Dolence & Means Advisors

07/11/2025

A Certified Public Accountant (CPA) can save you money in many direct and indirect ways—far beyond just preparing your tax return. Here's how:

1. Reducing Your Tax Liability
Strategic Tax Planning: CPAs know the latest tax laws and can identify deductions, credits, and deferral strategies to reduce what you owe.

* Entity Structuring: For business owners, choosing the right legal structure (LLC, S-Corp, etc.) can significantly lower taxes.

Dolence & Means Advisors
Certified Public Accountants
www.dolenceandmeans.com
[email protected]
239.489.2607

SERVING SOUTHWEST FLORIDA FOR OVER 40 YEARS

We are trusted advisors and dedicated partners. With a focus on people first, we provide tax and advisory services that meet your present needs and help you secure a prosperous future.

Confident. Cared For. Cared About
Accounting Services - Bookkeeping & Payroll - Tax Preparation & Planning Advisory Services
Specializing in Small Businesses & Personal Accounting

07/09/2025

A Certified Public Accountant (CPA) can save you money in many direct and indirect ways—far beyond just preparing your tax return. Here's how:

1. Reducing Your Tax Liability
Strategic Tax Planning: CPAs know the latest tax laws and can identify deductions, credits, and deferral strategies to reduce what you owe.

Dolence & Means Advisors
Certified Public Accountants
www.dolenceandmeans.com
[email protected]
239.489.2607

SERVING SOUTHWEST FLORIDA FOR OVER 40 YEARS

We are trusted advisors and dedicated partners. With a focus on people first, we provide tax and advisory services that meet your present needs and help you secure a prosperous future.

Confident. Cared For. Cared About
Accounting Services - Bookkeeping & Payroll - Tax Preparation & Planning Advisory Services
Specializing in Small Businesses & Personal Accounting

07/07/2025

Who Needs to Pay Quarterly Taxes?
Generally, you need to make estimated tax payments if you expect to owe at least $1,000 in taxes for the current tax year after subtracting your withholding and refundable credits.

This includes individuals like:
* Self-employed individuals: Freelancers, independent contractors, and those who run their own businesses.
Individuals with significant non-wage income: This can include income from investments, rents, prizes, and awards.
* S Corporation Shareholders and Partners in a Partnership: They generally need to make estimated tax payments if they expect to owe $1,000 or more in tax when filing.
* Corporations: They generally have to make estimated tax payments if they expect to owe tax of $500 or
more.

Dolence & Means Advisors
Certified Public Accountants
www.dolenceandmeans.com
[email protected]
239.489.2607

SERVING SOUTHWEST FLORIDA FOR OVER 40 YEARS

We are trusted advisors and dedicated partners. With a focus on people first, we provide tax and advisory services that meet your present needs and help you secure a prosperous future.

Confident. Cared For. Cared About
Accounting Services - Bookkeeping & Payroll - Tax Preparation & Planning Advisory Services
Specializing in Small Businesses & Personal Accounting

07/04/2025

HAPPY 4th of JULY!!
From your team at Dolence & Means Advisors

07/02/2025

Additional reasons why you should pay estimated quarterly taxes:

* Manage cash flow: Making smaller, regular payments throughout the year can help you avoid a large tax bill at the end of the year, making budgeting easier and reducing financial strain.

* Prevent surprises: By paying estimated taxes, you proactively address your tax obligations throughout the year, reducing the likelihood of facing an unexpected and significant tax bill when you file.

Dolence & Means Advisors
Certified Public Accountants
www.dolenceandmeans.com
[email protected]
239.489.2607

SERVING SOUTHWEST FLORIDA FOR OVER 40 YEARS

We are trusted advisors and dedicated partners. With a focus on people first, we provide tax and advisory services that meet your present needs and help you secure a prosperous future.

Confident. Cared For. Cared About
Accounting Services - Bookkeeping & Payroll - Tax Preparation & Planning Advisory Services
Specializing in Small Businesses & Personal Accounting

06/30/2025

Why Pay Quarterly Taxes?
Paying quarterly taxes, also known as estimated taxes, is essential if you earn income that is not subject to withholding, such as income from self-employment, investments, or rent.

*Here's one reason why you should make these estimated payments:
Avoid penalties: The IRS operates on a "pay as you go" system, meaning you're required to pay taxes throughout the year as you earn income. Failing to pay enough tax through withholding or estimated tax payments can result in penalties, even if you are due a refund when you file your annual return.

Dolence & Means Advisors
Certified Public Accountants
www.dolenceandmeans.com
[email protected]
239.489.2607

SERVING SOUTHWEST FLORIDA FOR OVER 40 YEARS

We are trusted advisors and dedicated partners. With a focus on people first, we provide tax and advisory services that meet your present needs and help you secure a prosperous future.

Confident. Cared For. Cared About
Accounting Services - Bookkeeping & Payroll - Tax Preparation & Planning Advisory Services
Specializing in Small Businesses & Personal Accounting

Sure, we make swift work of your most pressing accounting needs. But what really sets us apart is how you'll feel working with us. Confident. Cared for. Cared about.

06/27/2025

How Florida funds its government without a state income tax:

* Florida relies heavily on sales taxes as its primary revenue source.
* Other significant revenue sources include corporate income taxes, fees, and revenue from the federal government.
* Property taxes, while not collected at the state level, are a major source of funding for local governments in Florida.
Dolence & Means Advisors
Certified Public Accountants
www.dolenceandmeans.com
[email protected]
239.489.2607

SERVING SOUTHWEST FLORIDA FOR OVER 40 YEARS

We are trusted advisors and dedicated partners. With a focus on people first, we provide tax and advisory services that meet your present needs and help you secure a prosperous future.

Confident. Cared For. Cared About
Accounting Services - Bookkeeping & Payroll - Tax Preparation & Planning Advisory Services
Specializing in Small Businesses & Personal Accounting

06/25/2025

Florida is known as one of the lowest-taxed states in the country in part because there is no state income tax.

* The original motivation was to attract wealthy individuals who would bring capital and economic growth.
* While this strategy has been attributed with contributing to Florida's economic growth over the years, critics point out that the absence of a state income tax results in a more regressive tax system, where lower-income individuals pay a higher percentage of their income in taxes compared to wealthier individuals.

Dolence & Means Advisors
Certified Public Accountants
www.dolenceandmeans.com
[email protected]
239.489.2607

SERVING SOUTHWEST FLORIDA FOR OVER 40 YEARS

We are trusted advisors and dedicated partners. With a focus on people first, we provide tax and advisory services that meet your present needs and help you secure a prosperous future.

Confident. Cared For. Cared About
Accounting Services - Bookkeeping & Payroll - Tax Preparation & Planning Advisory Services
Specializing in Small Businesses & Personal Accounting

06/23/2025

Florida does not have a state income tax because it is explicitly prohibited in the state constitution. This has been a key part of Florida's economic strategy for decades, aiming to attract residents and businesses by creating a favorable tax climate.

Historical context:
*In 1924, Florida voters approved a constitutional amendment to prohibit personal income and inheritance (or estate) taxes.
* This was reinforced in 1968 with another constitutional revision, making it difficult to introduce a state income tax without a constitutional amendment.

Dolence & Means Advisors
Certified Public Accountants
www.dolenceandmeans.com
[email protected]
239.489.2607

SERVING SOUTHWEST FLORIDA FOR OVER 40 YEARS

We are trusted advisors and dedicated partners. With a focus on people first, we provide tax and advisory services that meet your present needs and help you secure a prosperous future.

Confident. Cared For. Cared About
Accounting Services - Bookkeeping & Payroll - Tax Preparation & Planning Advisory Services
Specializing in Small Businesses & Personal Accounting

06/20/2025

In 1899, Christine Ross became the first female CPA in the US. Her clients included wealthy women and people who worked in the business and fashion industry—she certainly knew the value of niching up.

Dolence & Means Advisors
Certified Public Accountants
www.dolenceandmeans.com
[email protected]
239.489.2607

SERVING SOUTHWEST FLORIDA FOR OVER 40 YEARS

We are trusted advisors and dedicated partners. With a focus on people first, we provide tax and advisory services that meet your present needs and help you secure a prosperous future.

Confident. Cared For. Cared About
Accounting Services - Bookkeeping & Payroll - Tax Preparation & Planning Advisory Services
Specializing in Small Businesses & Personal Accounting

06/18/2025

Luca Paciioli
The Father of Accounting

He is referred to as the father of accounting and bookkeeping and he was the first person to publish a work on the double-entry system of book-keeping on the continent.

Certainly the instruction of Luca Pacioli in Milan was revealing to Leonardo Da Vinci, and this was manifested particularly in the 'Last Supper'. There exists in mathematics a unique number, 0.618, which is the only one when divided into unity (1.0) yields its own reciprocal – 1.618.

06/15/2025

We don’t say it enough, so say it extra today: Thanks for everything you do, dads.
Happy Father's Day from all of us at Dolence & Means Advisors.