Passelli Accounting Services, LLC

06/17/2026

A lot of business owner's focus on minimizing tax liabilities. It is important to note though, for valuations and lending/funding purposes, that may not always be the best option.

When business owners want to get lending in their businesses name or even their personal name (if business is a flow through entity), they run into funding issues, as taxable income is minimized due to depreciation, other accelerated deductions, and tax strategies.

Tax professionals and accountants need to help the business understand the options and weigh if it makes sense to save on tax currently to offset future funding opportunities or future valuation if preparing to sell the company in the near future.

Depreciation is normally added back into net income when calculated for loans, but still important to consider.

Sometimes showing some taxable income is not always a bad thing. Also, consider taxable income always related to better retirement savings via SEP IRA or Solo 401k.

06/16/2026

One of the biggest issues I am seeing with small business owners is in relation to newly purchased businesses. New business owners (purchasers), do not conduct proper due dilligence/make sure they are understanding the valuation correctly.

There is complete reliance on the third party valuation report.

I am also noticing, many individuals hire a CPA/Accountant AFTER the business purchase, when it is normally too late to begin to uncover any accounting issues, liquidity issues or general risks.

I would recommend all individuals looking to purchase a business, have a CPA/accountant on their team PRIOR to the purchase of the business.

06/15/2026

Traditional IRA vs ROTH IRA.

06/15/2026

https://open.substack.com/pub/fredpassellicpa/p/traditional-ira-vs-roth-ira-which?r=5ht2y0&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

Both Traditional and Roth IRAs are Individual Retirement Accounts designed by the U.S.

06/11/2026

https://fredpassellicpa.substack.com/p/floridas-no-tax-on-properties-explained

There has been lots of talk around Florida’s no tax on property proposal.

06/09/2026

Florida no tax on properties explained.

05/13/2026

https://fredpassellicpa.substack.com/p/tax-deferred-vs-tax-free-major-differences

Tax-deferred accounts (like Traditional 401(k)s and IRAs) let you contribute pre-tax dollars, reduce your taxable income today, and defer taxes until withdrawal.

05/12/2026

05/04/2026

What is Real Estate Professional Status ?

04/27/2026

Florida LLC annual reports due May 1st, this upcoming Friday