Foreign Investment in Real Property Tax Act (FIRPTA) withholding is the withholding of tax on dispositions of United States real property interests. FIRPTA applies to foreign individuals who intend to sell a real property located in the United States. FIRPTA…
The world has changed dramatically over the last few months due to the Coronavirus pandemic. Many existing small businesses are changing gears and revamping their services and offerings and many new businesses are being started. It is important to have…
The Economic Injury Disaster Loan (EDIL) advance or EDIL Grant is free money from the federal government to help offset the financial hardships due to the COVID-19 pandemic. This loan, while backed by the Small Business Administration (SBA) is also…
The extended 2019 tax filing and payment deadline is coming up on July 15. The postponement from the standard April 15 deadline was intended to provide temporary tax relief due to the COVID-19 pandemic. Taxpayers and businesses who had 2019…
You can’t turn on the news these days without new legislation affecting everything we know about doing business during the Coronavirus pandemic. Navigating through new legislation can affect almost every facet of your business. During this time of uncertainty, your…
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,…
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…
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…
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…
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…
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…
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.
Most people grow up believing the bank is the safest place to keep their money. It feels secure. It feels responsible. It feels like the smart move. But here’s the problem: while your money may be physically safe in a…
Did You Get Hit a Huge Tax Bill? Here’s What S-Corp Business Owners Can Do both Now and Next Year If your stomach dropped when you saw your tax bill… yeah, this article is for you. Let’s walk through three…
Short answer? Yes, you should buy a home in 202, but not for the reasons most people think. Real estate is still worth it in 2026 because of powerful tax strategies like cost segregation, bonus depreciation, and real estate losses….
If you’re a business owner who just had your taxes calculated and your breath stopped when you saw how much you owe, you’re not alone. This guide walks through what you didn’t do last year, what you can still do…
Most people believe the bank is the safest place to keep their money. While banks may feel secure, keeping excess money in the bank is often one of the worst places for it to sit. In this guide, we’ll walk…
Many homeowners want to leave their home to their children, yet few realize that how they do it can mean the difference between a smooth transfer or tens of thousands of dollars lost to taxes. This guide explains how to…
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…
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 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…
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…
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):…
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…
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…
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…
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…
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…
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…
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…
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:…
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…