For Small Businesses

ESTABLISH GREATER PROFITABILITY AND BUSINESS EFFICIENCY!

Your business’ profitability and operational efficiency are at the center of your business’ success!
Our experience, resources, and attention to detail make our accounting services second-to-none. As an experienced accounting team, we look forward to the opportunity to help transform your business’ financials as we work with you to establish short- and long-term strategies for growth and profitability.

 

Working with us and enlisting our business services could make all the difference!

Whether you need help starting a business, cleaning up your bookkeeping, setting up QuickBooks, handling payroll, or you crave some much-needed business coaching or other strategic consulting, we have been doing this for years, and stay on top of all of the new regulations to help you take the most advantage possible. Legally, and ethically — and profitably.

We work with our clients in a relational way to help them experience the financial success they desire — whether the business is just an idea, relatively new, or a well-established entity. Whether small, large, or in need of some special attention, we have the experience you need so that you can focus on what your business does best.

Frank Gutta & Co. CPA’s, P.A. secures a woman and children’s financial future

One of our clients referred a lady who needed help with planning her retirement. She was a schoolteacher, and was retiring in 6 months. Her late husband had taken care of all of the financial affairs before his death. When he met with her the first things that were discussed were her goals and objectives. She told us that she was retiring in six months. She wanted to travel a lot, now that she was alone. She wanted to spend time with her grandkids. She wanted to pay off her son’s mortgage, and not worry about money. She also wanted some asset protection and did not want to be involved in the ups and downs of the stock market. She also did not want to burden her kids to have to take care of her if she became ill or disabled and wanted to leave some money for her kids when she passes on. We reviewed her portfolio. Most of what she had was in bonds and money market funds with very low returns. Next we did an analysis of her cash flow needs by going through her expenses and income. We also prepared a balance sheet to get a picture of what she owns and owes as of the current date. We were able to accomplish all her goals in a safe secure way. We were also able to provide her with long-term care if needed it and an extra $1500.00 a month over and above what she needed while leaving enough cash liquidity in case of an emergency. A few weeks later she called us up and told us that she feels secure knowing that she is getting her checks every month, for the rest of her life without having to worry about the market volatility. That is the type of thing we do for people that are concerned about running out of money or afraid of the stock market.

Frank Gutta & Co. CPA’s, P.A. makes a $27,800 difference “attending to the details.”

J.S., a foreign national who worked for an international company had her taxes prepared by one of the largest international CPA firms in the world. She worked overseas and then migrated to the United States in 2010. On the tax deadline, she got an email from the firm saying that she owed about $26,000 in taxes. Obviously shocked, she sought a second opinion from our firm. We offered to review her tax returns and found that they had erroneously included her foreign income while she was a non-resident of the U.S. therefore, she was not liable to pay U.S. tax on her foreign income which resulted in her getting a refund of $1800.00 instead of $26,000 liability. She was absolutely delighted. There were basic questions that her former international well-known CPA firm did not think of asking. They just assumed that the money was taxable.

Frank Gutta & Co. CPA’s, P.A. saves a widow $175,000 in taxes she did not owe!

A lady moved to our area from Connecticut after selling her business. She had a firm in Boca prepare her tax return. They told her that she owed about $175,000.00 in capital gains tax. She was referred to us by one of our clients for a second opinion. We reviewed their tax return and it appeared to be accurate. However, after we started asking her questions, she told us that her husband who passed away last year had started the business 30 years ago- this was the clue. When somebody dies, they get a step up in basis. Meaning the value of the property that was used to calculate the gain on the sales is the value at the date of death instead of the actual cost of the property when they bought it 30 years ago. So the value on the date of sale and date of death was about the same resulting in no gain for tax purposes. She was absolutely delighted to find out that she did not owe any tax. There are some simple questions that you have to ask. When you go through a person’s tax return, the numbers might look correct, but you want to look behind it. Which could make a big difference!

Mastering Your Broward County Business Phone Answering

How is your year starting out? We’re into week 2 of 2023 … would love to hear back from you on what are the challenges you’re facing in your Broward County business finances right now.Relatedly, what are your customer service goals for this year?One customer relations...

Accepting Crypto Payments in Your Broward County Business

First of all, congratulations on making it through 2022. Pat on the back for sticking with it through the very real ups and the challenging lows. Many of our Broward County clients went through the wringer … others had their best year yet.From a personal standpoint, I...

Federal Spending Impact on Broward County Businesses

I don’t know about you, but after the holidays (and I hope yours were filled with good things and happy times with loved ones), I’m always a bit tapped out on the spending. But in true governmental fashion, Uncle Sam is piling it on. Seems like Congress missed...

Gutta’s 8 “Right Now” Business Tax Moves

Ready for some yuletide cheer? Inflation might have hit its peak this year. So say the “experts.” That particular category of people hasn’t exactly covered itself with glory of late … so, we’ll see how that actually plays out for businesses in the coming...

Succession Planning Strategy For Broward County Business Owners

The 2022 clock is almost at midnight.An end to a still somewhat crazy year — “the crazy” seems like our new normal, post-2020, am I right? There were a lot of challenges this year and they were … exhausting. Keeping up with the changes and adjusting to the economic...

Employee Gifts: Some Ideas for Broward County Business Owners

Time is counting down until the year is up and your tax impact opportunity window closes.And even if this is the busiest (and perhaps most profitable) part of the year for your Broward County business, opening up a little space in your calendar to talk about some...

Broward County Businesses choosing to live out of a place of gratitude

This week is an opportunity.To comfort ourselves away from the noise of our clamoring-for-attention society with good food and (mostly?) good company ... for sure.But also, to pause. There's not many opportunities for that as a Broward County business owner (without...

The New Congress and Your Broward County Business

This time of year means big things for Broward County businesses like yours… and big-red-bow-on-top opportunities thanks to the post-Thanksgiving, pre-Christmas buying euphoria. Early indicators are that this has been a tepid start to the consumer holiday season,...

Our (Early) End of Year Checklist for Broward County Businesses

When I think about the holiday season, I think "calm before the storm." That's because in my profession, once mid-December hits, we're scrambling to handle EOY matters. And then when the new year strikes, we're holding our breath for a few weeks ... and then tax...

Changes to Your Broward County Business’s Social Security Payroll Taxes

Have you recovered from the electoral drama yet?Allow me to quickly remind you: No matter how you’re feeling about these results, what matters MOST is how you operate that which is under YOUR control.And I say that as somebody whose entire work is driven by decisions...

How You’re Missing Legal Tax Deductions

Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.

But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!