Annual Report Filing Deadline – May 1st


A quick reminder to all of our clients that are incorporated within the State of Florida:  Annual reports must be filed with the Florida Department of Revenue by May 1st, 2016.   All Florida corporations are responsible for filing their annual report.  All late reports will be assessed a $400 late filing charge, if not received by the May 1st deadline.

Your reports can be filed directly through The Florida Department of Revenue website: – Annual Report Filing

We also offer our clients the convenience of filing their annual reports every year.   Contact Heather at our office if you need help filing your 2016 Annual Report. / 904.829.0082 Ext. 2

Final Legislation for 2015 Tax Year

Last week Congress passed the final legislation that will affect 2015 tax season.

Highlights include:

  • Continued 10% energy credit for all qualified non-business property.
  • Child tax credit is permanently set to $3,000.
  • Section 179 expending limit for businesses has once again been increased to $500,000.

See full article:  Journal of Accountancy 2015 Updates

Wish you and yours a very Happy and Prosperous New Year!

The W. H. O’Connell & Associates Team

QuickBooks 2016

Quickbooks-Logo-2014-new-300x76It’s that time of year, Intuit has released QuickBooks 2016!

If your small business is thinking of upgrading your current version of QuickBooks Pro here is a quick look at new features offered by year.

QuickBooks Pro 2016 Comparison

We also found a tour highlighting the new features offered in QuickBooks Premier, most of which are also included in Pro.   Some highlights include:  E-Invoicing to help customers pay invoices to your business directly via credit card or bank transfer.   Also noted is the new ‘Bill Tracker’ feature that allows you to view all your bills in one place, so there’s no need to run reports to fully capture your Accounts Payable – it’s now all in one place.

Check it out for yourself:  QuickBooks Premier 2016 Tour

Whether your business is considering utilizing QuickBooks for the first time or if you are thinking of upgrading, we recommend taking the time to allow our Business Services Team set up your company files to get your business off to the right start and ensure you are purchasing the optimal software package.

Stay updated with us,

The W. H. O’Connell & Associates Team



October 13th Accounting Update

Decal It’s a busy week for our Accountants and staff:  The the final deadline to file individual (Form 1040) returns is this Thursday, October 15th.  Everyone who filed a 6 month extension must submit their 2014 federal income tax returns by midnight Thursday.

We do not always recommend waiting the full six months, but it is sometimes appropriate for clients who need the extra time to get the funds they need to pay their annual tax bill or are missing different tax forms and would rather extend versus amend.

Also, on another note, we are very excited that our all new signage has been completed for our office’s exterior face-lift.  Thanks to our friends, Jennifer and Tom Reed of Avid Design Group, we look better than ever!  Make sure to check them out next time you are passing by or visiting our office.   Jennifer and Tom have been a tremendous help with our re-branding campaign and developing our first website.  Their passion for design and marketing make them a great team.  We would recommend them to any of our clients that have Graphic Design, Marketing and Web Development needs.

Check out their portfolio for yourself!

Avid Design Group Home Page

Stay updated with us,

The W. H. O’Connell & Associates Team

St. Augustine Youth Services Golf Tournament

henryHenry O’Connell out with crew, Mike Siragusa, Les Gallagher and Super Dave Siefker,  proudly participating in St. Augustine Youth Services (SAYS) annual golf tournament fundraiser.

Funds raised today help SAYS to continue offering services to children of abuse and neglect by providing in a safe, therapeutic environment to learn, live, heal and grow into the outstanding kids they are!

Our team is proud to support such a great cause.  Check out the St. Augustine Youth Services Website for more information and ways to help youths in our community that are in need.

St. Augustine Youth Services Website

Stay updated with your tax and accounting professionals,

The W. H. O’Connell & Associates Team