When Can I Start Filing Taxes?
Its Tax Time…. Contact us today at 850-435-8844 or send us a message at support@pharrcpa.com! The IRS starts accepting tax returns this year on Jan. 27. If you’re anticipating a refund, you may want to start filing as soon as...Read More →
Changes for Your Upcoming Tax Return
Last year was a tough one for taxpayers, new laws took effect that dramatically changed how people had to file their tax returns. The returns looked different, with the old forms going away which requiring everyone to use the same...Read More →
Is a Roth your best choice for an IRA?
If you expect to be in a higher tax bracket in the future, the answer may be yes. Roth and traditional retirement accounts are taxed differently. Which account you choose should be based on your current and future tax rates....Read More →
Did You Receive a 1099?
1099 Contractors Do you perform odd jobs around the year and receive a 1099 for employment that’s not your everyday work? If so, your expenses can be deducted! If you do anything from refereeing, modeling, fishing, etc. and are compensated...Read More →
Thinking of Going Solar?
Certain energy-efficient home improvements can cut your energy bills and save you money at tax time.
Holiday Deductions
Holiday gifts made to customers are generally deductible as ordinary and necessary business expenses.
New Tax Bill Questions
Tax reform discussions continue in Washington with legislation expected to be released very soon.
Business Entertainment Expenses
As a business owner, you are eligible to deduct certain expenses related to entertaining clients.
Can You Itemize Your Miscellaneous Deductions?
If you usually claim the standard deduction, it might be time for you to start thinking about itemizing to lower your taxes.
Virtual Currency (Cryptocurrency)
As the times start to change and more Millennials are getting jobs, virtual currency is becoming more popular.