Blum and Blum CPAs

Blum and Blum CPAs You don't have to be a tax expert. That's our job. We are certified public accountants & advisors.

Single with no kids? You still need an estate plan.It's a common myth that estate planning is only for couples or parent...
10/02/2026

Single with no kids? You still need an estate plan.

It's a common myth that estate planning is only for couples or parents. But without a will, state law decides who inherits what, which could mean distant relatives, or even the state, rather than the people or causes you would choose.

A plan also lets you name someone you trust to handle your finances and make medical decisions if you're ever unable to. It's less about how much you have and more about keeping your wishes in trusted hands.

Want to make sure yours are documented? Call (954) 752-9995.

If you drive for work, your deduction went up.Effective July 1, 2026, the IRS standard mileage rate for business driving...
09/26/2026

If you drive for work, your deduction went up.

Effective July 1, 2026, the IRS standard mileage rate for business driving rose to 76 cents per mile, up from 72.5. The rate for medical and eligible moving purposes is now 23.5 cents, and charitable driving stays at 14 cents.

These rates apply to gas, diesel, electric, and hybrid vehicles alike. One catch: to protect the deduction, you need detailed mileage records.

Questions on tracking or claiming it? Call (954) 752-9995.

Need capital to cover a cash-flow gap, expand, or invest in equipment? Knowing your options helps you choose funding tha...
09/24/2026

Need capital to cover a cash-flow gap, expand, or invest in equipment? Knowing your options helps you choose funding that actually fits your goals.

Five to consider:
- Line of credit: flexible, borrow only what you need, when you need it
- Term loan: for big purchases like machinery, vehicles, or equipment
- Commercial mortgage: to buy retail, office, or industrial property
- SBA loans (7(a) and 504): can open doors when standard financing won't
- Equipment leasing: preserves cash and keeps you current on technology

Many of these carry tax advantages too, since business loan interest and qualifying lease payments are often deductible. Want help weighing the options and the tax impact? Call (954) 752-9995.

There's a new way to save for a child's future. Section 530A accounts, also known as 'Trump Accounts,' were created by t...
09/15/2026

There's a new way to save for a child's future. Section 530A accounts, also known as 'Trump Accounts,' were created by the 2025 tax law and let families set aside money for a child under 18 that grows tax-deferred over time.

A few things worth knowing: you and relatives can contribute up to a combined $5,000 a year, employers can chip in up to $2,500 toward an employee's account, and children who are U.S. citizens born from 2025 through 2028 may qualify for a one-time $1,000 government deposit.

There are rules and trade-offs to weigh. If your main goal is education savings, a 529 plan may still be the better fit. But if your child qualifies for that $1,000 deposit, it can be worth opening an account even if you never add to it.

Not sure what makes sense for your family? Let's talk it through. Call (954) 752-9995.

Helping care for an aging parent? Some of those costs may be tax-deductible. If a parent or elderly relative moves into ...
08/28/2026

Helping care for an aging parent? Some of those costs may be tax-deductible.

If a parent or elderly relative moves into a nursing home mainly for medical care (or is chronically ill), payments to the facility can often count as deductible medical expenses.

Medical costs are deductible to the extent they exceed 7.5% of your adjusted gross income — and if you claim your relative as a dependent, you can generally combine their medical expenses with your own.

Caring for family is hard enough. If you're carrying these costs, let's see whether they can ease your tax bill.

📞 (954) 752-9995 — free consultation

When's the last time you checked your emergency fund?Life changes — income, expenses, family, priorities — and the safet...
08/27/2026

When's the last time you checked your emergency fund?

Life changes — income, expenses, family, priorities — and the safety net that felt right a few years ago might not fit anymore. A quick review can tell you if you're still covered:

✔️ Add up your essential monthly costs (housing, utilities, food, insurance, transportation, health care).

✔️ Aim for 3–6 months of those essentials — more if your income varies, you're self-employed, or you're nearing retirement.

✔️ Check where it's parked: a high-yield savings or money market account can earn more while staying accessible.

Peace of mind is worth a 10-minute check.

Renting out your Florida vacation home this year? The “14-day rule” could mean tax-free income. If you rent your vacatio...
08/26/2026

Renting out your Florida vacation home this year? The “14-day rule” could mean tax-free income.

If you rent your vacation home for 14 or fewer days during the year, that rental income generally doesn't have to be reported at all.

Rent it longer, and the income becomes taxable — but you can deduct a share of expenses and depreciation based on how much it's rented versus used personally.

The rules get tricky fast (personal-use days, expense allocation, whether you can claim a loss). Before you list it, let's make sure you're on the right side of the line.

(954) 752-9995 — free consultation

Coral Springs, Parkland & all of South Florida

Want to offer retirement benefits without the cost and paperwork of a big 401(k)? You have options.For small business ow...
08/25/2026

Want to offer retirement benefits without the cost and paperwork of a big 401(k)? You have options.

For small business owners, a SEP or SIMPLE plan can be a straightforward way to help your team save — and cut your own tax bill:

• SEP-IRA: contribute up to 25% of compensation (max $72,000 per employee in 2026), fully deductible for you — with minimal recordkeeping and no annual IRS reports.
• SIMPLE IRA / 401(k): built for businesses with 100 or fewer employees, with employee deferrals up to $17,000 in 2026 (plus catch-up contributions for those 50+).

The right plan depends on your size, cash flow, and goals. We'll help you pick the one that fits.

Nothing means more to us than hearing this from the people we work with. 🙏Our clients don't just hand us their taxes onc...
07/31/2026

Nothing means more to us than hearing this from the people we work with. 🙏

Our clients don't just hand us their taxes once a year — they trust us with the financial health of businesses they've spent years building. We don't take that lightly.

Thank you to the South Florida business owners and families who've made Blum & Blum part of their team. If you're looking for a CPA who'll actually explain your finances and have your back year-round, we'd love to meet you.

📞 (954) 752-9995 — free consultation
📍 Coral Springs, Parkland & all of South Florida

The rules for deducting employee meals just changed — and it could affect your 2026 numbers.If your business provides fr...
07/24/2026

The rules for deducting employee meals just changed — and it could affect your 2026 numbers.

If your business provides free on-site meals or snacks for employees, here's what's new: starting in 2026, employers generally can no longer deduct meals treated as de minimis fringe benefits, or employer-provided meals furnished for the employer's convenience on premises. For 2025, those were often 50–100% deductible.

Translation: a write-off you may have counted on is shrinking. If free meals are part of how you take care of your team, it's worth planning for the change now rather than discovering it at tax time.

This is part of a wave of changes from the 2025 tax law (the “One Big Beautiful Bill Act”). We're breaking them down in plain English, one at a time.

(954) 752-9995 — let's talk through how it affects your business.

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5511 North University Drive, Ste 101
Coral Springs, FL
33067

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Wednesday 9am - 7pm
Thursday 9am - 6pm
Friday 9am - 6pm

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