Yulia Langolf, CPA, MSA

Yulia Langolf, CPA, MSA Langolf CPA, PA is a full-service tax and accounting company with a CPA licensed in Florida. We are affordable, experienced, and friendly.

We offer a broad range of services for business owners, executives, and independent professionals.

Are you taking full advantage of the Child Tax Credit (CTC) this year? 💸 Make sure you’re in the know about this valuabl...
07/01/2024

Are you taking full advantage of the Child Tax Credit (CTC) this year?

💸 Make sure you’re in the know about this valuable benefit for families with children under 17. Here’s a breakdown to help you navigate the ins and outs of the CTC:

🔍 What is the Child Tax Credit?
The CTC is a game-changer when it comes to reducing your tax bill. Plus, with the possibility of getting a refund through the Additional Child Tax Credit (ACTC), it’s a win-win situation for many families!

👨‍👩‍👧‍👦 Who Can Claim the Child Tax Credit?
To qualify for the CTC, make sure you meet the criteria:
- Your child is under 17 at the end of the tax year.
- The child is a close relative or dependent.
- The child lived with you for more than half the year.
- You provided more than half of the child’s financial support.
- The child is a U.S. citizen, national, or resident alien with a valid SSN.
- Keep in mind the income thresholds for phasing out the credit.

Find out more in the carousel ➡️

Empower yourself with knowledge, secure your benefits, and make 2024 a year of financial prosperity!

📌 Follow and pay LESS TAXES LEGALLY!

Unlock Tax Savings with Deductible Travel Expenses! 💸 Venturing on business trips? Maximize your tax benefits by unders...
05/27/2024

Unlock Tax Savings with Deductible Travel Expenses!

💸 Venturing on business trips?
Maximize your tax benefits by understanding what qualifies as deductible travel expenses!

Here’s a sneak peek into the rules you need to know ➡️

📌 Follow and pay LESS TAXES LEGALLY!

If you’re eyeing an electric vehicle (EV) or plug-in hybrid (PHEV) in 2024, you’re probably aware of the $7,500 federal ...
05/24/2024

If you’re eyeing an electric vehicle (EV) or plug-in hybrid (PHEV) in 2024, you’re probably aware of the $7,500 federal tax credit. Changes effective from January 1, 2023, brought new rules for eligibility and battery sourcing, aiming to reduce reliance on foreign components. The evolving battery requirements mean the list of qualifying vehicles will shift as automakers adapt.

📌 NEW-CAR PURCHASE PERKS
In a positive move for 2024, new-car buyers can now apply the tax credit at purchase, reducing upfront costs. The credit for used EVs also continues, with a similar option to claim it at purchase. Leasing remains an alternative for higher-income buyers and vehicles not qualifying for the purchase credit.

📌 ELIGIBILITY FOR 2024
The tightened rules beginning January 1, 2023 reduced the number of eligible new EVs and PHEVs, but more vehicles may qualify as automakers adjust battery sourcing. Some vehicles from Ford, Nissan, GM, and Tesla may be eligible depending on battery specifics. Verification requires checking the vehicle identification number (VIN) with the Department of Energy.

📌 KEY CHANGES AND REQUIREMENTS
The 2022 law split the tax credit into $3,750 for battery production and $3,750 for material sourcing. Vehicles must be assembled in North America, with a minimum battery size of 7 kWh and price caps of $55,000 for cars and $80,000 for SUVs.

Read more in the carousel ➡️

💌 Today, in celebration of reaching 1 000 followers, I’m giving away a free consultation worth $350! Head over to my sto...
05/22/2024

💌 Today, in celebration of reaching 1 000 followers, I’m giving away a free consultation worth $350!

Head over to my stories, read the details, and join the giveaway now!

📌 Follow and pay LESS TAXES LEGALLY!
05/21/2024

📌 Follow and pay LESS TAXES LEGALLY!

While United States citizenship offers many benefits, there are some downsides to consider as well:1. Tax obligations: A...
05/15/2024

While United States citizenship offers many benefits, there are some downsides to consider as well:

1. Tax obligations: As a U.S. citizen, you are required to report your worldwide income to the Internal Revenue Service (IRS), regardless of where you live. This can lead to complex tax filings and potential double taxation if the U.S. doesn’t have a tax treaty with your country of residence.

2. Renunciation difficulties: Renouncing U.S. citizenship can be a complex and costly process, and it may have implications for your ability to travel to the U.S. in the future or for any potential inheritance from U.S. citizens.

3. Selective Service registration: Male U.S. citizens are required to register with the Selective Service System within 30 days of their 18th birthday in case a military draft is reinstated.

It’s important to weigh these downsides against the benefits of U.S. citizenship and consider your individual circumstances before pursuing citizenship in the United States.

📌 Follow and pay LESS TAXES LEGALLY!

As tax season approaches, many of you are gathering documents and possibly pondering whether the costs associated with p...
05/13/2024

As tax season approaches, many of you are gathering documents and possibly pondering whether the costs associated with preparing your taxes can be mitigated through deductions. Today, I want to clarify the deductibility of tax preparation fees and help you plan accordingly

Go through the carousel ➡️

📌 Follow and pay LESS TAXES LEGALLY!

Choosing the right state to register your business in is a pivotal decision that can have long-term financial and legal ...
05/09/2024

Choosing the right state to register your business in is a pivotal decision that can have long-term financial and legal implications.

As a CPA, I often guide my clients through this complex decision-making process, helping them understand the unique benefits and potential drawbacks of different states.

📍 TOP STATES FOR BUSINESS REGISTRATION

DELAWARE:A top choice for many corporations. If a business has no presence in the state, there is no income tax return requirement for this corporation.

NEVADA: Known for its lack of state corporate income tax, franchise tax, and personal income tax, Nevada is attractive for business owners looking for privacy.

WYOMING: With benefits including no corporate or personal state income taxes and low business costs, Wyoming is becoming increasingly popular for small business owners.

TEXAS: Texas offers a large economic market with no state income tax.

FLORIDA: Florida does not have a personal state income tax and does not require Partnerships or S Corps to file a state tax return. Registering a flow-through entity in Florida is a tax-wise decision. However, C Corps are subject to corporate income tax in the state.

YOUR HOME STATE: Often, registering your business in the state where you primarily operate simplifies processes and reduces costs related to foreign qualifications and compliance.

📌 Follow and pay LESS TAXES LEGALLY!

Address

800 SE 4th Avenue, Suite 605
Hallandale Beach, FL
33009

Opening Hours

Monday 10am - 6pm
Tuesday 10am - 5pm
Wednesday 10am - 5pm
Thursday 10am - 5pm
Friday 10am - 5pm

Telephone

+19545470005

Website

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