The IRS has announced a significant improvement that could save millions of taxpayers from unnecessary penalties. Beginning with eligible 2025 tax returns and 2026 quarterly returns, qualifying taxpayers may automatically receive relief from certain IRS penalties—without having to submit a formal request. At WR Howell, CPA, we stay ahead of important tax law changes so our clients can benefit from every opportunity available. Here's what this new IRS initiative means for individuals and businesses. What Is Automatic IRS Penalty Relief? The IRS is replacing its long-standing First-Time Abatement (FTA) process with a new Automatic Exemption from Penalty (AEP) program. Previously, many eligible taxpayers missed…

You invest countless hours into growing your enterprise, yet overlooking common tax compliance mistakes can quickly erode those hard-earned profits. Navigating the complexities of Florida business taxes requires a proactive approach to prevent unexpected penalties and regulatory setbacks. By implementing effective small business tax planning, you can protect your revenue streams and maintain strict regulatory alignment. Discover the most frequent filing errors entrepreneurs make and learn exactly how to secure a stronger financial future for your organization.

As a small business owner in Altamonte Springs, Casselberry, Sanford, Orlando, Longwood, Apopka, Winter Park, or the surrounding areas, you understand the challenges of managing your company's financial aspects while striving to grow and succeed. In this blog, we'll delve into the myriad advantages of hiring professional accounting services and how they can significantly impact your small business's trajectory.

When it comes to managing your business finances, ensuring accuracy, compliance, and strategic decision-making is of utmost importance. As a business owner in Altamonte Springs, Casselberry, Sanford, Orlando, Longwood, Apopka, Winter Park, or the surrounding areas, you need a trusted partner to navigate the complexities of accounting, QuickBooks, business consulting, payroll, business incorporation, tax preparation, and planning services. Look no further than W R Howell, CPA, your premier destination for professional accounting solutions. In this blog, we will delve into the world of accounting and unveil the resources we rely on to provide you with exceptional services tailored to your unique needs.

The Internal Revenue Service today released frequently asked questions (FAQs) about energy efficient home improvements and residential clean energy property credits in Fact Sheet FS-2022-40PDF.

Paying taxes, keeping receipts, and maintaining healthy books are essential for a business to stay compliant with the IRS. Employees also need to file their returns accurately if they want to avoid arrears and receive rebates on time.

The W R Howell, CPA team wishes you a very Merry Christmas, a joyous holiday season, and a happy, healthy, and peaceful New Year 2023!

As a Certified Public Accounting firm, we render personal attention and responsiveness to our clients and excel in payroll, and tax preparation. We also like to accept challenges and find solutions for our clients’ tough problems. Please keep reading to learn about how we help clients estimate their tax liability.

After all the recent talk of spiraling interest rates, rising inflation, and impending job cuts, there is finally some good news to cheer about. Retirement plan changes may be coming in the form of legislation introduced in Congress. 

Becoming an entrepreneur is exciting as it’s the first step towards financial freedom. You also get to run a business you love, make all the decisions, and enjoy the tax benefits of forming a company.

No matter how small or big your business is, having a tax and financial advisor can make a world of difference. If you are serious about your business, getting a CPA is recommended. CPAs or Certified Public Accountants are considered to be super accountants because they are required to clear a notoriously difficult licensing examination in a state. Technically, all CPAs are accountants, but all accountants may not be CPAs. An accountant might fulfill some of your business's accounting needs. However, there are specific circumstances where having a CPA can have its advantages. 

We are delighted to announce the launch of our new website!