Michelle Barrera CPA, Michelle Barrera Fiscal Year-End At the end of any business fiscal year, businesses of all sizes turn their attention to a crucial aspect of financial management: tax planning. Understanding and maximizing tax deductions can lead to ... Tax May 7, 2024
Michelle Barrera CPA, Michelle Barrera The Bedrock of Business Success In the fast-paced world of business, every decision counts. From strategic investments to day-to-day operations, accuracy and efficiency are paramount. At Michelle Barrera CPA, we believe that accurat... Accounting Small Business Tax May 7, 2024
Michelle Barrera CPA, Michelle Barrera Should You Hire a Tax Professional? Tax season is upon us, and for many, it's a time filled with stress and confusion. Whether you're an individual taxpayer or a business owner, you may be wondering if hiring a tax professional is the r... Accounting Small Business Tax Dec 13, 2023
Michelle Barrera CPA, Michelle Barrera Exclusions on Home Sales Introduction Selling a home is a significant financial decision that comes with its own set of complexities, especially when it comes to tax implications. One of the most intricate aspects to understa... Tax Dec 6, 2023
Michelle Barrera CPA, Michelle Barrera Understanding the Electronic Federal Tax Payment System (EFTPS) Introduction The Electronic Federal Tax Payment System (EFTPS) is a crucial tool for both individual taxpayers and businesses. Designed to streamline the tax payment process, this system offers a conv... Tax Nov 15, 2023
Michelle Barrera CPA, Michelle Barrera Understanding Owner Investments & Distributions in an S-Corp Introduction : When it comes to managing the finances of an S-Corporation, understanding the nuances of owner investments and shareholder distributions is crucial. These transactions not only affect t... S-Corps Small Business Tax Nov 11, 2023
Michelle Barrera CPA, Michelle Barrera A Tax Guide for Nannies & Household Employers Introduction Understanding tax responsibilities can be a daunting task, especially when it comes to household employment. This blog post aims to demystify the tax obligations for both nannies and thei... Tax Nov 8, 2023
Michelle Barrera CPA, Michelle Barrera Navigating the FL Homestead Exemption Introduction Owning a home comes with its own set of responsibilities and benefits. Among the perks are several tax advantages, one of which is the Homestead Exemption. In this blog post, we'll dive i... Tax Nov 1, 2023
Michelle Barrera CPA, Michelle Barrera The Role of Technology in Modern Accounting and Finance In today's fast-paced business environment, technology is playing an increasingly vital role in accounting and finance. With the rise of cloud computing, automation, and artificial intelligence, moder... Accounting Tax Mar 22, 2023
Michelle Barrera CPA, Michelle Barrera Free Tax Filing Options As we continue to move through tax season, it's important for individuals to be aware of all their options when it comes to filing their taxes. For many taxpayers, hiring a CPA may not be a feasible o... Tax Mar 8, 2023
Michelle Barrera CPA, Michelle Barrera Entity Formations Throughout the year, I often encounter clients who are uncertain about the legal entity to form for their business. This is an essential decision that can have short-to-long term financial and operati... Accounting Tax Mar 4, 2023
Michelle Barrera CPA, Michelle Barrera Is Hiring a CPA a Smart Investment? Throughout years of practice, I have seen many individuals over the years who have tried to manage their finances on their own, only to find themselves in a big financial mess! As follows here, I outl... Accounting Tax Feb 25, 2023