Candal Advisors

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Candal Advisors Candal Advisors Inc is a Business and International Tax , Bookkeeping and Trust Services Firm 🇺🇸

Did you celebrate your 73rd birthday in 2026? If you have money in an IRA, 401(k), SEP or SIMPLE plan, you generally mus...
10/19/2026

Did you celebrate your 73rd birthday in 2026? If you have money in an IRA, 401(k), SEP or SIMPLE plan, you generally must take your first required minimum distribution (RMD) by this Dec. 31 (or, potentially, by April 1 of next year). RMDs are annual withdrawals of specified amounts based on your age and the account’s value at the end of the last tax year. For more information about managing retirement income, contact us at (786) 694-3497.

Limited partner status in a business generally offers valuable benefits, including liability protection and self-employm...
10/15/2026

Limited partner status in a business generally offers valuable benefits, including liability protection and self-employment tax advantages. But it may also limit your ability to deduct partnership losses under the passive activity loss rules. Passive losses are usually deductible only against passive income unless you materially participate in the business. Limited partners face a tougher standard than general partners. Certain work, such as investor activities or tasks not customarily performed by owners, may not count toward material participation. Other limitations may also apply. Before investing in a limited partnership or claiming losses, contact us at (786) 694-3497 to discuss the tax implications.

When employees change jobs, they often leave behind balances in a previous employer’s 401(k) plan. If your plan accepts ...
10/14/2026

When employees change jobs, they often leave behind balances in a previous employer’s 401(k) plan. If your plan accepts rollovers, making it easier for eligible employees to move those balances into your plan can boost participation and engagement. Rollovers may also increase plan assets, which could help you negotiate lower plan services and fees. Meanwhile, providing departing and former employees with rollover instructions may reduce abandoned accounts and plan administration costs. Call us at (786) 694-3497 for guidance on managing your employer-sponsored retirement plan effectively.

In many businesses, the sales department tends to have a markedly higher turnover rate than other departments. If this h...
10/13/2026

In many businesses, the sales department tends to have a markedly higher turnover rate than other departments. If this has been the case at yours, don’t give up hope. There are ways to address the challenge. Begin with improvements to your hiring and onboarding processes. Welcome new salespeople warmly, provide ample training and consider appointing mentors to help them get comfortable. Of course, compensation matters as well. Carefully investigate the feasibility of retention bonuses and financial rewards for maintaining or increasing sales. Also, consider forming a sales leadership team that can contribute to strategic planning. Contact us at (786) 694-3497 for assistance.

Many 401(k) plans have “vesting schedules,” or timelines for when certain employer matching contributions become yours. ...
10/12/2026

Many 401(k) plans have “vesting schedules,” or timelines for when certain employer matching contributions become yours. So before you switch jobs, make sure you know what percentage of your retirement savings is vested. Some plans vest immediately, but others take several years to fully vest. If you leave before matching funds have vested, you may forfeit some or all of your current employer’s matches. Contact us at (786) 694-3497 for help with retirement planning as your career progresses.

Are you thinking of launching a new business as a C corporation? Beware of double taxation. First, the company will pay ...
10/08/2026

Are you thinking of launching a new business as a C corporation? Beware of double taxation. First, the company will pay tax at the entity level. Then the individual shareholders may owe additional tax when they receive dividends and other taxable distributions or sell their shares. Reducing corporate taxable income can lessen the impact. For example, the company can generally deduct reasonable salaries, bonuses and eligible fringe benefits provided to shareholder-employees. This strategy also has potential downsides. Choosing your business entity requires careful consideration. Contact us at (786) 694-3497 to compare your options and determine whether a C corporation is the right structure for your start-up.

Small business owners: As the year wraps up, review your receivables for credit sales that have become wholly or partial...
10/07/2026

Small business owners: As the year wraps up, review your receivables for credit sales that have become wholly or partially worthless. If you use the accrual method of accounting, you may be eligible to deduct amounts that were included in income but later became uncollectible. You may also claim deductions for uncollectible business loans and certain guarantees, as well as for debts attributable to an insolvent partner. To qualify, you must take reasonable steps to collect the debt and show it’s unlikely to be paid. Contact us at (786) 694-3497 to review your potential bad debts for 2026.

For businesses to stay operational and attain profitability, liquidity is key. The good news is that working capital man...
10/06/2026

For businesses to stay operational and attain profitability, liquidity is key. The good news is that working capital management is a tried-and-true way to tackle this challenge. Working capital is a metric (current assets minus current liabilities) that measures liquidity. Regularly calculating it can help you and your leadership team determine, among other things, whether you have enough current assets to cover current obligations. The amount of working capital your company needs is known as its working capital requirement. To optimize your working capital requirement, focus primarily on three key areas: 1) accounts receivable, 2) accounts payable and 3) inventory. Call us at (786) 694-3497 for help.

According to the Federal Reserve, only 54% of U.S. households have saved money in a dedicated retirement plan. Unfortuna...
10/05/2026

According to the Federal Reserve, only 54% of U.S. households have saved money in a dedicated retirement plan. Unfortunately, most people can’t enjoy a secure retirement with Social Security benefits alone. If other priorities have prevented you from investing, contact us at {Phone%}. We can review your income, budget and goals and assist with establishing a retirement savings plan that can help you catch up!

Does your business hold intangible assets? Intangibles are nonphysical, long-term resources that can add significant val...
10/01/2026

Does your business hold intangible assets? Intangibles are nonphysical, long-term resources that can add significant value to a business. Examples include copyrights, licenses and customer lists. The tax implications can be complex. IRS regulations require the capitalization of costs to 1) acquire or create intangibles; 2) create or enhance a separate, distinct intangible; 3) create or enhance a future benefit identified in IRS guidance as capitalizable; or 4) facilitate the acquisition or creation of intangibles. Capitalized costs can’t be fully deducted in the year paid or incurred. They generally must be ratably deducted over the asset’s life. Questions? We’re here to help. Call us at (786) 694-3497.

Address

1250 E Hallandale Beach Boulevard Suite 508
Hallandale Beach, FL
33009

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(786) 800-0136

Website

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