Candal Advisors

Candal Advisors Candal Advisors Inc is a Business and International Tax , Bookkeeping and Trust Services Firm 🇺🇸

Small business owners: If you think your income is too high for you to qualify to make Roth IRA contributions, think aga...
06/18/2026

Small business owners: If you think your income is too high for you to qualify to make Roth IRA contributions, think again. Many owners are eligible without realizing it because of various deductions for the self-employed. A Roth IRA offers potential advantages over tax-deferred accounts. Although Roth contributions aren’t deductible, qualified withdrawals won’t be taxed. And you aren’t required to take withdrawals from your Roth IRA, meaning the account can continue to grow tax-free. Your heirs can also take tax-free withdrawals. For help evaluating your Roth IRA eligibility and developing a long-term retirement strategy that aligns with your personal and financial goals, contact us at (786) 694-3497.

Has administrative complexity discouraged your business from offering a 401(k) plan? Take a look at the safe harbor 401(...
06/17/2026

Has administrative complexity discouraged your business from offering a 401(k) plan? Take a look at the safe harbor 401(k). The employer contribution obligation generally exempts the plan from nondiscrimination testing and other onerous administrative duties. Plus, this plan enables highly compensated employees to max out their contributions and can help attract and retain workers. Typically, employees are eligible to participate if they're age 21 or older and have at least one year of service. Call us (786) 694-3497 for details.

It can be tough for small businesses to borrow money at favorable terms. But the U.S. Small Business Administration (SBA...
06/16/2026

It can be tough for small businesses to borrow money at favorable terms. But the U.S. Small Business Administration (SBA) offers several loan programs to help small businesses grow and create jobs. SBA loans of up to $5.5 million may be available and typically offer competitive interest rates and terms. Applying and qualifying for an SBA loan may also be easier than for conventional loans. The most popular type is the 7(a) loan, which can be used for most business purposes, including asset purchases and debt refinancing. The microloan program offers loans of up to $50,000. Call us at (786) 694-3497to help determine the right option for your business.

A mission statement is a concise, formal declaration of a business’s core purpose. The right one can serve as a rallying...
06/15/2026

A mission statement is a concise, formal declaration of a business’s core purpose. The right one can serve as a rallying cry for employees and a powerful marketing tool that attracts customers and drives revenue. So, whether you’re writing one for the first time or revising it during a rebrand, craft yours carefully. It can have a surprising impact on your bottom line. Please call us at (786) 694-3497 for help aligning your company’s core purpose with its financial parameters and strategic objectives.

Certain “small businesses” may qualify for several valuable tax breaks. But different tax provisions use different size ...
06/11/2026

Certain “small businesses” may qualify for several valuable tax breaks. But different tax provisions use different size tests. For instance, a gross receipts test is used to determine eligibility for cash accounting, simplified inventory rules, the completed contract method, relief from UNICAP requirements and exemption from the business interest deduction limitation. This threshold is adjusted for inflation. For 2026, your business may be eligible if its average annual gross receipts for the prior three-year period were $32 million or less. Call us at (786) 694-3497 for help evaluating your eligibility for these and other tax-saving opportunities based on your business’s structure and operations.

What does scalability really mean?Scalability is the ability to grow revenue significantly faster than expenses. It mean...
06/10/2026

What does scalability really mean?
Scalability is the ability to grow revenue significantly faster than expenses. It means serving more clients, expanding locations, or launching new services without duplicating your operational costs or team size. The secret lies in leveraging technology, automation, and repeatable systems to support efficient, profitable growth from day one.

To scale successfully, focus on these five pillars:
âž– Start with a clear value proposition.
âž– Build repeatable processes.
âž– Embrace technology and automation.
âž– Outsource and delegate strategically.
âž– Monitor metrics that matter.

True scalability is not about rushing growth at any cost; it is about engineering a resilient structure that thrives under pressure. By implementing systems and automation today, you build the flexibility needed to adapt as your market evolves. Build with scale in mind now, and determine how far your business can grow tomorrow.

Which of these 5 pillars do you find most challenging to implement in your current operations? Let’s discuss in the comments.

Starting in 2026, the tax rules for the personal casualty loss deduction are changing. While the deduction remains limit...
06/10/2026

Starting in 2026, the tax rules for the personal casualty loss deduction are changing. While the deduction remains limited mainly to disaster-related losses, eligibility is expanding beyond federally declared disasters to include certain state-declared disasters. Because the rules are complicated and additional limits apply, review your situation with us. We can help determine whether you’re eligible for a casualty loss deduction. Contact us at (786) 694-3497.

For the 12 months ending in April 2026, the U.S. inflation rate was 3.8%. Rising inflation can make managing a business ...
06/09/2026

For the 12 months ending in April 2026, the U.S. inflation rate was 3.8%. Rising inflation can make managing a business challenging, yet you can still thrive by making prudent cost cuts and acting if opportunities arise. You might, for example, reduce expenses by switching vendors, cutting overtime hours or moving offices. Be sure to assess inflation’s effect on each product line and determine whether your product mix still makes sense. Then decide whether you should raise prices (just be sure to give customers fair notice). For help evaluating your current financial situation and developing additional inflation-fighting strategies, call us at (786) 694-3497.

In strategic planning, it can be hard for business owners to step back and evaluate opportunities objectively. An extern...
06/09/2026

In strategic planning, it can be hard for business owners to step back and evaluate opportunities objectively. An external advisory board can offer fresh, independent perspectives and seasoned guidance, especially when handling high-stakes, complex transactions. A board’s involvement can elevate professionalism, strengthen credibility with stakeholders and support smarter long-term decisions. Contact us at (786) 694-3497 to explore how creating an advisory board, or optimizing your current one, can help your business grow.

Small business owners, beware: Tax identity theft is a costly, ongoing threat. Criminals may file fraudulent returns usi...
06/05/2026

Small business owners, beware: Tax identity theft is a costly, ongoing threat. Criminals may file fraudulent returns using a business’s EIN, impersonate executives to steal employee W-2 data, or use forged IRS documents to pose as a business for financial or tax-related activity. Protect your organization by implementing a cybersecurity plan, securing sensitive data, training employees and using technology tools such as encryption and multi-factor authentication. Working with a trusted tax professional is also critical. We can review your risks, recommend safeguards and determine the next steps if something looks suspicious. Contact us at (786) 694-3497 to learn more.

Address

1250 E Hallandale Beach Boulevard Suite 508
Hallandale Beach, FL
33009

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(786) 800-0136

Website

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