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John Pharr CPA

Big firm capacity. Small firm personality.

850.435.8844

News & Articles

education_iras

Don’t miss the education-saving device that often flies under the radar; it’s especially beneficial if enrolling your kids in private school. Strategy: Set up a Coverdell Education Savings Account (CESA). Because it operates like an IRA for education purposes, it’s often called the “Education IRA.” Although the contribution limit pales next to Section 529 plans, CESAs aren’t just for higher education. You can also withdraw amounts tax-free for elementary and secondary school expenses. But now

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TaxTips

Now that we’re in the closing weeks of 2016, it’s time to finalize year-end tax saving strategies. Accounting firm Grant Thornton LLP has released a collection of Year-End Tax Guides for 2016 to help individual taxpayers and small business owners prepare. “This has been a complicated year for the tax code – with changes affecting both individual and business taxes,” said Dustin Stamper, director in Grant Thornton’s Washington National Tax Office. “Several temporary provisions expired

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deduct

Since you can’t get away from taxes, the best thing to do is be prepared for them. If you own a small business, taxes become a bit more complicated, but there are several ways to make sure tax time is less stressful. Read these tax tips for small business owners. Think Taxes Year Around Thinking about your taxes all year does not seem to be a way to avoid stress but in reality, tax planning

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