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 (305) 872-3096

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 (305) 872-3096
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782 NW 42nd Avenue, Suite 534 Miami, FL 33126
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We handle accounting, tax filing, and planning with defined timelines and accurate reporting for businesses and individuals across all states.

Tax and Financial Insights
‍by NR CPAs & Business Advisors

Explore practical articles that explain tax strategies, financial considerations, and important topics that may affect your business decisions.
Does my vehicle qualify for Section 179 deduction featured graphic with NR CPAs branding, GVWR weight classes and 2026 vehicle caps
Author:
Nischay Rawal
Published:
10/25/26
Read Time:
12 min

Does My Vehicle Qualify for Section 179 Deduction

Yes, a vehicle qualifies for Section 179 when it is bought, used over 50% for business, and placed in service. Weight sets the cap: $20,300 or $32,000.

Balance sheet vs P&L featured graphic with NR CPAs branding, assets liabilities equity snapshot and net income over a period
Author:
Nischay Rawal
Published:
10/25/26
Read Time:
11 min

Balance Sheet vs Profit and Loss Statement and How They Differ

A balance sheet shows what a business owns and owes on one date, while a P&L shows profit over a period. Net income links the two reports through equity.

Is self-employment tax deductible featured graphic with NR CPAs branding, Schedule 1 line 15 and the half self-employment tax deduction
Author:
Nischay Rawal
Published:
10/25/26
Read Time:
10 min

Is Self-Employment Tax Deductible and How Much Can You Deduct

Yes, half of self-employment tax is deductible on Schedule 1, line 15, with no itemizing. See the 92.35% math, 2026 wage base and income tax savings examples.

Funeral expenses on an estate return featured graphic with NR CPAs branding, Form 1041, Form 706 Schedule J and estate tax exemption
Author:
Nischay Rawal
Published:
10/25/26
Read Time:
10 min

Are Funeral Expenses Tax Deductible on an Estate Return

No, funeral expenses are not deductible on Form 1041. They go on Schedule J of Form 706 under Section 2053 when the estate tops the $15 million 2026 exemption.

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