Frank Gutta & Co. CPA's PA

Frank Gutta & Co. CPA's PA No annoying tax professional lingo. Just straight, authoritative and friendly expert advice. Visit us: www.frankguttacpa.com Or give us a call: (954) 629-7242

At Frank Gutta & Co CPA’s PA, a Fort Lauderdale CPA firm, we are committed to helping our clients meet their financial goals. Our offerings include Money saving Tax Planning, CFO services for Small Business, Safe Retirement planning solutions, remove tax prep and accounting services or QuickBooks services. Our team delivers highly personalized accounting services and financial consulting. We’ve been serving clients for over 30 years. Our Fort Lauderdale accountants have been the choice for a number of small businesses and individuals year after year because our clients know they can bank on our knowledge and expertise. We are devoted to accuracy, timely financial advice and saving you and your business money. Ask us about our suite of CPA service offerings that include tax planning, bookkeeping including Quickbooks, retirement planning as well as several other accounting and financial services. No annoying advisory and financial lingo.

There is something about September that naturally signals a fresh start. As summer winds down and routines fall back int...
09/25/2026

There is something about September that naturally signals a fresh start. As summer winds down and routines fall back into place, it’s the perfect time to reset, refocus, and recommit to feeling our best.

And for many of us, that includes getting back into an exercise routine. But this is where people tend to fall into two very different camps: morning or afternoon workouts.

🌅 Vote morning workout
🌙 Vote evening workout

Both have loyal fans and get the job done, but we want to know which one works best for you.

Drop your vote in the comments and let us know what team you’re on. We are excited to see which side wins this month!

Payroll errors can affect employee trust, tax compliance, and your bottom line.From worker classification to overtime ru...
09/24/2026

Payroll errors can affect employee trust, tax compliance, and your bottom line.

From worker classification to overtime rules to recordkeeping, a few small issues can turn into bigger payroll problems if they are overlooked. Swipe through for common payroll risks to watch for and practical ways to stay ahead of them.

If you need help reviewing payroll processes, maintaining records, or cleaning up recurring issues, our team is here to help. Give us a call anytime.

Do you fully understand the differences between a tax credit and a tax deduction? If not, don’t feel bad. Many Americans...
09/23/2026

Do you fully understand the differences between a tax credit and a tax deduction? If not, don’t feel bad. Many Americans are in the same boat, according to a Tax Foundation survey.

The poll found that nearly two out of three respondents did not know whether a $1,000 deduction or a $1,000 credit was more beneficial. So today, we wanted to answer that question and offer some additional context on each term.

🔹What Tax Deductions Are - Deductions can reduce an individual’s taxable income, indirectly decreasing the amount of taxes owed or increasing the refund amount (if applicable). Most people take the standard deduction, which offers a blanket reduction of taxable income based on filing status.

🔹What Tax Credits Are - Credits can reduce the amount an individual owes the government, with the credit(s) subtracted from the individual’s tax bill. Compared to deductions, credits often have more impact, including in the scenario outlined above.

We hope you found this overview helpful. And as always, know that if you have any general tax questions or need personal accounting guidance, we’re here to help. Give us a call today and we can connect.

Strong financial knowledge can be a powerful asset for any business owner. Whether you're monitoring performance, planni...
09/22/2026

Strong financial knowledge can be a powerful asset for any business owner. Whether you're monitoring performance, planning for the future, or making strategic decisions, understanding key financial concepts can help you navigate your business with greater confidence.

To help, we're sharing several business accounting terms that are worth knowing.

⚪Working Capital: The difference between current assets and current liabilities.
⚪Cost of Goods Sold (COGS): Cost of goods sold includes the direct costs associated with producing or delivering products and services.
⚪Profit Margin: Profit margin measures the profit remaining from each dollar of revenue after expenses are paid.
⚪Break-Even Point: The break-even point is the level of sales required to cover all of a business’s expenses.
⚪Budget: A budget is a financial plan that shows income and costs to help business owners manage their finances.
⚪Depreciation: Depreciation represents the decrease in value of an asset due to age and regular wear and tear from use.

Of course, learning the basics is only one piece of the puzzle. Working with experienced tax professionals can provide the guidance and expertise needed to support your business goals.

Need assistance with business taxes or accounting matters? Our team is always available as a resource and would be happy to help.

This month, we are sharing a story that is a powerful reminder of what people can accomplish when they come together wit...
09/21/2026

This month, we are sharing a story that is a powerful reminder of what people can accomplish when they come together with a shared purpose.

Inside the Charlotte Convention Center in North Carolina, 6,500 volunteers worked around the clock to build over 10,000 beds in just 24 hours for children who did not have one of their own. Lowe's employees rolled up their sleeves alongside thousands of others to support the charity Sleep in Heavenly Peace, an organization dedicated to ensuring no child sleeps on the floor.

The effort was extraordinary in scale. Two hundred miles of raw lumber were transformed into 10,027 finished beds. Work was divided across 16 lines, with hundreds of people moving in sync through cutting, sanding, assembling, and finishing. When the tools finally went quiet, thousands of beds were stacked and ready for delivery to families across 36 states through 110 Sleep in Heavenly Peace chapters.

As one medical director of sleep medicine noted, without consistent, high-quality sleep, children can fall behind in ways that affect both their health and their learning. What these volunteers gave was more than just a bed. It was a foundation for something better. This story is a beautiful reminder that when people show up for one another, even the biggest goals become possible.

Read the full story here: https://www.goodnewsnetwork.org/6500-volunteers-build-10k-beds-in-24-hours-in-north-carolina/

As a business owner, financial information is one of the most valuable tools available to you. From managing day-to-day ...
09/18/2026

As a business owner, financial information is one of the most valuable tools available to you. From managing day-to-day operations to evaluating long-term opportunities, understanding the numbers behind a business can lead to better decisions and stronger financial outcomes.

So, with that in mind, our team wanted to share a few key business accounting terms for you to be aware of.

🔵Revenue: Total income generated from selling products or services before expenses are deducted.
🔵Gross Profit: Gross profit equals revenue minus the direct costs required to provide your product or service.
🔵Net Income: The amount remaining after all business expenses are deducted from revenue.
🔵Cash Flow: The total amount of money moving into and out of a business.
🔵Accounts Receivable: Accounts receivable represent money owed to your business by customers.
🔵Accounts Payable: Accounts payable represent money a business owes to vendors and suppliers.

While understanding some of these key business accounting terms can be crucial, it cannot replace the knowledge and expertise of professional business tax preparers, like our team.

That said, if you need assistance with business tax matters, please do not hesitate to reach out to our team. We are here to be a resource for you.

Bookkeeping terms can sometimes make financial reports feel more complicated than they need to be. That’s why our team w...
09/17/2026

Bookkeeping terms can sometimes make financial reports feel more complicated than they need to be. That’s why our team wants to break down a couple of key terms to help you feel more confident in navigating your financial reports and books. Swipe through for a quick guide to six common terms.

We hope you found this guide helpful! As always, if you have bookkeeping questions or need some extra support, please don’t hesitate to reach out to our team. We are here to help.

Most business owners would prefer to avoid extra attention from the IRS. While no one can guarantee that a return will n...
09/16/2026

Most business owners would prefer to avoid extra attention from the IRS. While no one can guarantee that a return will never be selected for review, there are practical steps you can take to reduce audit risk. Swipe through for the first set of habits we recommend keeping year-round.

If your business is ever contacted by the IRS, don’t panic. The most important thing is to respond carefully, gather the requested records, and get guidance before sending information back.

That said, if you’ve received an IRS notice or would like to talk through anything we mentioned in this post, please give our team a call. We are happy to help you review your records, answer questions, and make sure you feel prepared.

You don’t just have tax questions during tax season. That’s why we wanted to break down a few of the most common tax que...
09/15/2026

You don’t just have tax questions during tax season. That’s why we wanted to break down a few of the most common tax questions we hear to help you navigate any questions that may come up for you throughout the year. Swipe through for answers.

Have questions about your own tax situation? Give our office a call today. We are here to help.

With summer behind us and routines back in full swing, fall brings a natural time to reflect on progress made and refocu...
09/14/2026

With summer behind us and routines back in full swing, fall brings a natural time to reflect on progress made and refocus on the progress ahead.

However, progress doesn’t always look the way we expect it to. Sometimes it’s fast and visible. Other times, it’s quiet and barely noticeable.

What matters most is that we keep moving, even when the pace feels slower than we would like. We don’t have to have it all figured out. We just have to keep going.

What is one area of your life where you are making steady progress right now? Share it in the comments. We would love to cheer you on.

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1920 N Commerce Pkwy, Suite 3
Plantation, FL
33326

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

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