TCS & Associates CPAs

TCS & Associates CPAs We are more than just a CPA firm, we help clients maintain financial viability in the present, while taking a proactive approach to achieve future goals.

We help business owners develop a strong understanding of their business, which allows them to make educated decisions, to help achieve their desired level of success.

If you’d like to help a charity for a period of time but ultimately benefit one or more heirs and potentially save gift ...
06/03/2026

If you’d like to help a charity for a period of time but ultimately benefit one or more heirs and potentially save gift and estate taxes, consider a charitable lead trust (CLT). You transfer assets to the irrevocable CLT and the charity receives payments from it for a term of years. When the term expires, the remaining assets are distributed to the CLT’s beneficiaries. The CLT assets can include publicly traded securities, real estate, business interests and even private company stock. Call us at (904) 347-2050 for more details.

Are tax problems weighing on you? If you’re facing IRS notices, unfiled tax returns or mounting tax debt, acting quickly...
06/02/2026

Are tax problems weighing on you? If you’re facing IRS notices, unfiled tax returns or mounting tax debt, acting quickly can make a difference. We can help you evaluate resolution options and work with the IRS to possibly reduce the burden. Call us at (904) 347-2050 to discuss your situation and explore next steps.

A mission statement is a concise, formal declaration of a business’s core purpose. The right one can serve as a rallying...
06/01/2026

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 (904) 347-2050 for help aligning your company’s core purpose with its financial parameters and strategic objectives.

05/30/2026

The City of Jacksonville is proud to celebrate America's 250th anniversary on July 3rd & 4th, 2026 with free, family-friendly celebrations that will include activities across the north and south banks of Downtown Jacksonville, including:

JULY 3, 2026
Freedom Fest at Friendship Fountain from 5:30-10pm. The festivities, which are sponsored by the City of Jacksonville’s Military and Veterans Affairs Department (MAVD), and Supporting Partner Wounded Warrior Project, will include:

· Live music by Bold City Brass, Navy Pride, Sal Gonzalez, Emily Mikus and Big Engine
· A patriotic light and music show at the Fountain
· Free apple pies for the first 1,000 attendees
· Activations along the Riverwalk between the Fountain and Chart House
· Food and beverages for purchase

JULY 4, 2026
On the Northbank at Riverfront Plaza (2 W. Independent Dr., Jacksonville, FL 32202) from 4pm-9:30pm. Festivities, which are sponsored by the City of Jacksonville and Supporting Partner Wounded Warrior Project, will include:

· Performances by Sal Gonzalez, To***co Road, Bold City Classics and Lane Pittman
· The largest Fourth of July Fireworks show in Jacksonville history
· Facepainting and balloon animals
· The River City Readers Bookmobile
· An art exhibition by Jacksonville Arts & Music School students
· Food and beverages for purchase

On the Southbank at Friendship Fountain and the Riverwalk from 3-9:30pm. Festivities will include:

· Live music by Scott Halls and Caribe Groove
· Fireworks (same show, different vantage point)
· Hot dog eating contest
· Co****le tournament
· Food and beverages for purchase

There will also be festivities at RiversEdge Park (1915 RiversEdge Blvd, Jacksonville, FL 32207) from 6-9pm, including:
· Music and entertainment
· Fireworks (same show, different vantage point)
· Food and beverages for sale

For additional event information, please visit the following websites, but note that they are continuously being updated:
· For July 3rd activities: https://www.jacksonville.gov/departments/military-affairs-and-veterans-department
· For July 4th activities: https://events.jacksonville.gov/
· For a comprehensive list of activities Fourth of July weekend: https://www.visitjacksonville.com/

Does your business provide complimentary on-site food and beverages for employees? The rules for deducting certain busin...
05/29/2026

Does your business provide complimentary on-site food and beverages for employees? The rules for deducting certain business meals have changed. Beginning in 2026, employers generally can’t deduct 1) meals treated as de minimis fringe benefits, or 2) employer-provided meals that are excludable from an employee’s income and provided for the employer’s convenience on business premises. For the 2025 tax year, generally the former were 100% deductible and the latter were 50% deductible. Contact us at (904) 347-2050 to discuss whether this change will affect your company and how to plan accordingly.

F**A taxes on W-2 wages are split equally between employee and employer. For self-employment income, you pay both halves...
05/27/2026

F**A taxes on W-2 wages are split equally between employee and employer. For self-employment income, you pay both halves, but the “employer” half is deductible. If you own and work in a business structured as a partnership, the income passing through to you for income tax purposes generally is also subject to self-employment taxes, even if it isn’t distributed to you. If your income exceeds certain levels, you also could be subject to the 0.9% additional Medicare tax. Call us at (904) 347-2050 to review your situation.

The stepped-up basis rules can reduce capital gains tax for family members who inherit your assets. Under these rules, w...
05/26/2026

The stepped-up basis rules can reduce capital gains tax for family members who inherit your assets. Under these rules, when your loved one inherits an asset, its tax basis is “stepped up” to its fair market value at the time of your death. If the heir later sells the asset, he or she will owe capital gains tax only on any appreciation after your date of death, rather than on the entire gain since you acquired it. Investment accounts, business interests, real estate and personal property are among the assets affected by the stepped-up basis rules. Call us at (904) 347-2050 for details.

Honoring the brave men and women who made the ultimate sacrifice for our freedom. Our offices are closed today as we rem...
05/25/2026

Honoring the brave men and women who made the ultimate sacrifice for our freedom. Our offices are closed today as we remember their courage, service, and legacy.

Wishing everyone a safe and meaningful Memorial Day.

05/23/2026

Inheriting retirement accounts isn’t as simple as it used to be. The 10-year drawdown rule can trigger hefty taxes for heirs. Learn how smart planning can help.

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9700 Touchton Road , Ste 103
Jacksonville, FL
32246

Opening Hours

Monday 8:30am - 4pm
Tuesday 8:30am - 4pm
Wednesday 8:30am - 4pm
Thursday 8:30am - 4pm

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