TAX

Filing taxes in Tampa doesn’t have to be stressful. With the right plan—deadlines, documents, and smart deductions—you can file accurately and keep more of your hard-earned money. At Henriquez Accounting & Tax Services, we guide individuals and small businesses in Tampa, Wesley Chapel, Zephyrhills, and the entire Hillsborough/Pasco area.

Who We Help

  • W-2 earners, contractors (1099), and gig workers
  • LLCs, S Corps, and C Corps (retail, trades, creatives, e-commerce)
  • Real estate investors (rentals, flips, cost segregation guidance)

Key Deadlines

  • Individuals (Form 1040): mid-April (extensions to mid-October)
  • S-Corp/Partnerships: mid-March (extensions to mid-September)
  • Quarterly Estimates (1040-ES): April • June • September • January

Document Checklist

  • W-2, 1099-NEC/INT/DIV/B, K-1, brokerage and crypto statements
  • Business P&L and Balance Sheet (QuickBooks), mileage/vehicle logs
  • Mortgage interest, property taxes, education/child credits, HSA statements
  • Charitable donations and medical expenses if applicable

Top Deduction Opportunities

  • Home office: space used regularly and exclusively for business
  • Vehicle & mileage: standard or actual expense—keep detailed logs
  • Retirement contributions: SEP-IRA or Solo 401(k) for self-employed
  • Health accounts: HSA/HDHP planning
  • Depreciation: equipment and tools, including Section 179/bonus depreciation when applicable

Tampa-Specific Notes

Florida has no personal state income tax, but federal tax requirements and payroll obligations still apply. For Tampa businesses, monthly reconciliations and proactive bookkeeping make tax season easier and improve cash flow planning.

How We Make Filing Easier

  • Pre-filing organization: checklists, secure portal, and clear file naming
  • Review of credits/deductions and year-end projections
  • Tax strategy: entity selection, owner payroll, and estimated tax planning

Ready to file with confidence?

Schedule a personalized consultation with a leading Top Tampa Tax Accountant today and take the first step toward financial clarity and peace of mind. Our team of expert professionals offers a wide range of services, including comprehensive tax preparation designed to maximize your returns and minimize liabilities. We provide detailed strategic tax planning that is thoughtfully tailored to your unique financial situation, ensuring you benefit from every possible advantage. Additionally, we offer dedicated IRS audit support to protect your interests, guide you through the process, and ensure full compliance with all tax laws and regulations.

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FAQs

Can I file an extension and still avoid penalties?

An extension grants you additional time to file your tax return, giving you extra days to complete and submit your paperwork. However, it is important to understand that this extension does not provide extra time to pay any taxes you owe. To reduce the amount of interest and penalties you might incur from late payment, it is crucial to submit an estimated payment by the original tax deadline. Taking this important step helps minimize potential financial consequences, such as accumulating interest charges and penalties, while you finalize your filing and ensure everything is accurate and complete.

When should I consider switching to an S-Corp?

When net profits remain steady and consistently exceed certain defined thresholds over an extended period, an S-Corporation has the potential to substantially reduce the total amount paid in self-employment taxes. This tax advantage can lead to significant savings for business owners. However, before making any changes to your current business structure, we conduct a thorough and careful analysis of your financial numbers, cash flow, and overall business situation to ensure that this strategy is truly beneficial and aligns well with your long-term goals.

Do you help with QuickBooks and reconciliations?

Yes. We provide comprehensive and thorough cleanup services designed to streamline your financial records. Additionally, we establish precise and customized bank rules tailored to your specific needs. Our team manages monthly closes efficiently, ensuring accuracy and timeliness. We also deliver detailed, well-organized reports that are fully prepared and ready for tax filing, loan applications, or presentations to investors, helping you make informed decisions with confidence.


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