Filing Business Taxes in Florida: Step-by-Step Guide 

Beginner’s Guide to Filing Business Taxes in Florida Tax compliance can be a hassle, especially when you’re juggling a busy schedule and the demands of running a company in the Sunshine State. Overwhelming as it may be, filing business taxes in Florida correctly is key to setting your small business up for success. But where should you start? Our guide …

Lady Bird Deed vs quit claim deed in Florida

Lady Bird Deed vs Quit Claim Deeds: How to Pass on Real Estate in Florida

You probably know deeds are legal documents that transfer legal ownership of an asset from one party to another. However, you might not know that there are a myriad of deeds used in each state, each with different powers and limitations. The one you need depends on when and how you want to relinquish control of a property. For example, …

how to file taxes for the first time

Income Tax for Beginners: How to File Taxes for the First Time

Filing your taxes for the first time can be overwhelming. The good news is that a little preparation can reduce a lot of the stress and anxiety new filers experience at tax time. Here, our legal practice breaks down the key steps and offers a peek behind the curtain, exploring best practices for record-keeping and minimizing tax liability. This intro …

Good (and Bad) S Corp Tax Saving Strategies

S Corp Tax Saving Strategies: Smart Planning and Words of Warning Small business owners operate on slim margins, so it’s only natural to look for ways to save money. If you’re an owner of an LLC, you could reduce the amount of taxes you owe by electing to become an S Corporation (S Corp), a popular business structure that couples …

tax planning strategies for corporations

Beware of Bogus Tax Planning Strategies for Corporations

Not Quite a Scam: How Businesses Lose Money on Tax Planning Strategies for Corporations There’s no shortage of opinions on how businesses can avoid paying taxes. From social media influencers to your neighbor down the street, plenty of people are willing to put in their two cents about how you can take advantage of tax laws. Unfortunately, the quality of …

Trouble with IRS

Augusta Rule Violation Lands S-Corp in Trouble with IRS

Tax advice from social media influencers can have some BAD outcomes. For a few months now, we’ve seen people who are neither attorneys nor accountants recommending that business owners start renting out their homes to take advantage of the Augusta Rule. Sounds great, right? Who doesn’t love tax-free income? As you might guess – details (and documents) matter. According to …

Tax Planning

Creating Your Tax Plan Before Tax Season

Before you know it December 31st will be here and that means you’ll have run out of time for major tax savings, which could be available to you if you start strategizing now. The US tax system is based on privilege for the educated and organized — meaning those who are educated and organized tend to pay less taxes — and …

The Impact of Divorce on your Taxes

The Impact of Divorce on Your Taxes

Divorce can wreak havoc on your finances. What many divorced (or divorcing) couples don’t always realize is that they can expect to face recurring financial challenges during tax season for years after the divorce is finalized. While divorce is often (unfortunately) adversarial, leaving both spouses with animosity in its wake; tax season is an opportune time to put aside those …