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Borland Benefield, P.C. - Florence

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Borland Benefield, P.C. - Florence

Borland Benefield, PC – Florence | Trusted accounting, tax & advisory services with over 100 years of experience.

Borland Benefield, PC has been serving individuals and businesses across Alabama for more than a century. Our Florence office provides personal and corporate tax services, small business accounting, audit and assurance, and business advisory solutions. We work with individuals and families at every stage — from small business owners and professionals to 1099 contractors — providing smart, year-rou

nd tax strategies. What sets us apart is more than our experience — it’s our commitment to building strong client relationships while delivering professional, forward-thinking solutions. In addition to our tax and business services, our audit team delivers highly-personalized audit and attest services to many of our industries and community non-profits in the North Alabama area. From everyday accounting to long-term planning, we’re here to help you thrive.

01/02/2026

🎉HAPPY NEW YEAR!🎉

All of us at Borland Benefield want to say THANK YOU to our incredible clients. Your trust and support mean everything to us, and we're greatful to be a part of your financial journey in 2025!

As we begin 2026, we welcome the opportunity to serve new clients, especially those considering a change in their tax and accounting services. Whether your searching for a more responsive accounting team, a more personalized relationship, proactive tax planning, or trusted guidance through an always changing tax environment, our experienced team is here to support your success.

If you are ready to elevate your tax or accounting experience this year, we invite you to connect with our Florence office and learn how we can make a difference!

Here's to a prosperous and organized 2026, with Borland Benefield by your side!

11/20/2025

🧾 Smart Year-End Tax Planning for Business Owners

Running a business means staying a step ahead and that includes your tax strategy. As we approach year-end, here are a few key areas that can make a big impact on your 2025 tax bill:

📊 1. Review Year-to-Date Profit

Understanding where you stand now helps you plan for the final estimated tax payment and avoid an unexpected balance due in April.

🧾 2. Take Advantage of Available Deductions

Equipment purchases, technology upgrades, and certain business assets may qualify for Section 179 or remaining bonus depreciation. The timing of these expenses matters.

📚 3. Clean Up the Books Before December 31

Accurate, reconciled books lead to fewer surprises and a smoother tax filing season. This includes reviewing payables, receivables, mileage logs, and subcontractor payments.

🏢 4. Reevaluate Your Entity Structure

As your business grows, your current structure (LLC, S Corp, etc.) may not be the most tax-efficient. A quick review now could lead to big savings in the new year.

👥 5. Prepare for Payroll & 1099 Deadlines

Ensure W-2s, 1099s, and subcontractor information are complete and accurate before year-end to avoid penalties and last-minute stress.

10/01/2025

📢 Let's talk S Corp!

Choosing the right business structure is one of the most important financial decisions you can make. One option that can provide big benefits for certain business owners is the S Corporation (S Corp).

✅ Key Benefits of an S Corp:

- Potential tax savings through reduced self-employment taxes.

- Pass-through taxation, meaning profits (and losses) are reported on your personal tax return.

- Credibility with clients and vendors by operating as a formal corporation.

- Flexibility in paying yourself with a reasonable salary + owner distributions.

👥 Who might benefit from an S Corp?

- Small business owners with consistent profits.

- 1099 earners (consultants, contractors, professionals).

- Entrepreneurs looking for both liability protection and potential tax efficiency.

⚠️ An S Corp isn’t for everyone - there are rules, requirements, and nuances that matter.

📍 At Borland Benefield, PC, we help small business owners and professionals evaluate if an S Corp election makes sense for their unique situation and can handle the elecgtion and ongoing compliance.

💬 Have questions about whether an S Corp could work for you? We’re here to help.

09/15/2025

Spotlight: Client Accounting Services (CAS)

At Borland Benefield – Florence, we know small business owners wear many hats. That’s where our Client Accounting Services (CAS) team comes in.

✅ Bookkeeping & Monthly Financials - Clear, accurate numbers you can trust.
✅ Payroll Services - Hassle-free payroll so you can focus on your team.
✅ Bill Pay & Accounts Payable - Stay on top of cash flow.
✅ Customized Reporting - Insights that help you make better business decisions.

💡 Why it matters:
With CAS, you get the expertise of a professional accounting team, without the cost of hiring in-house staff. It’s like having your own accounting department, tailored to your business.

At Borland Benefield, we don’t just crunch numbers. We build relationships, offering the support you need to grow with confidence.

Want to learn how CAS could help your business? Let’s talk.

09/08/2025

📅 Reminder: Estimated Tax Payment Due Soon!

If you’re self-employed, a small business owner, or a 1099 earner, you may need to make quarterly estimated tax payments to stay on track with the IRS.

Here are the 2025 due dates for estimated payments:
✅ April 15
✅ June 16
⚠️ September 15 (coming up soon!)
✅ January 15, 2026

💡 Why it matters:
Missing a payment can lead to penalties and interest, while paying on time helps you avoid surprises at tax season.

At Borland Benefield, PC, we work with clients year-round to plan ahead and manage cash flow so tax time is easier.

Need help calculating or scheduling your September payment? Reach out today, we’re here to help.

09/03/2025

💡 What is the QBI Deduction?

If you’re a small business owner, freelancer, or 1099 contractor, you may qualify for one of the biggest tax breaks available: the Qualified Business Income (QBI) Deduction.

Here’s the simple version:
👉 It allows eligible business owners to deduct up to 20% of their qualified business income from their taxable income.
👉 This deduction applies to many sole proprietors, partnerships, S-corps, and some LLCs.
👉 It can significantly lower your overall tax bill, but the rules vary depending on your income level, type of business, and filing status.

📊 Why it matters:
The QBI deduction can be a game-changer for small businesses and self-employed professionals, but many people miss out because they don’t plan ahead or don’t realize they qualify.

✅ At Borland Benefield, we help small business owners and 1099 earners understand how to take full advantage of deductions like QBI while staying compliant.

Have questions about whether you qualify? Let’s talk, planning ahead could save you big at tax time.

09/02/2025

Tax season shouldn’t be a once-a-year scramble. Smart tax planning means looking ahead, not just looking back, and that can make all the difference for your financial future.

At Borland Benefield, we work year-round with:

✅ Individuals & Families: Making sure you keep more of what you earn by planning for deductions, credits, and life changes before it’s too late.

✅ Small Business Owners & 1099 Earners: Navigating estimated taxes, maximizing business deductions, and staying compliant while reducing surprises.

✅ High-Income Professionals: Creating strategies to minimize tax liabilities, prepare for future taxable events, and ensure compliance with changing tax laws.

The truth is, tax planning isn’t just about saving on April 15th, it’s about building a stronger financial strategy all year long.

If you’d like to explore how proactive planning can help you minimize your tax liability, reduce penalties and bring peace of mind, our team in Florence is here to help.

08/27/2025

📢 Big 2025 Tax Changes Are Coming 📢

The One Big Beautiful Bill Act, signed into law on July 4, 2025, brings several changes to note—especially if you're managing taxes as an individual or small business owner. Here's what you need to know:

✅ Higher standard deduction made permanent
✅ New deductions for overtime & tips
✅ Bigger child tax credit
✅ Auto loan interest deduction for U.S.-assembled vehicles

🔎 What’s New for Seniors
If you’re 65 or older, you may qualify for an additional deduction, giving extra relief on top of the standard deduction. This could make a big difference in lowering taxable income for retirees.

🔎 SALT Deduction Expansion
The cap on state and local tax (SALT) deductions has been raised, giving relief to homeowners and families in states with higher property or income taxes.

Have questions about how they impact you? We’re here to help — reach out to our Florence office at Borland Benefield, PC.

08/25/2025

📣 Welcome to Borland Benefield – Florence! 📣

Though this is our first post, we’re far from new. Borland Benefield, PC has proudly served clients across Alabama for over 100 years, and our Florence office has continued that tradition here in the Shoals for over 40 years.

We’re more than just accountants—we’re long-term partners in helping individuals and businesses thrive. Whether it’s personal or corporate tax, audits, small business accounting, or year-round planning for high earners and entrepreneurs, our team is here to provide expertise and genuine relationships you can count on.

✅ What to expect from this page:

-Timely updates and reminders
-Helpful accounting & tax insights
-Local community involvement
-A direct way to connect with our Florence office

We’re excited to use this page to stay connected with you—our neighbors, clients, and friends. Follow along, share with fellow business owners, and let’s keep building on a century of trusted service right here in Florence.

Borland Benefield, PC – Florence | Professional Expertise. Personal Relationships.

Address

313 West College Street
Florence, AL
35630

Opening Hours

Monday	8am - 5pm
Tuesday	8am - 5pm
Wednesday	8am - 5pm
Thursday	8am - 5pm
Friday	8am - 5pm

Website

https://borlandbenefield.com/

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