KB CPA Services P.A.

03/24/2026

The 2026 tax filing season is projected to yield significantly higher average refunds compared to 2024 and 2025. This shift is primarily driven by the legislative changes introduced in the One Big Beautiful Bill Act (OBBBA). Current data as of the sixth week of reporting shows total refunds reaching $182.6 billion—a nearly $20 billion increase over the same period last year ($163 billion). Furthermore, the average refund has surged by 10.8%, currently standing at $3,623.

12/09/2025

Get a head start on the 2026 tax season with KB CPA Services, P.A.!
Don't wait until the last minute, proactive tax planning is key to maximizing your financial benefits and minimizing liabilities. Our expert team in Coral Springs, FL, offers comprehensive tax planning, meticulous preparation, and insightful advisory services tailored for individuals, small businesses, and non-profits. We'll simplify complex tax codes, ensure accuracy, and provide strategic advice to help you navigate your finances with confidence. Contact us today for a free initial consultation and let us ensure a smooth, hassle-free tax season for you.

11/21/2025

President Trump signed the OBBBA into law on July 4, 2025, extending TCJA provisions and introducing new deductions. But how significant is this legislation historically?

Our latest article breaks down: ✅ The total revenue impact ($5T decrease). ✅ How it compares to the 1981 and 2012 tax acts. ✅ The "hidden" impact of the new 2025 Tariffs.

Read the full analysis to see how these changes affect the economic landscape: 👇 [https://goshort.io/5bBb8KmzA9CaZwk]

11/20/2025

🏛️ Biggest Tax Cut Ever? Let’s look at the numbers. 📉

The "One Big Beautiful Bill Act" (OBBBA) has been touted as the largest tax cut in American history—but does the math actually add up?

We analyzed the data, comparing the OBBBA to historical giants like the 1981 Reagan cuts and the 1945 Revenue Act.

The Verdict: While massive ($5 Trillion!), it actually ranks 6th in modern history when measured against GDP.

💡 Get the full breakdown of where this new bill stands and how tariffs impact the final numbers here: [https://kbcpagroup.com/tax-tips/fact-check-is-the-one-big-beautiful-bill-act-obbba-the-biggest-tax-cut-ever/]

09/30/2025

https://kbcpagroup.com/tax-tips/trumps-temporary-salt-deduction-increase-for-2025/
President Donald Trump’s so-called “big beautiful bill” will temporarily raise the cap on the federal deduction for state and local taxes (SALT) from $10,000 to $40,000 for the 2025 tax year.

A new Redfin report released last week suggests that this change could provide larger tax savings for residents in certain states, depending on their income and where they live.

President Donald Trump’s so-called “big beautiful bill” will temporarily raise the cap on the federal deduction for state and local taxes (SALT) from $10,000 to $40,000 for the 2025 tax year.

03/21/2025

The IRS has released a draft version of Form 7217, Partner’s Report of Property Distributed by a Partnership, which partners must use starting with the 2024 tax year to report their tax basis in property distributed to them by partnerships. This new requirement aims to enhance transparency by requiring partners to disclose details such as the partnership’s predistribution basis in the property and its fair market value (FMV).

The IRS has released a draft version of Form 7217, Partner’s Report of Property Distributed by a Partnership, which partners must use starting with the

03/05/2025

Treasury Department Halts Enforcement of Corporate Transparency Act for U.S. Citizens and Businesses

The Treasury Department announced today that it will not enforce any penalties or fines related to the Corporate Transparency Act’s beneficial ownership

12/23/2024

https://kbcpagroup.com/tax-tips/social-security-wage-base-set-for-2025/
In 2025, individual taxable earnings up to $176,100 will be subject to Social Security tax, according to an announcement by the Social Security Administration (SSA) on Thursday. This marks an increase from the 2024 wage base limit of $168,600, which applies to earnings subject to the 6.2% Old Age, Survivors, and Disability Insurance (OASDI) tax. At or above this wage base limit, both the employee and employer will each contribute $10,918.20 in OASDI taxes, reflecting a $465 increase for both parties in 2025.

In 2025, individual taxable earnings up to $176,100 will be subject to Social Security tax, according to an announcement by the Social Security

12/23/2024

https://kbcpagroup.com/tax-tips/irs-announces-new-tax-brackets-and-increased-standard-deduction-for-2025/
The Internal Revenue Service (IRS) has released its annual inflation adjustments for tax brackets and standard deductions for the 2025 tax year. These updates aim to help Americans potentially retain more of their income in the upcoming year.

The Internal Revenue Service (IRS) has released its annual inflation adjustments for tax brackets and standard deductions for the 2025 tax year. These

10/23/2023

Our professionals offers comprehensive Tax, Audit, and Accounting services to clients in the vibrant communities of Coral Springs, Boca Raton, Tamarac, Fort Lauderdale, Coconut Creek, Margate, and Deerfield Beach.
Read More Details: https://kbcpagroup.com/tax-tips/expert-tax-audit-and-accounting-services-in-south-florida/

02/21/2023

Our team of CPAs snd Accountants have years of experience in providing a wide range of services, including tax preparation, accounting, bookkeeping, tax planning, Auditing and more. We use the latest tools and technologies to ensure that our clients receive accurate and timely services that are customized to their needs.

02/13/2023

https://kbcpagroup.com/tax-tips/president-bidens-state-of-the-union-tax-related-topics/

On February 7, 2023, President Biden delivered his State of the Union address. Among many topics addressed, we picked the following: No Income tax