TCS & Associates CPAs

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TCS & Associates CPAs We are more than just a CPA firm, we help clients maintain financial viability in the present, while taking a proactive approach to achieve future goals.

We help business owners develop a strong understanding of their business, which allows them to make educated decisions, to help achieve their desired level of success.

10/25/2026

The Hunting, Fishing, and Camping Sales Tax Holiday is happening now through December 31. Qualifying outdoor gear is tax-free in stores and when purchased online for shipment to a Florida address. For more information, visit floridarevenue.com/HuntFishCamp.

If you’re responsible for collecting, accounting for or remitting federal taxes withheld from employee paychecks, beware...
10/23/2026

If you’re responsible for collecting, accounting for or remitting federal taxes withheld from employee paychecks, beware of the trust fund recovery penalty (TFRP). As a responsible individual, you may be personally liable for a 100% penalty on income and employment taxes your business either fails to collect or fails to remit to the IRS. Your actions must be “willful,” meaning you’ve been, or should have been, aware of the responsibility and either intentionally disregarded the law or were indifferent to it. According to the IRS, no “evil intent or bad motive” is required. Call us at (904) 347-2050 if you receive a letter from the IRS about the TFRP or for help with tax compliance.

Stay ahead of the latest tax news with the TCS & Associates, CPAs monthly newsletter! Click the link provided to read th...
10/22/2026

Stay ahead of the latest tax news with the TCS & Associates, CPAs monthly newsletter! Click the link provided to read this month’s newsletter for helpful tax insights, important updates for TCS clients, and key dates to keep on your calendar.

https://conta.cc/47tIYlY

Want to stay in the know all year long? Subscribe to our monthly newsletter!

Eligibility for Achieving a Better Life Experience (ABLE) accounts has expanded to individuals whose blindness or disabi...
10/21/2026

Eligibility for Achieving a Better Life Experience (ABLE) accounts has expanded to individuals whose blindness or disability began before age 46. Until this year, the blindness or disability had to have begun before age 26. As a result, many people who weren’t previously eligible can benefit from these accounts beginning in 2026. ABLE accounts offer tax-advantaged savings for qualified disability expenses. The 2026 contribution limit is generally $20,000. In some cases, 529 plan funds can be rolled over tax-free to ABLE accounts, counting toward the annual limit. Call us at (904) 347-2050 to learn more.

You may need to make quarterly estimated tax payments if you own a sole proprietorship or an interest in a pass-through ...
10/20/2026

You may need to make quarterly estimated tax payments if you own a sole proprietorship or an interest in a pass-through entity, which includes partnerships, S corporations and most limited liability companies. Changes in your business’s taxable income, deductions or overall tax situation may have altered your expected tax liability. A year-end projection can help you determine whether you’ll need to adjust your fourth-quarter estimated tax payment that’s due by January 15, 2027. Call us at (904) 347-2050 to review your situation.

Buyer beware! If you acquire a business with delinquent tax obligations, you could become liable for those debts. Your e...
10/19/2026

Buyer beware! If you acquire a business with delinquent tax obligations, you could become liable for those debts. Your exposure primarily depends on how the deal is structured. In an asset purchase, buyers can generally avoid liabilities associated with the business, but certain state laws may allow creditors or tax authorities to pursue transferred assets. When buying ownership interests, liabilities typically remain with the business entity. Due diligence should include reviewing several years of tax returns for unpaid income, payroll, sales and property taxes, uncertain tax positions, and undisclosed liabilities. Call us at (904) 347-2050 for help identifying potential risks before closing.

10/18/2026

Kids are free this November! In partnership with Visit Jacksonville, admission is free for up to 5 children (under 12) per paid adult all month long during Kids Free November 💙

10/17/2026

Come spend your Saturday and Sunday on the flight line at the NAS Jax Air Show 2026! ✈️🇺🇸

Timeline as of this morning due to weather:
Show start at 11:50 am
Para Commandos & Redline Teaser
Kyle Fowler
C-17 Demo Volt 16
Matt Younkin
Thunderbirds at 1:15 pm
Adam Baker
Redline
Skip Stewart
Blue Angels at 3 pm

Visit nasjaxairshow.com for more information.

Employers: The IRS recently updated its FAQs on the qualified overtime pay tax deduction for employees created in 2025. ...
10/16/2026

Employers: The IRS recently updated its FAQs on the qualified overtime pay tax deduction for employees created in 2025. The guidance provides new details on how you must identify, calculate and report qualified overtime income. For example, it clarifies that only FLSA-mandated overtime premiums qualify, notifies employers that separate reporting on Forms W-2 is required beginning in 2026, and confirms that overtime pay remains subject to federal income tax withholding. These changes may call for payroll system updates and a closer review of employee classifications and overtime practices. Call us for help preparing for the new requirements.

Today, October 15, marks the filing deadline for Individual, C-Corporation, and Trust & Estate tax returns.
10/15/2026

Today, October 15, marks the filing deadline for Individual, C-Corporation, and Trust & Estate tax returns.

Address

9700 Touchton Road , Ste 103
Jacksonville, FL
32246

Opening Hours

Monday 8:30am - 4pm
Tuesday 8:30am - 4pm
Wednesday 8:30am - 4pm
Thursday 8:30am - 4pm

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