Starting and growing a business in Coral Gables is an exciting endeavor, but it comes with its own set of unique challenges. Among these, managing the financial side of things can be particularly complex, especially for entrepreneurs who are new to handling their own accounting. Whether you’re just starting out or you’re well-established, understanding and […]
Prepping for Next Year: 5 Tax Planning Tips from a Coral Gables CPA
When it comes to financial success, smart tax planning isn’t just a once-a-year task—it’s a year-round strategy. If you’re a business owner, high-earning professional, or working individual, planning ahead can mean the difference between overpaying and optimizing your tax return. At David Hernandez, C.P.A., P.A, our team helps clients stay ahead of potential surprises and […]
Small Business Accounting in Coral Gables: 5 Costly Mistakes and How to Avoid Them
Running a small business in Coral Gables is exciting, but managing finances can be overwhelming. Proper bookkeeping and accounting are essential for success, yet many business owners unknowingly make financial mistakes that can hurt profitability, cash flow, and tax compliance. Even small errors can snowball into costly issues that drain resources and lead to penalties. […]
Beware Aggressive Employee Retention Credit “Mills”
To help small businesses keep employees on their payroll during the pandemic, Congress introduced the Employee Retention Credit (ERC) in 2020, which is a tax credit that can be claimed on the quarterly payroll tax reports. Since its inception, additional laws have modified the qualifications, and it is now quite a complex area. Because it […]