Accounting Group of South Florida

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Accounting Group of South Florida Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Accounting Group of South Florida, Tax preparation service, Hialeah, FL.

10/20/2026

If you only check your numbers at tax season... you’re already too late. 📉⏳

Waiting until the end of the year to look at your financials means you're just reacting instead of growing. Revenue can rise while profit shrinks, expenses can creep up, cash flow can tighten, and your bank balance won't always tell you the full story.

Your business deserves more than a once-a-year scramble. Regular monthly financial reviews empower you to make smarter decisions about spending, hiring, pricing, and strategic growth. Don't run your business on assumptions—know your numbers and lead with facts. 💡📊

Ready to take control of your financial health? Contact Accounting Group of South Florida today and let's plan for your success! linktr.ee/ceibaaccounting

A generous gift and a documented gift aren't automatically the same thing for tax purposes.For any single contribution o...
10/20/2026

A generous gift and a documented gift aren't automatically the same thing for tax purposes.
For any single contribution of $250 or more, the IRS requires a contemporaneous written acknowledgment from the charity before you can claim the deduction — not just a bank or credit-card record. It needs to confirm the amount, describe any noncash item without assigning it a value, and state whether you received anything in return. You have to have it in hand by the earlier of your filing date or its due date with extensions.
Noncash gifts add another layer: contributions over $500 in total generally require Form 8283, and claimed values over $5,000 for an item or group of similar items typically require a qualified appraisal.
If year-end giving is part of your plan, requesting the acknowledgment letter at the time of the gift is simpler than tracking it down in March.

The IRS e-file requirement for information returns trips up more businesses on how the count works than on the threshold...
10/19/2026

The IRS e-file requirement for information returns trips up more businesses on how the count works than on the threshold itself.
It's not 10 of any single form. The rule adds up nearly every information return type a business files in a year — W-2s, 1099-NECs, 1099-MISCs, and others — and once that combined total hits 10, e-filing is required for all of them. Six W-2s and five 1099-NECs is eleven returns, not two separate totals of six and five that each stay under the line.
If paper filing has worked fine in past years, it's worth re-checking the combined count before assuming this year is the same.

#1099

10/16/2026

Starting a new business? Before taking on your first client, you need to make sure your foundation is rock solid. Missing a step early on can lead to costly headaches down the road.

Here are the 5 essential things you need to get right from day one:
1️⃣ Choose the right business structure for your unique situation.
2️⃣ Get your EIN and properly set up your business information.
3️⃣ Open a dedicated business bank account to keep your finances clean.
4️⃣ Establish bookkeeping from day one so you always know where you stand.
5️⃣ Plan for expenses and estimated taxes to avoid surprises at tax season.

Building a strong financial foundation now sets you up for long-term success. Need guidance setting up your business the right way? We’re here to help! linktr.ee/ceibaaccounting

A trust account can look fine from the bank balance alone and still be out of compliance underneath it.Florida's trust a...
10/16/2026

A trust account can look fine from the bank balance alone and still be out of compliance underneath it.
Florida's trust accounting rules require a monthly three-way reconciliation: the bank statement, the firm's trust ledger, and the individual client ledgers all have to match, not just the bank statement and one of the other two. A balance that looks right on the bank statement doesn't confirm that each client's funds are correctly tracked at the ledger level.
This is one of the first things reviewed if a trust account is ever examined, and it's far easier to keep current every month than to reconstruct after the fact.

10/15/2026

Stop just looking at the past. Your numbers should do more than explain what happened last month—they should help you decide what's next. Whether you're looking to hire, take on new projects, or invest in growth, having the right financial strategy changes everything.

Let's grow your business together! 📊💼🚀 linktr.ee/ceibaaccounting

Florida's statutory lien-waiver form is written to take effect the moment it's signed — not the moment payment actually ...
10/15/2026

Florida's statutory lien-waiver form is written to take effect the moment it's signed — not the moment payment actually clears.
That means an unconditional waiver gives up lien rights for the amount stated whether or not the check ever arrives or goes through. A conditional waiver is the version that ties the release to payment actually being received, but it only works that way if the form used actually says so — Florida law lets parties use the statutory form, something that substantially follows it, or another form entirely, as long as both sides agree.
Before signing anything in exchange for a payment that hasn't cleared yet, it's worth knowing which version is actually in front of you.

10/14/2026

Just because you sent an invoice doesn’t mean that cash is in your bank account. 💸

Revenue tells part of the story, but understanding your cash flow—what's actually been paid versus what's still owed—is what keeps your business moving forward. Remember: money you're owed isn't money you can spend yet.

Let’s get a clear picture of your financials together. Know your numbers! 📊✨

Starting with plan years beginning after December 31, 2025, a new SECURE 2.0 rule changes how certain 401(k) catch-up co...
10/14/2026

Starting with plan years beginning after December 31, 2025, a new SECURE 2.0 rule changes how certain 401(k) catch-up contributions have to be made.
If your prior-year F**A wages from the employer sponsoring the plan were above the threshold — $150,000 for 2026, based on 2025 wages — your catch-up contributions (generally available starting at age 50) have to go in as Roth, after-tax dollars, instead of pre-tax. Below that threshold, the pre-tax option is still available. The rule only looks at wages from the plan's sponsoring employer, so a self-employed owner with no W-2 wages from that employer generally isn't swept into the requirement by this test alone.
If your firm's 401(k) plan allows catch-up contributions at all, it now also has to offer a Roth option to stay compliant. Worth confirming with whoever administers your plan before year-end contributions are finalized.

The easiest time to get a W-9 from a contractor is before you've paid them, not in January when you're trying to file 10...
10/13/2026

The easiest time to get a W-9 from a contractor is before you've paid them, not in January when you're trying to file 1099s and they've stopped returning calls.
If you expect to pay any contractor $600 or more during the year, you'll need a valid W-9 on file to issue their 1099 correctly — including the right name, entity type, and taxpayer ID. Collecting it as part of onboarding, before the first payment goes out, avoids the year-end scramble entirely.
If you've been meaning to check whether every contractor you've paid this year has one on file, Q4 is the natural time to close that gap.

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Hialeah, FL

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(786)2691892

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