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Read our latest blog posts and get detail insights on Taxation matters.
The Augusta Rule: How to Rent Your Home Tax-Free for 14 Days a Year Imagine earning thousands of dollars in rental income—completely tax-free. Thanks to a little-known provision in the Internal Revenue Code, that’s entirely possible under the Augusta Rule. Named after Augusta, Georgia (home of the Masters golf tournament, where homeowners would rent their homes to...
How to Avoid IRS Red Flags When You’re Self-Employed When you’re self-employed, you enjoy the freedom of running your own business—but you also take on full responsibility for managing your taxes. Because self-employed individuals often have multiple income sources and deductions, the IRS pays close attention to their tax filings. Certain mistakes—or overly aggressive tax positions—can increase...
Tax Planning vs. Tax Preparation: Why Both Are Critical for Wealth Growth Overview When it comes to building lasting wealth, tax planning and tax preparation are two sides of the same coin. While both are essential for your financial success, they serve very different purposes. Tax preparation is the process of accurately filing your tax...
2025 Update: New 1099-K Reporting Thresholds Under the One Big Beautiful Bill Act (OBBBA) For 2025, small business owners need to be aware of a major change to the Form 1099-K reporting requirements due to the enactment of the One Big Beautiful Bill Act (OBBBA), Pub. L. No. 119-21. This legislation officially reverses the lower...
Accu-tax is your trusted partner for professional tax preparation & accounting services in Largo and the surrounding Tampa Bay area. We help individuals and businesses navigate their financial needs with expertise and personalized solutions. Contact us today for expert tax and accounting support.
Accu-tax is your trusted partner for professional tax preparation & accounting services in Largo and the surrounding Tampa Bay area. We help individuals and businesses navigate their financial needs with expertise and personalized solutions. Contact us today for expert tax and accounting support.