal Revenue Service (IRS) processing tax returns since January 27, 2020. This year, there are 7 important filing season changes for 2019 tax returns that you should be aware of. The experts…
Press
Our very own Sonia Narvaez was featured in 3 segments for the 2017 tax season on Fox News. If you would like to interview Sonia, please contact our Orlando office by calling 1-407-382-6658. Click on any of the interviews below to watch them in their entirety.
Tax Time Again!
A simple list To prepare your taxes With so many new rules and regulations starting this year unless you have a 1040 EZ tax return you will be facing confusing times even to prepare a basic return. With many years…
IRS Free E file
Nothing is free in life! Most of the us would like to have our taxes prepared for free, but usually nothing is ever free! If you are preparing your taxes online through e file because you made under 60,000 it…
2026 Tax Brackets Explained – How They Really Work & How to Save Money
2026 is coming up real fast, and the tax brackets are going to change. In this post, we’ll walk through: How these new brackets affect you How tax brackets actually work (most people misunderstand them big time!) What you can…
How to Avoid Capital Gains When Passing Your Home to Your Children
Are you trying to pass down your home to your kids? In this post, we’ll walk through how to avoid capital gains once your children inherit your house, what to do, what not to do, and how this gets done…
HSAs in 2026 – What’s Changing and Why It Matters
HSAs in 2026 are going to be changing with higher limits and now, even more health plans will be available to qualify. The 2026 tax changes will allow a lot more Americans to take advantage of the triple tax benefit…
Boxable Houses: The Investment that Reduce Taxes IMMEDIATELY!
Did you make a lot of money this year either through W-2 income or business income? Are you looking to significantly lower you tax bill? If so, you are in the right place. Today we are discussing a great tax…
5 Profit Killers Destroying Your Business
Mistakes often kill your profit. Today, I want to discuss with you the five things you need to examine carefully so you can protect, and improve your profit. 1. The Subscription Sneak Attack We all fall for this (CPAs included):…
What To Do Before the 2026 Tax Season
The 2026 Tax season might feel far away, but getting organized now can save you serious stress, and money. Today we are discussing five essential steps you should take before the 2026 tax season so you can file smoothly, avoid…
5 Things You Should Do Before Starting Your Own Business
After more than 25 years in business, I’ve watched countless small companies rise and fall. Often businesses fail because the repeat the same exact mistakes that everyone else is making. If you’re thinking about starting your own business, there are…
The Wealth Killer Nobody Talks About…
How Car Payments Keep You Poor, and What To Do Instead Remember about three months ago when you bought that shiny new car? It looked incredible, smelled amazing, and felt like the perfect upgrade. Fast-forward a few months later, and…
5 Money Habits Keeping YOU Poor!
What’s keeping so many Americans broke? Believe it or not, it often comes down to a handful of habits repeated week after week. It’s that simple. It doesn’t matter if you are a CPA or not; we all have to…
5 BIGGEST Mistakes Real Estate Investors Make!
Real estate can be a powerful investment or a financial disaster if you don’t know what you’re doing. What looked like a great deal 20 years ago in a certain neighborhood might now be a total mess. Let’s walk through…
Avoid These 5 Mistakes When Starting A Business
As a business owner, I’ve seen so many people make basic mistakes when starting out. These mistakes could easily be avoided, saving a lot of trouble down the road if they just start the right way from the beginning. So…
5 Big Beautiful Bill Tax Changes That Can Impact YOU!
The Big Beautiful Bill…interesting name for a tax bill, right? I’ve researched the five most talked-about topics concerning this bill. Today I am going to cover these top 5 topics hot topics from my perspective as a CPA. 1. No…
How to Fix Your Personal Tax Return! Step by Step Guide
Amending your personal income tax return may seem overwhelming, but it’s a manageable process when you break it down step by step. In this guide, I’ll walk you through how to correct your return using IRS Form 1040-X. Step 1:…
How to Do Bookkeeping Manually (Without Software!)
Requirements to Get Started with Bookkeeping Manually So, to get started with Bookkeeping Manually (without software), we have just two requirements. They are: #1 – First, you must have a bank account that is used exclusively for business income and…
How To Calculate The Mileage Tax Deduction!
Understanding the Mileage Deduction That Can Make a Big Difference on Your Tax Return Do you know how to calculate the mileage deduction that will make that big break on your tax return? In this blog post, I am going…
How to Calculate the Home Office Deduction!
Today we are going to dive into a very popular topic amongst those who work at home. It’s How to Calculate the Home Office Deduction. Many of my clients had lots of issues with calculating this deduction this past tax…
How to Sell Your Home Tax Free
If you lived in your home two years out of the last five years, Section 121 allow you to exempt $250,00 for single individuals and a whopping $500,00 if you are married on capital gains when you sell your home….
What is the American Opportunity Tax Credit (AOTC)?
Think of the American Opportunity Tax Credit (AOTC) as a little “thank you” from the government for investing in education. It helps students (or their parents) save on taxes by covering some college costs. Here’s how it works: You can…
5 Mistakes to Avoid When Electing S-Corporation Status (and Why It Matters!)
Hey everyone, welcome back to my blog! If you’re thinking about electing S Corp status for your business, this video is a must-watch. Making the wrong moves can cost you big time—from unexpected taxes to legal trouble, or even losing…
Did You Get a 1099-K from Venmo or PayPal? Here’s What You Need to Know!
If you’ve ever received payments through Venmo, PayPal, Cash App, or any other payment processor, you might have received a 1099-K form. And you might be wondering, what is this? Do I need to do something with it? Well, I’ve…