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First American Financial Services

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(727) 712-2214Call Visit WebsiteVisit Website Map & DirectionsDirections2430 Estancia BlvdClearwater, FL 33761 Write a ReviewWrite Review

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First American Financial Services

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First American Financial Svc

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http://fafsinc.com

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Financial Planners, Financial Planning Consultants, Financial Services, Investment Advisory Service, Retirement Planning Services

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Phone: (727) 712-2214

Address: 2430 Estancia Blvd, Clearwater, FL 33761

Website: http://fafsinc.com

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First American Financial Services

Tax Planning
Estate Taxes
Tax Services
We are a family owned and operated accounting and tax firm located in Palm Harbor, FL. We provide a full range of accounting and tax services including corporate, partnership, and individual tax returns, financial statements, full and after-the-fact payroll, sales tax, and payroll tax processing. We pride ourselves on providing personal attention and treating our clients as family.
Tax Deductions
Income Tax
The Qualified Business Income deduction (also called the QBI deduction, pass-through deduction, or section 199A deduction) was created by the 2017 Tax Cuts and Jobs Act (TCJA) and is in effect for tax years 2018 through 2025. With the QBI deduction, most self-employed taxpayers and small business owners can exclude up to 20% of their qualified business income from federal income tax (but not self-employment tax) whether they itemize or not. The deduction amount depends on the taxpayer's total taxable income, which includes wages, interest, capital gains (etc.) in addition to income generated by the business. Once the taxable income reaches or exceeds $157,500 ($315,000 if filing jointly), the type of business also comes into play. At incomes below that level, the deduction is 20% of either taxable income (minus capital gains and dividends) or the QBI, whichever is less. At higher income levels, the deduction is reduced or eliminated, depending on the nature of the business.
Capital Gains Taxes

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Auto Body Shops Auto Glass Repair Auto Parts Auto Repair Car Detailing Oil Change Roadside Assistance Tire Shops Towing Window Tinting

beauty

Barber Shops Beauty Salons Beauty Supplies Days Spas Facial Salons Hair Removal Hair Supplies Hair Stylists Massage Nail Salons

home services

Ac Repair Appliance Repair Carpet Cleaning Electricians Garage Door Repair Moving Companies Pest Control Services Plumbers Self Storage

insurance

Boat Insurance Business Insurance Car Insurance Dental Insurance Disability Insurance Flood Insurance Home Insurance Insurance Liability Insurance Life Insurance

legal services

Attorneys Bail Bonds Bankruptcy Attorneys Car Accident Lawyer Divorce Attorneys Family Law Attorneys Lie Detector Tests Private Investigators Process Servers Stenographers Tax Attorneys

medical services

Dentists Dermatologists Doctors Endocrinologists Gynecologists Hospitals Neurologists Ophthalmologists Optometrists Physical Therapy Podiatrists

pet services

Animal Shelters Dog Training Doggy Daycares Emergency Vets Kennels Mobile Pet Grooming Pet Boarding Pet Cemeteries Pet Grooming Veterinary Clinics

restaurants

Breakfast Restaurants Chinese Restaurants Cuban Restaurants Italian Restaurants Korean Restaurants Mexican Restaurants Seafood Restaurants Sushi Bars Thai Restaurants Vegetarian Restaurants Pizza Parlors Fast Food Restaurants Steak Houses Family Style Restaurants Barbecue Restaurants Take Out Restaurants

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