Tax

We prepare Forms 1120-S, 1065, 1120, and Schedule C returns along with the Florida filings that go with them, and we review the entity's tax election each year to make sure it still fits. For S corporation owners, that includes setting a defensible reasonable salary and planning distributions.

Planning happens before year end, with projections and specific moves (equipment timing, retirement contributions, entity changes, accountable plans), so there is time to act.

For most of our clients the individual return and the business return are two halves of the same picture, and we prepare them together so decisions on one side are reflected on the other. We handle rental properties, K-1s, stock and crypto activity, multi-state filings, and the estimated payments that keep you out of penalties.

Each return comes with a short review: what drove the result, what changed from last year, and what to do differently.

Cross-border situations carry the steepest penalties in the tax code, and most of them are for forms that were never filed rather than tax that was never paid. We handle the information returns (FBAR, Form 8938, 5471, 5472, 8865), treaty positions, withholding on payments to foreign persons, and the structuring questions that come before any of it.

We also help foreign investors in Florida real estate understand FIRPTA withholding and choose a holding structure before they close.

The Form 990 is a public document that donors, grantors, and regulators read, so we prepare it to be accurate and to present the organization well. We also monitor the issues that put exemptions at risk: unrelated business income, compensation disclosures, and state registration requirements.

For new organizations we assist with the exemption application and the bookkeeping structure that makes the first 990 easy.

A building is normally depreciated over 27.5 or 39 years. A cost segregation study identifies the components (flooring, cabinetry, specialty electrical, land improvements) that qualify for 5-, 7-, or 15-year lives and bonus depreciation, which can move a large share of the purchase price into the first few years of deductions.

We coordinate the engineering study, model the tax effect before you commit, and make sure the results are used correctly on the return, including the passive-activity and short-term rental rules that determine whether the losses are usable.

Florida sales tax has its own traps: discretionary surtaxes vary by county, the rules for contractors and improvements to real property catch many businesses off guard, and recent changes (including the 2025 repeal of the tax on commercial rent) mean what you collected last year may not be what you owe this year. We register you, set up collection correctly in your point of sale or invoicing system, and file monthly or quarterly returns on time.

If you've received an audit notice or have been collecting without remitting, we handle the response and negotiate the resolution.

Planning starts with a projection of where the year is headed, then works through the levers available: entity structure, compensation and retirement plans, timing of purchases and income, real estate strategies, and the credits and deductions specific to your industry. Each recommendation comes with the estimated savings and the steps to implement it.

We revisit the plan at mid-year and again in the fourth quarter so there is still time to act.