From Pompano Beach to our door
Boynton Beach, FL 33435
The marine economy on a tax return
Pompano's working waterfront around the Hillsboro Inlet generates returns most preparers rarely see: charter operators with mixed personal and business boat use, yacht brokers paid on 1099 commissions, and boatyard trades running Schedule C operations with heavy equipment costs. Section 179 expensing and bonus depreciation do real work here when the business-use records support them, and Florida's own rules on boat purchases, including the sales tax cap on vessels, change the buying math.
Twenty minutes south, everything included
Full practice.
- Personal income tax preparation (federal + state)
- S-corp, partnership, and corporate returns
- Bookkeeping, payroll, and QuickBooks support
- IRS and state audit representation
- Business formation and Florida compliance
Beachside units and the rental ledger
Pompano's rebuilt beachfront has pulled in condo investors, and the tax setup depends on the rental model. Annual leases are Schedule E filings with depreciation. Short stays add Florida sales tax and Broward tourist development tax registration. Post-renovation, the improvement costs get capitalized and depreciated, which is exactly the paperwork owners tend to skip and later regret.
How Pompano clients actually work with us
Almost everything runs remotely: portal for documents, phone for the review, e-signature to file. The in-office option exists for the years that warrant it, a business sale, an audit, a first-time entity setup, and it's a straight twenty-minute run up Federal Highway or I-95.
Common questions
- Do you handle marine-industry clients?
- Yes. Pompano's marine-industry clientele includes yacht brokers, charter operators, and marine trades. We handle the specific tax and sales tax mechanics.
- Can I write off my boat?
- Only the business-use portion, and only with records that prove it: charter logs, income by trip, and a defensible split between business and personal use. With that in place, depreciation and operating costs are legitimate deductions.
- Is my charter income subject to sales tax?
- It depends on the kind of charter and how it's structured; Florida treats different on-the-water activities differently. We confirm the correct treatment for your operation and set up any registration it needs.
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