Gables Tax Planning Group, LLC

Gables Tax Planning Group, LLC As a tax resolution firm, we step into your shoes and solve all your tax issues by acting as your legal agent in front of the IRS and/or individual states.

Gables Tax Planning Group, LLC is a tax planning, tax preparation, and tax resolution firm. We solve all your tax issues by acting as your legal agent in front of the IRS and/or individual states. We are professional, experienced, and affordable. We offer a broad range of services for business owners, executives, and independent professionals.

Companies that engage in research and development activities may qualify for a federal tax credit for some of those expe...
04/30/2026

Companies that engage in research and development activities may qualify for a federal tax credit for some of those expenses. The research credit is complicated to calculate, and not all research activities are eligible. But the tax savings can be significant. Certain taxpayers may even be able to use the credit to offset employer-paid payroll taxes or the owners’ alternative minimum tax obligations.

We can help you navigate the complexities of claiming this credit, including how it works, which costs may qualify and how it interacts with the deduction for research and experimentation costs. Call us at 305-304-4770 to discuss your business’s eligibility and quantify the potential benefits.

When you’re busy running a business, it’s easy to overlook or dismiss the warning signs of financial distress. Rising em...
04/29/2026

When you’re busy running a business, it’s easy to overlook or dismiss the warning signs of financial distress. Rising employee turnover can signal internal strain. Cash flow issues may indicate slow collections or weak working capital practices. And sudden external shifts — such as interest rate volatility, cost increases or supply chain disruptions — can take a toll on otherwise healthy businesses. Supplementing your company’s year-end financial statements with interim reports or targeted agreed-upon procedures can help you spot problems early and take prompt corrective action. Contact us at 305-304-4770 to learn more.

How you capitalize your C corporation isn’t just an accounting matter — it’s a tax-saving opportunity. You can set up fu...
04/23/2026

How you capitalize your C corporation isn’t just an accounting matter — it’s a tax-saving opportunity. You can set up funds supplied by shareholders as either capital contributions (equity) or loans (debt). Future withdrawals by equity investors may result in double taxation. Conversely, repayments of shareholder loans are generally tax-free, while interest payments are taxable to the shareholder and deductible by the corporation. This setup provides a more tax-efficient way to get money out of your company. However, the IRS may reclassify shareholder loans as equity if not properly structured and documented. Contact us at 305-304-4770 to evaluate your options and determine what’s right for your situation.

Two federal tax breaks can help offset the cost of accessibility improvements. In 2026, qualifying small businesses (wit...
04/22/2026

Two federal tax breaks can help offset the cost of accessibility improvements. In 2026, qualifying small businesses (with $1 million or less in gross receipts or no more than 30 full-time employees in 2025) may claim the Disabled Access Credit. It’s generally worth 50% of eligible accessibility costs (up to a $5,000 maximum). Businesses of any size may also deduct up to $15,000 per year for qualified architectural and transportation barrier removal. You can claim both benefits in the same year, but not for the same expense. New construction isn’t eligible for either break. If you’re planning upgrades, call us at 305-304-4770 to help you make the most of these incentives.

Companies that employ parents of young children and caregivers of adults may want to add dependent care flexible spendin...
04/21/2026

Companies that employ parents of young children and caregivers of adults may want to add dependent care flexible spending accounts (FSAs) to their benefits packages. Doing so can help you attract and retain talent and reduce payroll tax. Employees typically like FSAs because they fund accounts with pretax dollars and use them to pay eligible expenses, including day care and summer day camps. Another idea is to offer child care to employees, either on- or off-site. This may sound costly, but starting in 2026, businesses may qualify for an employer-offered child care tax credit of up to $500,000 ($600,000, small businesses). Call us at 305-304-4770 for more information.

Imagine if a fraud perpetrator wiped out your 401(k) account balance overnight. Would you still be able to retire? Milli...
04/20/2026

Imagine if a fraud perpetrator wiped out your 401(k) account balance overnight. Would you still be able to retire? Millions of dollars in U.S. retirement plans have been stolen thanks to hackers, identity thieves and social engineers, such as scammers using phishing emails to obtain financial and other personal information. But you can protect your hard-earned savings! Call us 305-304-4770 for retirement planning help.

If you operate a business, you know records of income and expenses need to be kept. Specifically, you should carefully r...
04/16/2026

If you operate a business, you know records of income and expenses need to be kept. Specifically, you should carefully record expenses to claim all the tax deductions to which you’re entitled. And you want to make sure you can defend the amounts reported on your tax returns in case you’re ever audited by the IRS. Certain expenses, such as auto, travel, meal and home office expenses, require extra attention because they’re subject to special recordkeeping requirements or limits on deductibility. In addition to keeping good records, make sure to use your business bank account for business purposes only. A business can’t deduct personal expenses. Contact us at 305-304-4770 with questions.

Do your employees pay out of pocket for business travel, meals or supplies? With a properly structured “accountable plan...
04/15/2026

Do your employees pay out of pocket for business travel, meals or supplies? With a properly structured “accountable plan,” reimbursements are tax-free to employees and deductible for your business. (Remember, meals are generally only 50% deductible.) Without an accountable plan, reimbursements count as taxable wages and trigger income taxes for the employee and payroll taxes for both the employee and your business. Contact us at 305-304-4770 to help ensure your reimbursement practices comply with the tax rules and minimize unintended tax consequences.

Family-owned businesses face distinctive challenges regarding compensation, largely because they employ both family and ...
04/14/2026

Family-owned businesses face distinctive challenges regarding compensation, largely because they employ both family and nonfamily staff. Salary inequities among siblings, for example, can breed resentment. Meanwhile, nonfamily employees may become disgruntled over preferential treatment of family employees if they feel those family members aren’t pulling their weight. Addressing compensation in a family business calls for an objective understanding of the company’s distinctive traits, culture and strategic goals, along with a healthy dash of creativity. There are ways to tackle the challenges analytically to arrive at an overall strategy that’s reasonable for everyone. Contact us at 305-304-4770 for help.

Business owners: If you’re only reaching out at tax time, you may be missing some valuable insights. Why stop at tax fil...
04/13/2026

Business owners: If you’re only reaching out at tax time, you may be missing some valuable insights. Why stop at tax filings? Let us help you make smarter business decisions year-round — from improving cash flow to navigating economic uncertainty to planning for growth. Please call us at 305-304-4770 to learn more about how we can support your strategic goals.

Address

Coral Gables, FL

Opening Hours

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

Telephone

(786) 766-1042

Website

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