Tampa Tax Prep

Whether during uncertain or robust economic times, CPAs remain in high demand. Your business is thriving? You need an accountant. Your business is failing? You need an accountant. According to IBISworld, the accounting services market was a $143.4 billion profession last year. Whether in taxes, auditing or consulting, CPAs play a vital role in helping companies and individuals solve compliance issues and chart their course for better business solutions—from valuation to financial planning, from attestation to IRS representation, from consulting to estate planning.

Reach out anytime by email, or mention us to a friend who you think might benefit from a free call with a Florida licensed CPA. [email protected]

Info for the hustlers: Are you making extra cash selling stuff or providing a service?

Are you making extra cash selling stuff or providing a service? If you sell items or provide a service and get paid by payment card or through a payment app, you may get a Form 1099-K reporting those transactions. Learn m...

https://www.irs.gov/newsroom/irs-increases-mileage-rate-for-remainder-of-2022

IRS increases mileage rate for remainder of 2022 | Internal Revenue Service IR-2022-124, June 9, 2022 — The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain oth...

: Here’s how to tell the difference between a hobby and a business for tax purposes.

Here’s how to tell the difference between a hobby and a business for tax purposes | Internal Revenue Service Tax Tip 2022-57, April 13, 2022 — A hobby is any activity that a person pursues because they enjoy it and with no intention of making a profit. People operate a business with the intention of making a profit.