Tax and Accounting Guidance

Advice from BEST OPTIONS

How to Form an LLC in Florida in 7 Steps

September 17, 2021

Here are the basic steps to follow to create a limited liability company within the state of Florida. 1. Choose a name for the LLC. Under Florida law, the name of a limited liability company must contain the words “Limited Liability Company”, “L.L.C.”, “LLC”, or […]

Florida Corporate Income Tax

September 16, 2021

The Florida-based corporate income and franchise tax is imposed on all corporations for the privilege of conducting business, generating income, or existing… Corporations, including entities that are federally taxed as corporations, are subject to this tax. A corporation’s federal income, adjusted for Florida additions, subtractions […]

8 Tips to Avoid Financial Troubles in the US

September 16, 2021

1. Create a realistic budget and stick to it. This means periodically checking your budget against your actual spending habits and adjusting your numbers and spending habits accordingly. 2. Don’t make impulse purchases. When you see something you didn’t plan to buy and don’t really […]

Advice on Diversifying Your Investments

September 16, 2021

When it comes to investing, we always recommend that our clients go for variety, not quantity. Having a lot of investments does not allow you to diversify, which will safeguard your financial future. To diversify, you need to have different types of investments. This means […]

What is FIRPTA?

September 16, 2021

FIRPTA is a federal tax law that ensures that foreign sellers pay income tax on the sale of real estate in the United States. The law aligns foreign sellers with U.S. residents, who are required to report the sale of real estate and pay any […]

Why Invest in Real Estate in Florida?

September 16, 2021

Why Florida? When people think of real estate investment, Florida tends to be one of the first places to consider. But why? First of all, nothing is more appealing than the beautiful beaches, warm sunny weather and luxurious lifestyle that people associate with Florida. Snowbirds, […]

Taxes for Employers

September 16, 2021

Does your LLC have employees? If so, you will have to pay employer taxes. Some of these taxes are paid to the federal government (the IRS) and are not covered here. (Note, however, that federal employer tax obligations begin with obtaining a federal employer identification […]

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