Sunshine State Tax and Accounting Services, LLC

07/20/2026

You probably have retirement questions: How much should I save before I quit working? When should I start taking Social Security benefits? Can I retire before Medicare coverage kicks in? What about taxes in retirement? We can provide you with answers based on your individual financial circumstances and retirement goals. Contact us at (850) 510-7314.

07/16/2026

In the event of divorce, part or all of a married couple’s business will often be considered divisible marital property. If you’re in this situation, you likely can divide your business ownership interests without triggering federal income or gift taxes. The spouse receiving the interests assumes the existing tax basis (to determine future gain or loss) and holding period. Tax-free treatment generally applies to transfers made before, during or up to a year after the divorce. Transfer recipients will owe taxes on any gain if they later sell the ownership interests. Call us at (850) 510-7314 for more information on the tax implications of divorce.

07/15/2026

Accurate bookkeeping and timely accounting records provide the foundation for informed decisions throughout the year. When your books are current and reliable, it’s easier to manage cash flow, identify operational issues and jump on growth opportunities. Contact us at (850) 510-7314 for help streamlining your financial reporting processes and reducing year-end surprises.

07/14/2026

06/30/2026

𝗜𝘀 𝗺𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘀𝘁𝗶𝗹𝗹 𝗽𝗮𝘆𝗶𝗻𝗴 𝘁𝗮𝘅𝗲𝘀 𝗼𝗻 𝗲𝗾𝘂𝗶𝗽𝗺𝗲𝗻𝘁 𝗜 𝘁𝗵𝗿𝗲𝘄 𝗮𝘄𝗮𝘆 𝘆𝗲𝗮𝗿𝘀 𝗮𝗴𝗼?

When you buy equipment, it gets added to your depreciation schedule. But if you later throw it away, sell it, or replace it without updating your records, it can stay on your books for years.

In our industry, we call these ghost assets (items that no longer exist in your business but are still haunting your accounting records).

That can create two costly problems:
• You could be paying local property taxes on equipment you no longer own.
• You could be missing a tax deduction from properly disposing of the asset.

That's why it's worth reviewing your fixed asset list every so often. You might be surprised by what's still hanging around on your records.

Comment GHOST below if you'd like us to review your active asset listing for ghost assets and other missing items.

06/29/2026

How to Check Your Tallahassee Small Business Profitability Midyear

Boost small business profitability with a midyear financial check. Learn the key metrics to track and how to prevent year-end tax surprises.

06/29/2026

𝗪𝗵𝗶𝗰𝗵 𝗻𝘂𝗺𝗯𝗲𝗿 𝗱𝗼 𝘆𝗼𝘂 𝗹𝗼𝗼𝗸 𝗮𝘁 𝗳𝗶𝗿𝘀𝘁 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀, 𝗮𝗻𝗱 𝘄𝗵𝘆?
a. Total Revenue
b. Bank Balance
c. Monthly Expenses
d. Net Profit

(𝘐𝘧 𝘺𝘰𝘶𝘳 𝘢𝘯𝘴𝘸𝘦𝘳 𝘪𝘴 '𝘣', 𝘸𝘦 𝘮𝘪𝘨𝘩𝘵 𝘯𝘦𝘦𝘥 𝘵𝘰 𝘩𝘢𝘷𝘦 𝘢 𝘲𝘶𝘪𝘤𝘬 𝘤𝘩𝘢𝘵 𝘢𝘣𝘰𝘶𝘵 𝘺𝘰𝘶𝘳 𝘮𝘢𝘳𝘨𝘪𝘯𝘴.)