The professionals at My CPA, PA, offer an array of virtual CPA and CFO services. We strongly focus on two main areas – business and IRS tax services. We are equipped with a Wynwood CPA, an in-house tax attorney, a former IRS agent, and more than twelve years of experience. Our team handles day-to-day business accounting services in Wynwood, FL ,so you can focus on what’s important—running your business.

Wynwood, FL CPA for Your Business

As a Wynwood business accountant, we can provide insightful business and accounting services such as:

•  Business consultation and incorporation
•  Monthly bookkeeping and payroll
•  Business tax preparation
•  Profit and loss statements

Wynwood FL IRS Tax Resolution Services

With the invaluable expertise of our in-house Wynwood tax attorney and former IRS agent, our firm possesses a unique and formidable advantage when representing individuals and businesses dealing with IRS issues. Our team goes beyond traditional tax legal services, showcasing a comprehensive and specialized approach to tackle various tax-related challenges effectively.

Spotlight On: Deducting Car Expenses As a Business Owner

Claiming vehicle-related expenses can offer substantial tax advantages for business owners. To qualify, ownership or responsibility for the vehicle’s lease is necessary, alongside its dedicated use for business purposes. There are two deduction calculation methods: the standard mileage rate and actual expenses.

The standard mileage rate entails a fixed deduction per business mile, excluding commuting between home and a regular workplace but covering travel to meetings or buying business supplies. Alternatively, the actual expense method allows deductions for ownership and driving costs, like gas, insurance, and maintenance, specifically for business-related use. Choosing the deduction method is crucial, impacting future options, and maintaining precise records is vital for validation. Seeking guidance from a tax professional helps navigate these complex rules.

We provide virtual accounting services to clients from Fort Lauderdale, Coral Gables, Hollywood, and more.