Accurate and timely tax and accounting information and financial services are a necessity for any successful business or personal financial situation. Let the Portnoy CPA team provide you with the comprehensive services that will help you achieve your financial objectives.
We offer a full range of services with the expertise you require. When you work with Portnoy CPA, you'll benefit from a firm with the highest quality and most up-to-date expertise plus the friendly, local service that has contributed to the success of our clients for years.
We invite you to review our comprehensive suite of professional services:
BOSS
Tax
Step Up For Students
Family Office
Our all-inclusive, cloud-based solution offers business owners relief from day-to-day accounting hassles by enabling you to outsource this work to our team of professionals. We handle the accounting so you can put your focus back on your business. We offer BOSS at three levels to fit the diverse needs of our clients. Review the levels below and contact us to determine which is best for you.
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| Accounting | |||
| Reconcile bank and credit card accounts | — | ✓ | ✓ |
| Payroll | |||
| Prepare payroll | — | ✓ | ✓ |
| Submit payroll taxes to governmental agencies | — | ✓ | ✓ |
| Prepare payroll tax returns | — | ✓ | ✓ |
| Provide employee access to electronic paystubs | — | ✓ | ✓ |
| Prepare annual W-2s | — | ✓ | ✓ |
| Accounts Payable | |||
| Process bills and vendor payments | — | — | ✓ |
| Track credit card expenses and receipts | — | — | ✓ |
| Tax | |||
| Tax preparation | ✓ | ✓ | ✓ |
| Consulting | |||
| Tax projection and planning | — | ✓ | ✓ |
| General business consulting | ✓ | ✓ | ✓ |
| Semi-annual video conference | — | ✓ | ✓ |
| Technology | |||
| Access to QuickBooks Online via PortnoyCPA.com | ✓ | ✓ | ✓ |
| Access to document retrevial software | ✓ | ✓ | ✓ |
We know one of your top priorities is paying less in taxes. This is best achieved through comprehensive tax planning. Whether you’re an individual or corporation, we can accommodate your needs. We work with you throughout the year to develop a customized plan with tax-saving strategies that are tailored to your unique situation. Our personal, one-on-one service and expert tax return preparation and advice will give you peace of mind, knowing that your tax return is in capable hands.
We are diligent about remaining up-to-date on the changing tax laws and will examine all of the tax-saving opportunities available to you. We are committed to minimizing your tax liabilities and maximizing your future opportunities—while remaining in full compliance with IRS statutes.
The Florida Tax Credit Scholarship was enacted in 2001 to provide educational options to make scholarships available to children whose household income qualifies them for free or reduced-price lunch. In 2010, the Legislature added a new provision, 1002.395(8)(e), that requires participating schools receiving more than $250,000 in scholarship money during the fiscal year July 1 to June 30 to file an accountability report. This accountability report focuses on the use of the scholarship money and the financial procedures and controls in place at the schools. That report, in the form of Agreed-Upon Procedures, is to be completed by an independent and current, Florida Certified Public Accountant (CPA).
The Agreed-Upon Procedures are developed and revised jointly by all state-approved nonprofit Scholarship Funding Organizations that have provided more than $250,000 in Tax Credit Scholarships in the year prior to each biennial review. The first review of the Agreed-Upon Procedures was completed in February 2013 and revised Agreed-Upon Procedures were provided to private schools and the state education commissioner on March 15, 2013. The revised Agreed-Upon Procedures below were developed in accordance with the standards established by the American Institute of Certified Public Accountantsin Statements on Standards for Attestation Engagements (AT Sec. 201) and following the input of accrediting associations that are members of the Florida Association of Academic Nonpublic Schools.
Each school receiving more than $250,000 in a fiscal year, July 1 to June 30, is required to submit an original copy of the Independent Accountant’s Report on Applying Agreed-Upon Procedures to the Scholarship Funding Organization that provides more than half its scholarship receipts by September 15, following the end of that fiscal year. Faxed copies will not be accepted and will be discarded upon receipt. In return, the Scholarship Funding Organization must report to the Commissioner of Education by October 30 of that year: 1) A school’s failure to file the Independent Accountant’s Report on Applying Agreed-Upon Procedures; and 2) Any material exceptions set forth in a school’s Independent Accountant’s Report on Applying Agreed-Upon Procedures.
BOSS is the answer to your back office headaches. Our cloud-based solution enables you to hand complex accounting tasks over to us. We work the numbers while providing you 24/7 access to your data—and all at a fixed, affordable monthly fee.
Most professions have their own lingo, and accounting is no different. What is different is that you have a vested interest in understanding what your accountant tells you about your financial situation. So, here’s a quick primer on common accounting terms—some business-related, some general—to keep you in the know:
There has rarely been a winter when we so badly needed to see (and feel) spring. Depending on where you live, this could mean bluer skies, warmer temperatures, time outside and…gardening! For those who live in a climate where spring doesn’t always mean it’s warm enough to garden outdoors, consider creating an indoor planting box for flowers, veggies, herbs or all of the above.
While “under a blanket on a cold winter day” isn’t the worst place to work, it’s a good idea to regularly assess your remote working environment—especially if you don’t have a full home office setup—to decide if anything needs an adjustment or upgrade. Here are four important points to consider:
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