Business Details
12 Years
experience
Trusted Accounting and Tax Services in Fort Lauderdale
My Tax Guru was founded over 25 years ago by Eric Yankwitt, an Attorney and licensed professional with expertise in accounting, debt counseling, insurance, and mortgage brokering. Our firm specializes in providing comprehensive accounting, tax consulting, and financial services to individuals and businesses. We prioritize client partnerships, transparency, and legal compliance, ensuring personalized solutions tailored to each client's unique needs.Our team combines deep industry experience with a commitment to ethical practices, offering services such as bookkeeping, tax planning, payroll management, and retirement planning. With three South Florida offices, we serve local businesses and individuals, emphasizing education through workshops and mentorship programs to empower clients in financial decision-making.
Services
Bookkeeping
Tax Preparation
Financial Planning
Business Consulting
Payroll Services
Retirement Planning
Marine Accounting
Startup Guidance
Grant Assistance
Loan Processing
Details
- Year established: 2014
Highlights and features
- We offer 25+ years of experience in accounting and tax law.
- Our team holds multiple professional licenses for comprehensive service.
- Personalized approach ensures tailored financial solutions.
- Transparent processes with emphasis on legal compliance.
- Dedicated student internship program reduces client costs.
Services
Bookkeeping
Our bookkeeping services maintain accurate financial records for businesses of all sizes. We offer fixed monthly rates, hourly billing, and discounted student rates with experienced supervision. Clients receive bank reconciliations, payroll processing, and financial reporting while benefiting from cost-saving expertise through our internship program.
Tax Preparation
We specialize in individual and business tax return preparation with strategic planning for optimized deductions. Our services cover W-2/1099 processing, IRS negotiations, and compliance across corporate, partnership, and personal tax returns with proactive year-end projections.
Business Consulting
Tailored advisory services help businesses navigate tax structures, entity selection (LLC/S-Corp), and financial planning. We provide payroll management, grant applications, and loan assistance while educating clients on deductions, compliance, and operational efficiencies.
Marine Accounting
Specialized financial solutions for yacht owners include tax planning, payroll management, and budgeting for charter operations. Our expertise covers lease/purchase analysis, safety compliance, and maintenance cost tracking specific to maritime industry requirements.
Retirement Planning
We design customized retirement strategies including IRA management, investment planning, and tax-efficient distribution strategies. Our approach ensures compliance with regulatory standards while focusing on long-term financial security for individuals and business owners.
People
Eric Yankwitt
Owner/Attorney
Eric Yankwitt, founder of My Tax Guru, has 25+ years experience in accounting and tax law. A licensed attorney and multi-certified professional, he specializes in business consulting, tax planning, and financial education through community mentorship programs.
Questions
What tax benefits exist for S-corporation owners?
S-corps avoid corporate taxes through pass-through taxation. Owners save on self-employment taxes by separating salary from profit distributions while maintaining liability protection.
How do I write off vehicle expenses?
Business use of vehicles allows deductions for mileage or actual expenses. Proper documentation separates personal and business use, with special considerations for corporate ownership versus personal use reimbursements.
Can I deduct home office expenses?
Home offices qualify for deductions based on square footage percentage. However, depreciation recapture upon sale often makes this strategy unfavorable unless renting the home.
How are corporate taxes paid?
Federal payroll taxes (941) are paid monthly by the 15th. Personal tax estimates (1040) are due quarterly on 4/15, 6/15, 9/15, and 1/15 with electronic payment options available through IRS systems.
What financial records should I keep?
Maintain all income documentation, expense receipts, bank statements, and transaction records. Proper record-keeping prevents audit issues and supports accurate financial reporting throughout the year.
How does student bookkeeping reduce costs?
Students input data under supervision at reduced rates, passing savings to clients. This partnership with educational institutions provides internships while decreasing bookkeeping fees by up to 50%.
