Oakwood Capital Accounting & Tax Advisors

Oakwood Capital Accounting & Tax Advisors We believe in helping a client to find a better life through their financial success.

Yes, it's that time again...As we come to April 15th and tax day arrives, please do not fear an extension. It's one of...
04/13/2026

Yes, it's that time again...As we come to April 15th and tax day arrives, please do not fear an extension. It's one of the most misunderstood, easy and smart things to do!

COMMON IRS MYTHS DEBUNKED!

1. You are NOT going to jail for filing an extension!!! (Believe it or not, this is the most common concern we receive!)
2. You will not be targeted by the IRS for filing an extension
3. You will not be on the mythical "IRS Watch List" for filing an extension
4. You are at NO GREATER risk of an audit because you filed an extension.

OTHER REASONS TO FILE AN EXTENSION

5. Extensions are perfectly acceptable and COMMON
6. Taking the extra time to do it right, WILL reduce your chances of making a mistake, and thus REDUCE your chance of an audit
7. Because you obtain an extra 6 months to file, doesn't mean we will take 6 months to complete your return. An extra week or two can go a LONG way

We are happy to work with you!
If you are having trouble with your taxes, PLEASE consider an extension, and give us a call! 855-740-1040

On October 1st, the U.S. government entered a partial shutdown. Many are wondering what this means and what financial im...
10/03/2025

On October 1st, the U.S. government entered a partial shutdown. Many are wondering what this means and what financial impacts Americans might experience. Swipe through for a quick overview.

If you have questions about how this may affect your financial plans or simply want to talk through your investment strategy, please don’t hesitate to give us a call. We are here to help.

The Federal Reserve held its July 2025 meeting. If you’re wondering what it means for interest rates and your financial ...
08/06/2025

The Federal Reserve held its July 2025 meeting. If you’re wondering what it means for interest rates and your financial strategy, you’re not alone. We’ve pulled together the key takeaways to help you stay informed. Swipe to learn more.

If you have questions about how this decision could impact your personal financial plan, don’t hesitate to reach out. We’re here to help.

The recent enactment of the One Big Beautiful Bill Act (OBBBA) includes several key changes for high-net-worth individua...
07/28/2025

The recent enactment of the One Big Beautiful Bill Act (OBBBA) includes several key changes for high-net-worth individuals and their families. Swipe through to learn more.

Contact us to discuss how the OBBBA might affect your wealth management goals. We’re here to help you navigate the path forward clearly and confidently.

Tax season might be over, but there are still key steps that filers should take. Swipe for post-tax season steps to cons...
07/17/2025

Tax season might be over, but there are still key steps that filers should take. Swipe for post-tax season steps to consider.

Have questions? We're here to help. Please feel free to reach out.

Not sure what your financial reports are really telling you? A monthly review of your key financial reports can help you...
07/15/2025

Not sure what your financial reports are really telling you? A monthly review of your key financial reports can help you catch problems early, stay organized, and make smarter decisions.

Need help making sense of the data? Our team is here for all your bookkeeping and payroll needs — give us a call today!

Amid the recent market fluctuations, it’s important to remember that while market volatility can feel unsettling, it’s a...
07/10/2025

Amid the recent market fluctuations, it’s important to remember that while market volatility can feel unsettling, it’s a normal part of the investing journey.

Our team is here to help you put today’s headlines in perspective and make informed decisions for your long-term goals.

If you’re feeling unsure or want to review your portfolio, don’t hesitate to reach out. Let’s talk through it together.

June saw markets improve as the inflation narrative shifted and trade policy zigged and zagged. Confronted with such a c...
07/09/2025

June saw markets improve as the inflation narrative shifted and trade policy zigged and zagged. Confronted with such a challenging assortment of factors, the Federal Reserve is remaining cautious. Swipe through for more insights.

As always, reach out to our team with any questions or needs. We are here as a resource for you.

07/05/2025

Copied...

YES, the email from the Social Security Administration is real, and YES, it is also very (very) misleading.

There is no official "no tax on Social Security" provision in the One Big Beautiful Bill Act. And there is definitely not a second provision, despite the use of the word "additionally" in the SSA email.

It's one new provision. One. And here's what it says: Seniors who are over the age of 65 are eligible for an extra deduction of up to $6,000.

If you are receiving Social Security retirement benefits and are not yet age 65, you do not qualify for the deduction.

If you are receiving SSDI and are not yet age 65, you do not qualify for the deduction.

**Edited to add that you do not have to receive Social Security benefits to take advantage of the deduction. It's age-dependent, not benefits-dependent. So if you've deferred your benefits to, say, age 70, you can still claim the deduction if you've reached age 65.

It is NOT an exclusion, it's a deduction, which means you must still report your Social Security income on your tax return if you are required to file.

It is NOT refundable (so if the deduction is more than your income, you don't get a refund).

It is temporary (it expires in 2028).

It is available for those who itemize and those who do not.

It is only available to taxpayers with a Social Security number.

It is subject to phaseouts, which means the deduction decreases as income increases. The phaseout kicks in at $150,000 for joint filers ($75,000 for all other taxpayers), and the deduction disappears completely once income reaches $250,000 for joint filers ($125,000 for all other taxpayers).

It does NOT eliminate taxes for all Social Security beneficiaries. According to the White House, taking into consideration credits and deductions, 64% of Social Security beneficiaries did not pay tax on their benefits before the deduction, and this bumps the number to 88%.

Happy to answer questions.

Have you heard of the VIX or the Fear & Greed Index? These two indices can provide helpful insight into market sentiment...
05/12/2025

Have you heard of the VIX or the Fear & Greed Index? These two indices can provide helpful insight into market sentiment — and understanding them may give you a clearer perspective of what’s happening with the market in times of uncertainty. Swipe through for an overview.

If you have questions about the markets, your portfolio, or other investing matters, contact us anytime. We’re here to help.

Address

12995 S Cleveland Avenue, Ste 160
Fort Myers, FL
33907

Opening Hours

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

Telephone

(855)7401040

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