Year-end tax planning is right around the corner
It’s not too early to get ready for year-end tax planning. In fact,
many strategies take time to set up in order to gain maximum
benefit. Here are some preliminary considerations that may help
October 2016 tax compliance calendar
As an individual or business, it is your responsibility to be aware
of and to meet your tax filing/reporting deadlines. This calendar
summarizes important federal tax reporting and filing data for
How Do I? Get a tax break on my vacation home
Vacation homes offer owners tax breaks similar-but not identical-to
those for primary residences. Vacation homes also offer owners the
opportunity to earn tax-advantaged and even tax-free income.
FAQ: How are vacation homes taxed?
Vacation homes offer owners many tax breaks similar to those for
primary residences. Vacation homes also offer owners the
opportunity to earn tax-advantaged and even tax-free income from a
FAQ: How are LLCs taxed?
An LLC (limited liability company) is not a federal tax entity.
LLCs are organized under state law. LLCs are not specifically
mentioned in the Tax Code, and there are no special IRS regulations
What does ATRA do for estate planning?
The American Taxpayer Relief Act of 2012 (ATRA) has provided much
needed certainty for estate tax planners and for taxpayers who want
to arrange their financial affairs. For the first time in 10
How do I? Get the most from my inherited IRA?
Individual Retirement Accounts (IRAs) are popular retirement
savings vehicles that enable taxpayers to build their nest egg
slowly over the years and enjoy tax benefits as well. But what
happens to th...
How do I? Make a Section 83(b) stock election
Stock is a popular and valuable compensation tool for employers and
employees. Employees are encouraged to stay with the company and to
work harder, to enhance the value of the stock they will earn. E...
FAQ: What is a family partnership?
The family partnership is a common device for reducing the overall
tax burden of family members. Family members who contribute
property or services to a partnership in exchange for partnership
Contemporaneous tax records: Are you keeping up?
Everybody knows that tax deductions aren't allowed without proof in
the form of documentation. What records are needed to "prove it" to
the IRS vary depending upon the type of deduction that you may w...
FAQ: What is a disregarded entity?
A disregarded entity refers to a business entity with one owner
that is not recognized for tax purposes as an entity separate from
its owner. A single-member LLC ("SMLLC"), for example, is
Coming soon: greater tax-wise retirement options
Retired employees often start taking benefits by age 65 and, under
the minimum distribution rules, must begin taking distributions
from their retirement plans when they reach age 70 ½. Accordin...
FAQ: What tax breaks come with raising a child?
Taxpayers with children should be aware of the numerous tax breaks
for which they may qualify. Among them are: the dependency
exemption, child tax credit, child care credit, and adoption
credit. As th...
KWS CPA has provided accounting and tax services to individuals and businesses since 1985.
Our offices are located at
10175 Fortune Parkway, Suite 804, Jacksonville, Florida 32256, across from the Avenues Mall on Southside Blvd. 482 Jacksonville Drive, Jacksonville Beach, Florida 32250, in The South Beaches Professional Park.
We provide tax and accounting services to businesses and individuals. the KWS team is ready to handle all of your accounting needs from complete bookkeeping to complex accounting and tax matters. We're here to assist you with integrity and accuracy.
Our comprehensive tax and accounting services include:
Compilations and reviews
Business, individual, and Estate planning
Select our Client Services tab for a complete listing of services we provide.
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