Source Advisors

This Thanksgiving, we extend our gratitude to our clients, partners, and team members who make our work so rewarding. Your trust and collaboration drive us forward every day. Wishing you a wonderful holiday filled with warmth, joy, and reflection. Happy Thanksgiving from all of us at Source Advisors! #thanksgiving24 #worksgiving #sourceadvisors

How Will Potential Tax Changes Impact You? As the 2024 election results unfold, businesses and individuals must prepare for potential shifts in tax policy. From R&D tax credits to energy incentives, these changes could reshape financial strategies. Stay informed about what lies ahead—read our detailed analysis here: https://bit.ly/413dDEJ #TaxNews #PolicyUpdates #Election2024

A huge round of applause for Penny Bell, the recipient of the Accountable Award! Penny’s dedication, integrity, and unwavering commitment to excellence make her truly deserving of this recognition. Her reliability and proactive approach have set a standard within our team, inspiring us all to take responsibility and give our best. Penny, thank you for going above and beyond every day—you’re a role model for accountability, and we’re lucky to have you. #AccountableAward #TeamInspiration #CongratsPenny

Uncovering Popular State Taxes: What You Need to Know. Navigating state taxes can be complex, but understanding the different types is crucial for compliance and financial planning. Here’s a quick overview of some key state taxes you may encounter: Sales and Use Tax: Applies to the consumption of certain goods and services. Income Tax: Levied on income generated within the state. Franchise Tax: Charged for the privilege of existing as a legal entity in the state. Excise Tax: A per-unit levy on specific manufactured products. Property Tax: Imposed for the privilege of property ownership. Gross Receipts Tax: Assessed on income generated within the state, regardless of the source. Stay informed and ensure you're making the most of your financial strategies. If you're unsure, get in touch with our market leaders today. #StateTaxes #TaxStrategy #FinancialPlanning #SourceAdvisors #TaxCompliance

Ever heard of a Use Tax Audit? It’s an often-overlooked but crucial area for businesses. We break down what these audits entail, how they differ from sales tax, and how to prepare. Gain peace of mind and get proactive about tax compliance. Read more in our latest blog via the link below: https://bit.ly/3YQ5YHo #TaxTips #UseTaxAudit #SourceAdvisors

Ready to optimize your tax strategy before the year ends? Join our 2024 Year-End Tax Planning Webinar for expert insights on maximizing savings, navigating recent tax changes, and preparing for the new year. Don’t miss this chance to enhance your financial outlook! Register today: https://bit.ly/40GN8Vl #TaxPlanning #SourceAdvisors #Webinar

Join us as Chris Vignone takes the stage at Avalara CRUSH to dive into the latest in tax innovation and compliance! Gain valuable insights alongside industry experts, explore new strategies, and network with peers committed to leading in tax technology. Don’t miss this chance to be inspired and informed by Chris's expertise. Session is AP-3: Best practices: Leveraging A4A tools Time: 9:40 - 10:30 am Monday November 11 To register for the event, click the link below: https://bit.ly/3YBpJC8 #AvalaraCRUSH #SourceAdvisors

Sales Tax vs. Use Tax: What’s the Difference? Sales tax is collected at the point of sale within the state, while use tax applies to out-of-state purchases brought in for use. Both aim to ensure fair tax collection on taxable goods and services. Learn more about how these taxes impact you or your business in our latest blog— https://bit.ly/3NOrRBr #SalesTax #UseTax #TaxTips

IRS Tax Relief for Hurricane Milton Victims If you're in one of 51 affected Florida counties, you now have until May 1, 2025, for federal tax filings and payments. This includes 2023 and 2024 returns and disaster-related losses. Plus, special considerations apply for impacted taxpayers outside Florida. Discover all relief measures and deadlines via the link below: https://bit.ly/40hh2zx #HurricaneMilton #TaxRelief #SourceAdvisors

Our Source Advisors team—Matt McKinney, Nicole Clothier, and Lisa Novotny—is excited to exhibit at the AICPA National Tax Conference! Join us to explore the latest insights in tax, connect with industry professionals, and discuss innovative strategies for navigating complex tax landscapes. Stop by our booth to say hello and learn how Source Advisors can help support your tax goals. #AICPATax #SourceAdvisors #TaxConference