Gonzalez Varela, CPA

21/10/2026

☕ "Can I deduct my daily coffee if I work from a coffee shop?"

We get this question all the time! Here’s the short answer:

❌ The Coffee Itself: Generally, no. Buying a cup of coffee just because you're working away from your main office is considered a personal living expense by the IRS.

✅ When It IS Deductible: If you are buying coffee while meeting with a client, vendor, or professional advisor to discuss business, it qualifies as a Business Meal (typically 50% deductible).

Key Takeaway: For an expense to be deductible, it must be both ordinary and necessary for running your business.

Save this post for your next coffee shop work session! 📌

Carlos Gonzalez Varela CPA
787-744-0750
Puerto Rico & USA

20/10/2026

La transparencia es clave para el desarrollo de nuestros municipios. Por eso, hemos reforzado nuestros procesos para auditar las planillas de propiedad mueble de años anteriores y garantizar que los datos reportados coincidan con la realidad operacional de cada negocio.

Si siempre radicas con la información correcta, no tienes de qué preocuparte. Si necesitas verificar tu estatus o aclarar dudas sobre radicaciones pasadas, comunícate con nosotros.

📞 787-625-2746
💻 www.crimpr.net

15/10/2026

📋 5 Expense Categories Small Businesses Frequently Miss

When tax season rolls around, every valid deduction counts! Make sure you aren't leaving money on the table by tracking these 5 commonly overlooked areas:

1️⃣ Software & Subscriptions: From Zoom and Canva to industry-specific tools, these monthly fees add up quickly.
2️⃣ Vehicle Mileage: Driving to meet a client or pick up supplies? Track those miles!
3️⃣ Home Office Expenses: If you have a space dedicated exclusively to your business, you may qualify for home office deductions (utilities, internet, etc.).
4️⃣ Professional Development: Courses, books, industry conferences, and professional dues related to your trade.
5️⃣ Bank & Payment Processing Fees: Stripe fees, PayPal fees, and monthly bank maintenance charges are all tax-deductible expenses.

📂 Pro Tip: Keep digital copies of your receipts throughout the year using an app like QuickBooks or Dext so you aren't scrambling in April.

Need help cleaning up your books before year-end? Send us a direct message! ✉️

Carlos Gonzalez Varela, CPA
[email protected]
(787)744-0750

12/10/2026

🚨 Tax Myth Buster: "Writing off an expense means it's free!" 🚨

We hear this all the time, but let’s clear up a common misconception:

When you write off a business expense, you aren't getting a 100% refund on what you spent. Instead, you are subtracting that expense from your total taxable income.

💡 Quick Example:
If your business earns $100,000 and you spend $1,000 on a necessary piece of equipment, your taxable income drops to $99,000. Assuming a 25% tax rate, that $1,000 expense saves you $250 in taxes—it doesn't make the item completely free.

Takeaway: Never buy unnecessary items just "for the tax write-off." Only spend on things that actually help grow or operate your business!

Have questions about what qualifies as a legitimate business expense? Drop a comment below! 👇

Carlos Gonzalez Varela, CPA
(787)744-0750
[email protected]

09/10/2026

05/10/2026

02/10/2026

October extension is the 15th!
We are ready for you!
787-744-0750
Carlos Gonzalez Varela, CPA

25/09/2026

10 Accounts to Update
As a CPA, I often advise clients that the period following the loss of a spouse is emotionally overwhelming, but there are critical financial and administrative tasks that must be addressed to protect your estate and ensure a smooth transition of assets.

Here are ten essential accounts and entities that typically require your attention:
* Social Security Administration: You must report the death to stop benefit payments to the deceased and to discuss potential survivor benefits for yourself or minor children.
* Financial Institutions: Notify banks, credit unions, and brokerage firms to freeze or retitle joint accounts, remove the deceased’s name, and ensure you have sole access to necessary funds.
* Life Insurance Policies: Contact the providers to file death benefit claims. Be prepared to provide a certified death certificate for each policy.
* Employer Benefits/HR: If your spouse was employed, reach out to their human resources department regarding final paychecks, accrued leave, pension plans, 401(k) accounts, and potential life insurance or death benefits.
* Credit Reporting Agencies: Notify the three major bureaus (Equifax, Experian, and TransUnion) to flag the credit file of the deceased. This helps prevent identity theft during the probate process.
* Credit Card Companies: Close individual accounts held in the deceased’s name and remove their name from any joint accounts to avoid future liability or unauthorized charges.
* Investment and Retirement Accounts: Update beneficiaries on your own retirement accounts (such as IRAs or 401(k)s) and initiate the transfer or retitling of the deceased’s personal investment accounts according to their estate plan.
* Government Agencies (IRS/State Tax): You will need the deceased’s Social Security number for final tax filings. Depending on the estate size, you may also need to file an estate tax return.
* Utilities and Service Providers: Contact utility companies, internet providers, and subscription services to transfer accounts into your name or terminate those that are no longer needed.
* Department of Motor Vehicles: If there are vehicles registered solely in the deceased’s name, you will need to update the titles and registration to reflect the new ownership, which is often required before the vehicle can be sold or transferred.
Please remember that this is a general list.

Depending on your specific location and the complexity of the estate, there may be additional requirements. I strongly recommend keeping a detailed log of every phone call, including the date, the name of the representative you spoke with, and any reference numbers provided.

Carlos Gonzalez Varela CPA
787-744-0750

25/09/2026

Decisions on AI are becoming another way financial institutions stand apart from each other. >> See the full article below ⬇️