Frequently Asked Questions

The information you will find on this page does not constitute financial advice. It is only here for informational purposes.

General & Getting Started

  • A few things set us apart.

    1. We stay current on IRS law and tax code changes year-round, not just at tax season, so you're never caught off guard by new rules or deadlines.

    2. Second, Yani is both a licensed tax professional and a licensed real estate agent, which means real estate investors get advice that most accountants simply can't offer.

    3. We're a close-knit team. We know our clients by name, by situation, and by history. You won't be passed around or treated like a number here.

  • No — and that's actually one of the most important things to understand about working with us. The best tax outcomes happen through year-round planning. We support businesses with monthly bookkeeping, payroll, tax planning, and financial strategy throughout the entire year. We even work extended hours when clients need us, including past April 15.

  • When you first reach out, our secretary Lupe will get back to you within a few hours to schedule your appointment. From there, you'll work directly with Yani and our team.

  • We're based in Orlando and serve the greater Central Florida area. Reach out and we can discuss whether we're a good fit for your situation regardless of location.

IRS Issues & Audit Support

  • Don't ignore it — but don't panic either. IRS notices range from routine information requests to serious compliance issues. The first step is understanding exactly what they're asking for. Bring your notice to us and we'll review it, explain what it means in plain English, and tell you what your options are. We deal with IRS notices regularly and know how to respond effectively.

  • Yes. IRS audit representation is one of our core services. We communicate directly with the IRS on your behalf so you don't have to. Our familiarity with audit processes and current tax law means we can defend your return confidently and work to minimize any additional liability.

  • You have more options than you might think. The IRS offers installment agreements, offers in compromise (where you settle for less than you owe), currently-not-collectible status, and penalty abatement programs. The right path depends on your financial situation and how much you owe. We help clients understand and negotiate these options. Ignoring a tax debt only makes it worse since the IRS adds penalties and interest over time.

  • Late filing is common and there are clear processes for catching up. In most cases, voluntarily filing late returns (before the IRS contacts you) results in significantly lower penalties than if they come to you first. We handle prior-year filings and amended returns regularly. The sooner you address it, the better your position.

  • Common audit triggers include significant income inconsistencies year over year, large or unusual deductions relative to your revenue, claiming 100% business use of a vehicle, excessive home office deductions, unreported income, and cash-heavy businesses with no clear paper trail. Working with a professional accountant year-round with organized books, dramatically reduces your audit risk.

Bookkeeping & Payroll

  • Yes, and you're not alone. General ledger cleanup and bookkeeping organization is one of the things we do for new clients. We get your records in order, identify what's been missed, and set up a system going forward so you always know where your business stands financially.

  • Tax-time-only bookkeeping is one of the most expensive habits a small business owner can have. Without current records, you miss deductions, can't make informed business decisions, and often pay more in accounting fees for the cleanup. Monthly bookkeeping keeps you organized, audit-ready, and in a much stronger position when it's time to file.

  • Yes. We handle payroll processing, payroll tax filings, employee and contractor setup, and ongoing compliance including W-2s and 1099s at year end. Payroll mistakes are a leading cause of IRS penalties for small businesses, so having it managed properly matters.

Business Taxes & Entity Structure

  • Before anything else, you need to decide on your business structure — for example: sole proprietor, LLC, S-Corp, etc.

    That decision affects how much you pay in self-employment taxes, how you're protected from liability, and what deductions you can take. Getting it wrong early is costly and harder to fix later. We help new business owners get set up correctly from day one, including entity formation guidance, EIN setup, and your first year tax plan.

  • An LLC is a legal structure; an S-Corp is a tax election. You can actually have an LLC that's taxed as an S-Corp, which is a common setup for small business owners in Florida. The S-Corp election can save you significantly in self-employment taxes once your business is generating consistent profit — often $5,000–$15,000+ per year depending on revenue. Whether it makes sense for you depends on your income level, how you pay yourself, and your business type. This is something we review with every business client.

  • It's never too late, and many business owners wait longer than they should. Switching does involve paperwork, payroll setup, and timing considerations, but the tax savings going forward often far outweigh the transition cost. We walk you through the full picture before making any recommendation.

  • More than most business owners realize. Common deductions include home office, vehicle use, equipment, software, phone and internet, professional development, meals with clients, health insurance premiums (for self-employed), and retirement contributions — among others. The deductions available to you depend on your business type and how your books are organized. Messy or incomplete records are the #1 reason business owners leave money on the table.

  • Yes. We handle individual and business tax preparation, and for most of our small business clients, the two are closely connected. We prepare both and make sure they're optimized together.

Real Estate Investors

  • Rental property owners have access to some of the most powerful tax deductions in the U.S. tax code including depreciation, mortgage interest, repairs and maintenance, property management fees, insurance, and travel costs. Many investors also don't take advantage of cost segregation studies, which can accelerate depreciation and generate significant deductions in the early years of ownership. If you're not working with someone who specializes in real estate taxation, you're likely leaving thousands on the table.

  • Depreciation allows you to deduct the cost of your rental property over time, typically 27.5 years for residential properties as a "paper loss" even when your property is actually appreciating in value. This deduction can offset rental income and in some cases your ordinary income, reducing your overall tax bill significantly. It's one of the primary reasons real estate investing is so tax-advantaged.

  • House flipping income is generally treated as ordinary income (not capital gains), because the IRS considers flippers to be dealers rather than investors. This means it's subject to both income tax and self-employment tax. The right business structure, expense tracking, and timing strategies can significantly reduce what you owe. This is an area where having a real estate-savvy accountant makes a real difference.

  • A 1031 exchange allows you to defer capital gains taxes when you sell an investment property by reinvesting the proceeds into a "like-kind" property within specific time limits. It's a powerful wealth-building tool for investors who want to keep growing their portfolio without a large tax hit at each sale. Strict IRS rules and deadlines apply — the process needs to be set up correctly before closing on the sale. We work with investors on the tax planning side of 1031 exchanges.

  • Yes. Because Yani holds both a tax professional credential and a real estate license, she can look at your investment from both angles, the financial and tax implications of each option in a way most accountants aren't equipped to do. This is one of the most valuable conversations you can have before making a major real estate decision.

  • Absolutely. Many of our clients are business owners who also hold real estate investments, and the two often interact in tax planning. We handle the full picture.

Appointments & Pricing

  • Fill out the contact form or call us at (407) 574-4167. Our secretary Lupe will call you back within a few hours to schedule your appointment. You can also book directly through our online scheduling system on the website.

  • For businesses: your most recent tax returns, any IRS notices you've received, your current bookkeeping records or bank statements, payroll information if applicable, and a list of questions. For real estate investors: property addresses, purchase and closing documents, rental income records, and any depreciation schedules from prior returns. The more context you bring, the more useful our first meeting will be.

  • Yes. Our team is bilingual and serves both English and Spanish-speaking clients.

  • We're located at 7205 Curry Ford Road, Suite 3, Orlando, FL 32822. Office hours are Monday–Friday 9am–5pm, and Saturday by appointment.

Have a question that isn't answered here? Call us at (407) 574-4167 or send us a message — Lupe will get back to you the same day.