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Dealing with finances can be time consuming and confusing. It doesn't have to be, though, and getting help from a Fort Lauderdale Accountant can help to make things a lot less complicated. As you know, the IRS is working hard to make sure that you pay the government the right amount in taxes every year. Knowing that the government has an entire division dedicated to taking your money can be a stressful thought. This is especially stressful during tax season, as no one wants a personal visit from the IRS. That's why it's so important to have professional Fort Lauderdale tax preparation services to help you out with your yearly tax payments.

Keeping it Together

Unless you're an accountant, you probably don't have time to stay on top of the Florida tax laws. Let's face it, simply reading through the updates to a few new tax codes can make your head spin, even if you understand finances pretty well. The good news is that you don't have to be an up-to-date expert to ensure that you are doing all you can to save money on your yearly tax bill, while still being compliant with the tax law updates and changes. A  Fort Lauderdale tax preparation service can look your return over and correct mistakes that may prove to cost you money.

It's always smart to keep an eye on details, especially where your money is concerned. With a professional Fort Lauderdale accountant doing your tax returns, you don't have to assume that everything is alright, you'll know with certainty that your financial situation is under control. You may even end up with a smaller tax bill to pay or a substantially larger return check. Those are some pretty good reasons to get professional tax preparation assistance.

If you run a business in Florida, you are undoubtedly familiar with the Florida Sales and Use Tax laws. After all, when you offer products and services for sale, you are liable to keep track of those sales and make the appropriate payments to the IRS. If you've been in business for years, you may know more about these laws than you want to, as it is not at all unusual for businesses of every size to go through an audit by the IRS. This is always a very stressful time for business owners, but it can be made more manageable when you have the help of a qualified Fort Lauderdale Accounting Firm on your side.

How can a Fort Lauderdale Accounting Firm Help During an Audit?

Ever business is different, and every audit is going to be unique, but there are some things that every business needs when a Florida Sales and Use tax audit is imminent. The first thing your business needs is to be scrutinized internally. Having good records that have been reviewed by your accounting firm is the foundation for surviving a tax audit. There may be details that got overlooked by in house staff, that a professional accounting firm will notice right away.

Identifying the gaps and offering the right advice on how to fill those gaps during an audit are just a few of the ways that an experienced accounting firm can help your business during a tax audit. Don't think that an audit has to mean trouble for your business, working with financial professionals is the best step you can take to keep your business protected, so that you can get past your tax issues and get back to business as usual.
If you are to sell a product or offer a service in the state of Florida, the first thing you have to do is to register as a sales dealer. This shows your acknowledgement to represent the state as an agent to collect Florida sales and use tax on each and every taxable transaction. What a lot of people forget however is the fact that this is also a USE tax. Basically what this means is that you owe the government money for any and all tangible equipment, such as computers, that you bring into the state untaxed. This also includes items bought off the internet and shipped over to you. Below are the top ten filling errors that you should avoid when it comes to this issue.

1.    None filling of zero return – even if you have no returns, you still have to file it.
2.    Filling in late – if you are able to file on time or earlier, then you can get up to $30     allowance.
3.    Forgetting to file on each collection period – this will cost you money
4.    Wrong computation of numbers
5.    Forgetting to compute for penalties
6.    Not completing the front and back of the form
7.    Do not include gross sales with collected taxes
8.    Incorrect calculation or computation of collection allowance
9.    Placing transactions on the wrong lines
10.  Forgetting to compute penalties and interests as well

When it comes to Florida sales and use tax, these are some of the most common mistakes. This can be avoided by simply keeping your head clear and paying complete attention to what you are doing when completing this task. On the other hand, you can also hire an
expert to do it for you as well so that you can attend to other matters regarding your business.

When selecting a Florida accounting firm it is often best to go with a firm that can take care of all of your needs.  Some firms specialize in only tax, others in payroll, and still others in various other forms of accounting.  In order to get the best value and make things easier on yourself, selecting a firm that can handle all of your accounting needs is often the best option.

If you run a business you likely have multiple accounting needs.  You need a firm that can handle payroll and business taxes.  An accounting firm that also offers budgeting and business planning can be desirable.  The success of your business depends on keeping good books.  Simple errors in bookkeeping can lead to disasters when the taxman or potential investors come to look at your financial records.  Letting a proven and dependable accounting firm handle the financial record keeping of your business will ensure that small bookkeeping errors never spell disaster.

Another benefit of hiring a firm to handle things such as payroll is that you can drastically cut overhead from your business. It is simply cheaper to hire a firm to handle the payroll than it is to pay a staff of employees plus their benefit packages.  If one of your goals this year was to reduce overhead, letting a Florida accounting firm handle your record keeping is a great place to start.

If you would like to learn more about the benefits of letting an accounting firm handle your banking and bookkeeping needs, visit us at for more information.

 Florida sales and use tax can cover so many areas of business.  I was tired of the every day monotony of working a daily job and decided to make a leap.  I was on the hunt for a home to remodel and resell.  Some of us call it “flipping”.  The real estate market was a buyers market and prices were red hot.  In searching on the web, I had come across a large property with a small 3 bedroom home that needed some work and it was under my price range so I went for it.

I was only required to pay less than $500 per month for my mortgage and so I took the remainder of my down payment and started work on the place.  It was in a small town and the local lumber company was just 3 miles away with the county clerk’s office just 5 miles away to take care of the tax deeds.  So, I set out to visit the appraiser’s office to ask some questions.  I found out that the properties in the area were having amazing deals and that I needed to grab up some additional land.

In continuing my quest for ending the 9-5 daily work schedule, I thought that writing tax deeds was the way to go.  I couldn’t figure it out on my own and maybe there was a company that would hire me to work from home so that I can arrange my own hours and not be stuck in an office.  This avenue I took in sales worked very well for me and it can for others.  If you are not able to do this, or do not have the desire, yet want to own property, contact a Florida sales and use tax team that can assist you.