Fresh Water Tax

Fresh Water Tax Collectively, our team of CPAs and tax professionals brings over 20 years of experience in the tax, accounting, audit, and financial services industries.

05/24/2022

BUSINESS OWNERS! An easy mistake business owners can make is to only worry about taxes during tax season. Tax strategies implemented now can save thousands of dollars in taxes! Please feel free to reach out for a FREE consultation about your business and how you can save on taxes!

CRYPTO TRADERS!!!! The IRS allows the HIFO method to be applied to Crypto gains/losses. This method results in the lowes...
02/25/2022

CRYPTO TRADERS!!!! The IRS allows the HIFO method to be applied to Crypto gains/losses. This method results in the lowest gain or highest loss possible. HOWEVER, we have found exchanges sending statements and tax documents NOT using this method which ends up resulting in reporting the HIGHEST gain or LOWEST loss possible. If you feel like this may be happening to you, please feel free to reach out to us. We will be happy to recalculate your gain/loss using the HIFO method to ensure that you do not OVERPAY taxes or NOT take advantage of MAXIMUM losses.

For all of our clients and prospective clients, please feel free to reach out if you are making any life moves or change...
02/22/2022

For all of our clients and prospective clients, please feel free to reach out if you are making any life moves or changes and want to know the tax implications of those decisions. We are in the business of building lasting relationships and our consultation is always FREE!

A common misconception people have is doing their tax return through TurboTax will be cheaper. In most cases, our fees a...
02/11/2022

A common misconception people have is doing their tax return through TurboTax will be cheaper. In most cases, our fees are less than TurboTax, you don't have to spend your valuable time working on your return, and in most cases, we have gotten our clients larger refunds due to missed deductions!

LOW COST, MAXIMUM REFUND TAX PREPARATION!! SCHEDULE A MEETING WITH ONE OF OUR TAX PROFESSIONALS TO GET PREMIER SERVICE!
02/05/2022

LOW COST, MAXIMUM REFUND TAX PREPARATION!! SCHEDULE A MEETING WITH ONE OF OUR TAX PROFESSIONALS TO GET PREMIER SERVICE!

Tax questions? Feel free to reach out to us and we will answer any tax questions you may have!
01/31/2022

Tax questions? Feel free to reach out to us and we will answer any tax questions you may have!

01/27/2022

By now, taxpayers should have received or will receive in the next couple weeks w2s from their employers. 1099s and other tax related documents (mortgage interest, charity confirmations, student loan interest, etc) should be available or on the way. Once you have received all tax documents, we highly recommend filing your taxes as soon as possible as most taxpayers are in a refund state and would want to avoid delays in processing!

01/26/2022

Step 1: Schedule your tax interview with one of our tax professionals
Step 2: We collect all of the correct information while asking all of the appropriate questions to ensure you're taking advantage of all tax credits and deductions available to you
Step 3: We enter the information into our system and prepare your tax return
Step 4: We go over your tax return with you
Step 5: If you like what you see and accept our work, we e-file the return with the IRS and any applicable state. If you don't agree or want to take time to think and review your options further, there is no harm no foul, and no charge for the client.
Step 6: We provide tax strategies that you can implement for 2022 to lower your taxes for 2022
Step 7: We schedule follow up meetings throughout the year to see how those strategies are being implemented

Risk-Free Tax Preparation! We will charge the client only if the client agrees for us to e-file for them! Please feel fr...
01/25/2022

Risk-Free Tax Preparation! We will charge the client only if the client agrees for us to e-file for them! Please feel free to reach out to schedule a tax interview!

There has been quite a bit of discussion regarding the $600 tax proposal requiring third party payment networks, such as...
01/05/2022

There has been quite a bit of discussion regarding the $600 tax proposal requiring third party payment networks, such as Venmo, PayPal, Stubhub, ticketmaster, eBay, etc., to file 1099s with the IRS for any individual or business who received more than $600 in total in payments for the 2022 tax year. For the taxpayer, it is important you know your requirements and what is expected from you. First and foremost, this will only be applicable for the 2022 tax year. Secondly, this is intended for payments for goods and services only. While these third party payment networks such as Venmo will send you a 1099 if you received more than $600 in total in 2022 regardless of how many transactions, you are only required to report it if it is for payments received for goods and services. You are NOT required to report it if it is for reimbursements such as a friend paying you back for a meal you paid for. As of right now, the proposal does not require Venmo or PayPal to separate these transactions so they will send you a 1099 regardless of what the transactions are for. Also, if it is for goods and services, they will send you a 1099 for the total amount received. They will not factor in your cost. It is up to the taxpayer to keep records of their costs. You do not want to pay taxes incorrectly on the gross sale but rather only the profit. If you want more information or would like to discuss how this proposal would impact your taxes, please feel free to reach out to us. We will be happy to discuss with you!

Address

Brandon, FL

Opening Hours

Monday 8am - 6pm
Tuesday 8am - 6pm
Wednesday 8am - 6pm
Thursday 8am - 6pm
Friday 5am - 6pm

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