Brock Delaney, CPA

06/01/2026

https://www.delaneycpa.net/post/what-is-the-easiest-way-for-self-employed-individuals-to-save-on-taxes

Greetings! I'm Brock Delaney, CPA, and I'm back to give you a refresher on an important topic. I have not written in the blog in a while, but not much has changed recently when it comes to saving on income taxes for self-employed individuals. The answer to the question, "What is the easiest way for....

07/05/2024

https://www.delaneycpa.net/post/florida-sales-tax-should-your-business-be-collecting-it-from-customers

The topic of sales tax in Florida is a common issue brought to me by clients. The short answer to this question is that you need to refer to the Florida Department of Revenue here:https://floridarevenue.com/Forms_library/current/brochure/gt300015.pdf but before you do that, this blog post will hope...

02/02/2024

https://www.delaneycpa.net/post/new-beneficial-ownership-information-reporting-boir-who-is-required-to-report

Business owners are already plagued with a multitude of filings required by local, state, and federal governments. Unfortunately Congress dropped another headache on top of business owners when they passed the Corporate Transparency Act in 2021 which now requires all business ownership interest to b...

07/21/2023

https://www.delaneycpa.net/post/choosing-your-construction-company-accounting-method

As a Certified Public Accountant (CPA) specializing in construction company accounting, I often encounter questions from clients about the complex tax regulations they must adhere to. One of the critical areas that demand attention is choosing the right accounting method, as it directly impacts the....

06/26/2023

https://www.delaneycpa.net/post/why-using-a-licensed-cpa-to-prepare-your-individual-tax-return-is-a-good-idea

As the tax season approaches, many individuals find themselves grappling with the complexities of the ever-changing tax laws and regulations. Filing taxes can be a daunting task, and navigating the intricate web of forms, deductions, and credits can leave even the most financially savvy individuals....

05/31/2023

What do you know about the Employee Retention Tax Credit?

During the COVID-19 pandemic, the Federal Government passed legislation allowing qualified employers to claim a credit based on wages paid to employees in any quarter during 2020 and the first three quarters of 2021.

How much is the credit?

It depends on the quarter for which you want to claim the credit. For 2020 you can claim up to $5,000 per employee depending on their wages for the quarter. For 2021, your business might be entitled to receive a credit of $7,000 per employee per quarter.

Who qualifies to receive the credits?

There are two ways to qualify for the 2020 (and 2021) credit:

Full or partial suspension of operations due to government order due to COVID-19 during any quarter, or

Significant 50% decline is gross receipts (20% for 2021) in any quarter when compared to the same corresponding quarter in 2019.

For the first three quarters in 2021 the Federal Government was more generous to businesses. They made it easier to qualify based on the gross receipts test, but that's not all! They increased the credit from $5,000 per employee per year to $7,000 per employee per quarter. That means you could receive a credit of $21,000 per employee for 2021.

How do you claim the credit?

Please call or text 386-251-3950 for a free consultation to see if you qualify.

05/31/2023

I'm happy to announce Delaney CPA is now accepting clients! Please visit my website www.delaneycpa.net to read more about the various services available including full-service accounting, tax preparation, tax planning, IRS representation, payroll, and tax credits.

I have discovered that CPA firms have trouble keeping up with the client demand in a timely manner.  My goal is to provide my clients with the attention and value they deserve. I believe we can accomplish that goal by building long-lasting relationships based on trust, integrity, and open communica...