Shah & Associates CPAs PA

Shah & Associates CPAs PA Tax Planning Firm Serving US Businesses with $1M+ in Annual Sales. We are your one stop shop for all accounting and tax needs.

Book a free no obligation call to find out how much we can save you annually: https://bit.ly/free-45-min-discovery-call Shah & Associates CPAs PA specializes in tax planning and tax preparation for small businesses and individuals. We’ve been particularly successful with businesses that are frustrated with overpaying the taxes due to lack of proper tax planning, disappointed with no new tax strategies and unhappy with the level of service they are getting from their existing CPA firm.

It’s the fourth quarter, small business owners. That means, just like in a football game, you have limited time to make ...
10/05/2026

It’s the fourth quarter, small business owners. That means, just like in a football game, you have limited time to make winning moves — in this case, to lower your taxes for 2026. Many year-end strategies require time to evaluate, implement and document properly. Waiting until the last minute may leave you with little choice but to punt and hope for the best. The sooner you begin planning, the more options you may have in your tax-saving playbook. Call us at (407) 781 9806 to huddle up and discuss a game plan tailored to your business.

Cryptocurrency holders: Be alert for a new IRS impersonation scam. Fraudsters are mailing fake IRS letters directing rec...
10/02/2026

Cryptocurrency holders: Be alert for a new IRS impersonation scam. Fraudsters are mailing fake IRS letters directing recipients to a bogus “Digital Asset Compliance Portal.” The letters instruct recipients to scan a QR code that leads to a fraudulent website designed to look like IRS.gov. The site may ask for personal information, cryptocurrency wallet details, or exchange account credentials that criminals can use to steal identities or digital assets. If you receive one of these letters, don’t respond. Report any suspicious communication to the IRS immediately. If you have questions about an IRS notice or digital asset reporting, we’re here to help. Contact us at (407) 781 9806.

Are you paying yourself and family members who work in your business reasonable compensation? The IRS requires compensat...
09/30/2026

Are you paying yourself and family members who work in your business reasonable compensation? The IRS requires compensation (including salaries, bonuses and perks) to reflect services performed and be comparable to compensation for similar roles in similar organizations. This is especially important for owner-employees and related parties. Payments to relatives may be deductible, but only if they represent reasonable wages for bona fide services and are well documented. Excess compensation may be reclassified as nondeductible distributions of income, while underpaying may raise payroll tax issues. Regularly reviewing compensation practices can help reduce audit risk. Call us at (407) 781 9806 for guidance.

If you’re age 50 or older, a great way to enhance your retirement nest egg is to make “catch-up” contributions to your 4...
09/29/2026

If you’re age 50 or older, a great way to enhance your retirement nest egg is to make “catch-up” contributions to your 401(k), 403(b), 457 plan, SIMPLE or IRA. And workers age 60 to 63 can potentially boost their 401(k) or other employer-sponsored retirement plan up to 150% of the regular catch-up limit. For 2026, this means an extra contribution of $11,250 ($5,250 for SIMPLEs). Want to make the most of tax-advantaged savings opportunities? Contact us at (407) 781 9806.

Effective job costing can help business owners make smarter pricing and budgeting decisions. By tracking the direct labo...
09/28/2026

Effective job costing can help business owners make smarter pricing and budgeting decisions. By tracking the direct labor, materials and overhead tied to specific jobs or projects, you gain a clearer picture of profitability and operational efficiency. Without accurate data, it’s easy to underprice work, overlook cost overruns or misjudge your most profitable services. We can help you set up practical costing methods that improve financial insight and support better decision-making. Call us at (407) 781 9806 for more information.

Wondering how Sec. 530A accounts (also known as Trump Accounts) may be invested? The IRS has issued proposed regulations...
09/25/2026

Wondering how Sec. 530A accounts (also known as Trump Accounts) may be invested? The IRS has issued proposed regulations clarifying the investment options allowed during the “growth period.” This period begins when the beneficiary’s initial account is established and ends on Dec. 31 of the year the child turns 17. During this time, eligible investments generally include mutual funds or exchange-traded funds that track an equity index of mainly U.S. companies, don’t use leverage, and have annual fees and expenses of no more than 0.1% of the fund’s balance. The proposed regulations would apply to tax years starting on or after Jan. 1, 2026. Call us at (407) 781 9806 with questions.

There are several benefits to having an estate plan. It can protect your wealth while giving you peace of mind that your...
09/23/2026

There are several benefits to having an estate plan. It can protect your wealth while giving you peace of mind that your assets will be distributed according to your intentions. In addition, it can save taxes, minimize legal complications and family disputes, and reduce expenses for your heirs. Do you have young children? An estate plan is a must so you can name guardians for them in the event of your untimely death. If you’re ready to begin your estate planning journey, or if you’d like us to review your current plan, contact us at (407) 781 9806.

Taking care of your taxes early can make financial planning much easier. Call (407) 781-9806 to learn how we can help yo...
09/23/2026

Taking care of your taxes early can make financial planning much easier. Call (407) 781-9806 to learn how we can help you prepare and make the most of available tax opportunities.

Selling investments at a loss generally reduces taxes, but the wash sale rule can get in the way. If you buy the same or...
09/22/2026

Selling investments at a loss generally reduces taxes, but the wash sale rule can get in the way. If you buy the same or a “substantially identical” investment within 30 days before or after the sale, the loss may be disallowed. Fortunately, there are ways to avoid triggering the wash sale rule and still achieve your goals. Contact us at (407) 781 9806 to discuss balancing tax considerations with investment objectives.

Address

Lake Mary, FL

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 5pm

Telephone

+1 407-781-9806

Website

Alerts

Be the first to know and let us send you an email when Shah & Associates CPAs PA posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Shah & Associates CPAs PA:

Shortcuts

Share

Category