Archive for the ‘Tax Services’ Category

Earn More, Keep More, Prosper!

Personalized, Attentive, Accountant Services You Can Trust

At Frank Gutta & Co. CPAs, we are committed to helping you meet and exceed your financial goals. Our offerings are designed to return to you your time, your peace of mind, and your profits.

We proudly serve families and businesses in Miami, Fort Lauderdale, outside of the state of Florida, and internationally.

We provide personalized accounting services, always answer the phone, and we are always available when YOU need us.

If you don’t feel you have been getting the level of attention and service that you deserve with your current accountant, let us show you why we are the best.

Our expertise has been helping Miami families and businesses earn more money, keep more money and retire with more money for over 20 years and we are eager to do the same for you.

We are devoted to accuracy, timely financial advice and tirelessly work to save you more of your hard earned money.

You’ll be more than satisfied, in fact, WE GUARANTEE IT!

Whether located in Florida, in another state, or outside the U.S. families and small businesses call us when they need:

  • small business tax preparation and filing services
  • IRS Problem Resolution
  • individual tax preparation and filing
  • a quickbooks proadvisor for hassle free setup
  • bookkeeping for small businesses
  • accounting services for small business
  • Learn more about our services

Call us today at 954-452-8813 if you would like to earn more money, keep more money, and have your tax burden handled for you hassle free.

Ask Frank Gutta about our suite of CPA service offerings that include tax planning, professional bookkeeping including quickbooks, retirement planning for safe, secure income, as well as several other accounting and financial services focused on earning you more money, keeping more from the IRS and securing the future you desire.

US Expatriate Tax Advisor

For many Americans, living abroad is not just a dream or a goal, it is a necessity.

Though there are certainly advantages to living in a different country, you may find it necessary to seek expatriate tax services in order to ensure that all pertinent tax laws are followed.

Below, we give an outline of the United States tax laws and regulations that apply to American expatriates.

Expatriate Tax Law

As a citizen of the United States or a resident alien, the income you receive from anywhere in the world is generally subject to income taxes from the U.S. This is true regardless of where you may be residing in the world.

Additionally, the same guidelines and filing requirements for income taxes that apply to all other U.S. citizens or those who live in the United States also apply to you and your situation.

However, it should be noted that you can meet some special requirements which can allow you to receive several income tax benefits while you live elsewhere in the world.

As an example of benefits which could apply to your situation, you might be able to make certain exclusions from your income.

This can apply to a limited, but still significant amount of your income earned in foreign lands.

You might also be able to either exclude or deduct the amount of your housing from your gross income amount.

There will be more on this later. In order to claim these benefits, it is necessary for you to file a tax return, and to elect the necessary exclusion.

You may find yourself able to claim an additional tax credit or possibly an itemized deduction for the foreign income tax amounts which you have paid.

Moreover, there are some tax treaties and conventions that the United States has agreed upon with a large number of foreign countries.

Under these treaties and conventions, you could find a way to reduce your overall foreign tax liability.

In order to do this, you must have the proper information and knowledge, and our expatriate tax services can help you to minimize your overall tax burden.

If you are an American citizen living abroad, you enjoy numerous benefits. However, you must also stay current with the tax bill from your home country.

Fortunately, you do not have to take care of this burden on your own.

With our help, you can ensure that your taxes are done correctly with great care taken to ensure that you only pay what is necessary.

Non-Filed Returns – Done For You

The IRS Would Love to Take Care of Your Unfiled Tax Returns For You… Does This Sound Like a Good Plan?

Charges related to tax interest and penalties can accumulate with incredible quickness.

If you did not file a tax return because you were unable to pay the amount that was owed, or you completed your filing but did not elect to pay, you have gotten yourself into a predicament which may seem difficult to escape.

What is more, the longer you let this situation go on, the more likely it is that you are going to be required to pay for it. When this happens, you will not only pay, but you will pay significantly.

Failing to file your tax returns is actually a criminal offense.

If you are wondering about the punishments for not filing your tax return, it can be as severe as a single year of time in jail for each year your taxes remain not filed.

It is a huge mistake to think that you might be able to get away with this.

The computer systems at the Internal Revenue Service continue to become more sophisticated and complex, and this means that the chances of you and your taxes getting flagged and revealed increase at an exponential rate.

Here is how you can effectively handle the situation:

The first thing you should do is to allow us to help you comply with all pertinent laws. By becoming proactive and making sure your returns are filed, you are still able to take advantage of allowances and deductions which are due to you.

Yes, you will still owe money in taxes, as well as penalties and interest, but if you wait to act until the IRS decides to attend to the problem for you, they will treat your case in the best interests of the government with little or no thought or interest paid to your monetary bottom line.

By filing all of your delinquent returns in a voluntary fashion, you will save yourself from experiencing additional problems in the future.

We can assist you in doing that with our non-filed returns – unfiled tax return service.

You can always assure yourself that good things happen when you do the right thing, and taking care of your taxes sooner than later is one of the best things you can do for yourself and your financial future.

Once you get your returns into current standing, we can examine your total amount owed and assist you in creating an action plan which can remedy your unpleasant situation.

If you are serious about solving your tax problems, acting quickly will help you, so call us immediately to find out more about how we can help you.

Estate Planning Done Right

Make Sure Your Family Transitions Prepare Your Children and Your Family for Financial Freedom.

Estate planning is much more involved and complicated than the majority of people realize. If you do not possess a complete understanding of your rights both legally and financially, you will end up paying the consequences at a later date.

What is worse is that your family may end up paying the costs in the long run.

If you feel like you are not yet at an age where you need to worry about planning for your estate, or you are waiting for a day on which you have more of an estate to deal with, you need to rethink things. By taking care of the plans for your estate in the event of your demise now, you will give yourself peace of mind knowing that you have done all you can to provide for your children and family.

We are here to help you. Our experts in estate planning services will become acquainted with you and your needs, and they will assist you in forming a plan for the future based on your specific situation and requirements.

We are pleased to offer and recommend useful research tools to you which will assist you in getting your estate in the proper order. These tools, which we will discuss with you so that you understand them correctly, will ensure that your family and the people you care about are not burdened with taxes, government bureaucracy, probate courts, end of life costs and other issues related to inheritance.

Some questions for which you may require answers include:

  • How does a divorce or multiple marriages affect the planning of an estate?
  • What happens in the event that heirs have not reached inheritance age?
  • Is there a possibility of children from multiple marriages or other people challenging or interfering with the planning of the estate?
  • In what ways can an inheritance be protected from an heir’s creditors?
  • How can you ensure that your estate is passed along with a minimum of tax liability?
  • Who is required to be on your team for estate planning?
  • Do you possess the proper paperwork such as wills, healthcare directives, trusts and power of attorney?
  • In the event of your incapacitation, how will your estate be taken care of?
  • If your situation undergoes any changes, what are the processes for making amendments to your estate plans?
  • In what ways can you leave money to organizations such as charities?

There are many areas in life where doing the job yourself can be beneficial. Estate planning is certainly not one of them.

Please allow us to help guide you through the challenges and various complexities of estate planning which are different with each specific case.

“Hassle Free” QuickBooks Setup

Let Us Setup QuickBooks for You… Avoid Days (or Potential Weeks) of Hassle and Aggravation!

Although QuickBooks is one of the more user-friendly applications in the accounting software market, it is software none-the-less, which can be intimidating to those who work in offices that are not directly connected to information technology fields.

Sure, anyone can download the software and start the process, but we have encountered a number of offices who prefer a professional set up the application, and import their information first, followed by a brief tutorial on the basic operation later.

Our expertise in the accounting field allows us to survey the current files, and integrate them into the new model, negotiating any hiccups along the way. The result is a seamless integration of our clients’ bookkeeping technology, which will allow them to print a check in a pinch, in the middle of our transition.

In addition, their manpower can stay where it belongs, which is focused on the company’s business, not its software and accounting measures.

Our professional QuickBooks setup process is quick and accurate, not hurried and flawed, which insures all of your transactions, accounting codes and financial data transfers flawlessly on the first attempt.

Once our technician has accurately transferred your records, he or she will provide exceptional training to whomever you charge with the accounting process.

Not only is the software easy to use, but our technicians are trained to educate your employees on the new system, providing a step by step tutorial that allows for complete and immediate understanding, without overwhelming the user.

Our goal in setting up your QuickBooks software is to save your company time, while alleviating any confusion or misunderstanding in terms, so the transition is seamless, and operating at its optimal ability the moment we leave your office.

Our technicians will provide the following services, with complete professionalism, and friendly decorum.

  • Setup of your QuickBooks software to fit your business’s needs, based on the existing technology, charts of accounts, and accounting type
  • Transfer balances, outstanding accounts receivable and payable beginning at a specific start date that is determined through our communications
  • Setup all accounts to maintain proper entries in the form of services, inventory items, non-inventory items, expenses, sales tax and miscellaneous charges
  • Input all transactions beginning with the determined start date of the QuickBooks transition
  • Educate the individuals indicated through our communications on the use of the software, accounting technology, and financial wherewithal that QuickBooks provides
  • Provide additional training at a later date, to train new employees or to reinforce the initial process, to insure the software is working optimally for your company
  • Assume the duties of reviewing your financial information monthly, quarterly or annually, to insure the accounts and codes are being used properly, preparing your files accurately for tax reviews
  • Manage reports to indicate where the business is growing, or possibly losing money, to assist in the overall management of the company’s finances

We help our clients get the most out of their QuickBooks software, which allows them to concentrate on new business, or existing clients, instead of their accounting features.

Contact us today via phone at 1(954) 452-8813 or through our email form, and one of our technicians will contact you to determine how we can help get your company’s accounting functions running seamlessly.

Small Business Services

  • Maximize Tax Savings
  • Eliminate Uncertainty
  • Maximize Deductions
  • Avoid IRS Audit Red Flags
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Satisfied Clients Speak Out

  • June 25, 2012 Tax Savings Margert Kalinuda "“Frank found a crucial deduction overlooked by my former CPA and got me a refund of over $100K in over paid taxes, thank you Frank”"

Fix IRS Problems

  • Audit Representation
  • Unfiled Taxes
  • Past Due Tax Preparation
  • Expert IRS Negotiation
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Recent News

  • June 06, 2012 Washington, D.C. Fresh Start Program "IRS has reduced the age old firm guidelines to reasonable standards so that thousands of taxpayers/clients may now qualify to get their cases settled for cheap and their tax liens released."
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