Solutions Group Accounting Firm

We are thrilled to welcome Stuart Fletcher as our Head of Tax and as our Advisory Services Director! ?? Stuart brings a wealth of expertise in client advisory services, high-end tax advisory, and complex tax planning engagements. His leadership will strengthen our tax preparation efforts while also expanding our advisory capabilities, ensuring that we continue to deliver proactive, strategic financial guidance to our clients. His impact has already been instrumental in building out our team and enhancing our service offerings. With Stuart at the helm, we are further solidifying our position as a trusted partner for businesses seeking comprehensive tax and financial advisory solutions. Join us in welcoming Stuart to the SGAF team! ?? #TaxAdvisory #ClientAdvisory #AccountingExcellence #Leadership #SGAF

Rumors are swirling based on a Reuters report today that the IRS may begin laying off thousands of employees next week - some estimates suggest as many as 6,000 initially, with the potential total rising to 15,000. If these reports hold true, that’s nearly 15% of the agency’s entire workforce. The timing couldn’t be worse, with tax-filing season in full swing and over 140 million returns typically awaiting review. It is hard to imagine that the diminished staffing levels don’t lead the already understaffed IRS to slower refunds, processing and customer support. We encourage our clients and network to: 1. File Early: Getting your returns in as soon as possible may help you avoid potential processing bottlenecks. 2. Opt for Direct Deposit: Refunds may arrive faster via direct deposit than by paper check—especially if resources at the IRS are stretched thin. 3. Stay Informed: Keep an eye on reputable news sources and IRS announcements for any updates on staffing changes or policy shifts. While these reported layoffs are still unconfirmed, staying prepared is the best way to ensure your tax season goes smoothly. For personalized guidance, reach out us at [email protected], we’re here to help you navigate any tax challenges ahead. #IRS #Layoffs #TaxSeason #AccountingTips #SolutionsGroup #SMB

Visit us at https://lnkd.in/ect_7H9G or give us a call at 321-363-4982 to connect and get started on filing your taxes. We're here to make tax season stress-free and straightforward!

In light of Bench Accounting’s closure, we’re reflecting on the value of personalized, advisory-driven accounting services. At Solutions Group Accounting, we believe that true financial guidance goes beyond numbers. It’s about building long-term relationships, understanding the unique needs of your business, and offering tailored advice that helps you make informed decisions. If you’re looking for a trusted partner to help navigate the complexities of accounting and tax, we’d love to connect. #Accounting #BusinessAdvisors #TaxPlanning #SmallBusiness #Entrepreneurs #SolutionsGroupAccounting

As trusted advisors, we’ve noticed that many real estate owners are unaware of a powerful tool to reduce taxable income and improve cash flow: cost segregation studies. With year-end approaching, now is the perfect time to explore this strategy and take advantage of significant tax-saving opportunities. What is a Cost Segregation Study? A cost segregation study is an engineering-based analysis that reclassifies certain components of income-producing rental or commercial properties into shorter depreciation schedules. Here’s how it works: ? Identify qualifying components: Items like electrical systems, plumbing, flooring, and exterior improvements can often be depreciated over 5, 7, or 15 years instead of the standard 27.5 or 39 years. ? Accelerate deductions: This allows you to bring significant depreciation benefits into the current tax year. ? Boost cash flow: Reduced taxable income means more money to reinvest in your business or portfolio. In our experience, cost segregation studies typically generate 3-5 times the cost of the study in tax savings, making them a high-ROI strategy for real estate owners. Why Act Now? The end of the year is the optimal time to take action. By conducting a cost segregation study before year-end, you can capture these tax savings on your current tax return. Even properties purchased, constructed, or renovated in the past few years may qualify. What Types of Properties Qualify? This strategy applies to income-producing properties, including: ?? Residential rentals (long-term or short-term, including Airbnb/VRBO) ?? Commercial properties (e.g., car washes, warehouses, offices, retail facilities) ?? Properties with significant renovations or improvements ?? *Note*: Primary residences do not qualify, as this strategy is exclusively for income-generating properties. How Do You Know If You Qualify? Not every property will benefit from a cost segregation study. Factors like property type, usage, and the value of improvements play a role. To help you determine if this strategy is right for you, we’re offering complimentary discovery calls. Our team will review your property details and guide you through the process to assess whether you qualify. ?? Schedule Your Discovery Call Today Don’t wait—year-end deadlines are fast approaching! Contact us to ensure you’re not leaving money on the table.

We are thrilled to have you on the team, Richard!