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 necessary for our clients to compete in the constantly changing business environment.
ACCOUNTING AND AUDITING
Suplee & Shea provides services in all areas of accounting and auditing, including:
- Audit
- Reviews
- Compilations
- Monthly accounting services
Partners of the firm are assigned primary overall responsibility, including planning or supervision, following the guidelines established by the American Institute of Certified Public Accountants. Audit programs plus compilation and reviews procedures are designed to ensure that our staff makes full use of the client's in-house capabilities, while providing the basis for recommendations to management for the most efficient utilization of accounting systems and procedures including internal controls.
TAX PLANNING AND STRATEGIES
We provide a full range of federal and local tax service. Tax personnel provide highly competent professional assistance in the planning and preparation of tax returns for:
- Corporations
- Non-Profit Organizations
- S Corporations
- Partnerships
- Individuals
- Trusts and Estates
Continuing education on the changes in tax laws is required of our staff which means a close working relationship with local and regional IRS officials. Our knowledge of taxation aids clients in determining answers to important questions such as choosing a form of business, capitalization of the business and election of S status where appropriate.
MANAGEMENT ADVISORY SERVICES
Since the partners maintain a direct involvement with their clients, we able to assist in solving many management problems. We can advise on personnel recruitment, cash flow analysis, corporate business planning, business evaluations, loan proposal evaluations and computer selections as well as many other phases of your business.
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.
News & Updates
Tax Developments 2nd Quarter 2008
Jul-25-2008 | RIA
There were a number of important tax developments in the second quarter of 2008, and while the Farm Act and Military Act were the most important, many other developments.
Alla Kleis passes BEC
May-15-2008 | Marina Diner
Congratulations Alla on passing your third section of the CPA exam!
CONGRATULATIONS EMILY CAMPBELL!
Feb-29-2008 | Marina Diner
Emily Campbell passes final section of the CPA exam
Amanda Miller passes BEC
Feb-19-2008 | Marina Diner
Amanda Miller passes her second section of the Uniform CPA Examination