McDonough CPA Solutions, PA

01/11/2026

09/25/2025

A more than decadelong push by business groups will pay off next week with the end of a state sales tax on commercial leases.

10/09/2024

Our offices will be closed Wednesday and Thursday due to Hurricane Milton. Everyone please stay safe!

04/18/2020

Thanks to our friends at North Point Physicians for these awesome COVID baskets. It’s nice to spread joy with so much going on in the world.

03/23/2020

No formal extension is required to achieve this postponement till 7/15/2020. Upper dollar restrictions have been removed so all payments due 4/15 are deferred.

The IRS announced the postponement of the April 15 federal income tax filing deadline until July 15. Friday’s notice expands on earlier guidance that had only postponed tax payments but not the filing deadline.

03/20/2020

Americans will have an additional three months to file their taxes amid the coronavirus pandemic, the US treasury secretary said on Friday.

03/17/2020

Today, Governor Ron DeSantis announced the activation of the Florida Small Business Emergency Bridge Loan Program to support small businesses impacted by COVID-19. The bridge loan program provides short-term, interest-free loans to small businesses that experienced economic injury from COVID-19.

The application period opens tomorrow, March 17, 2020 and runs through May 8, 2020. Basic information include

Applicant:
Loans will only be made to an individual or individuals who own, individually or collectively, at least 51% of an Eligible Business. The Eligible Business owners must serve as guarantor for the loan and only one loan may be made per Eligible Business.

Amount (Max):
Businesses with less than two (2) employees: $25,000 per Business Max
Business with two (2) to 100 Employees: $50,000 per Business Max
(loans of up to $100,000 may be made in special cases)

Terms:
All loans will be due one (1) year from the date of the promissory note

Interest:
Loans are interest free for the term (1 year) of the loan

The application form and additional details can be found at FloridaDisasterLoan.org.

08/15/2018

IR-2018-162, Aug. 8, 2018 — The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income.

02/25/2018

There are lots of tax scams out there, but this is the only one that pays you first.