Welcome to Suplee & Shea

Suplee & Shea, P.A. is a well established certified public accounting firm which has been serving Sarasota and surrounding areas for over 50 years. John J. Shea Sr., founded the firm in 1958 and provided a solid foundation for future growth.

Today, Suplee & Shea, P.A. is using its 50 years of local experience to provide comprehensive tax, auditing and accounting services with personal attention that larger firms are often not able to offer. The direct involvement of our partners with clients provides the communication that is neccessary for our clients to compete in the constantly changing business environment.

This 2008 Tax Planning Guide contains many tax-lowering strategies. Click the link or the small graphic to learn more.

Tax Tip

For Individuals:

MAXIMIZE EXEMPTIONS

If you support an elderly parent or other relative, you can claim an exemption for that family member if you provide more than 50% of his or her support, and that person’s gross income for the year (not including tax-free Social Security benefits, insurance proceeds, inheritances, or gifts) doesn’t exceed the personal exemption amount. Monitor the support you are providing near the end of the year if you believe you’ll be eligible for an exemption.

For Businesses:

GO GREEN AND SAVE

Make your commercial building more energy efficient. In 2007, businesses can make a special election to expense the costs of making such improvements to commercial buildings.The deduction is limited to $1.80 per square foot. Several requirements apply.