Phillip S. Sroka, CPA, is a principal in the Tax and Accounting Department at MBAF.
Phillip is the principal-in-charge of non-attest services for the firm’s small business and entrepreneurial clients and is the co-head of the Tax and Accounting department’s Fort Lauderdale office. He is also a member of the firm-wide leadership team for the Tax and Accounting Department.
A highly experienced practitioner, well-versed in all aspects of accounting, tax compliance and tax planning, and business advisory services, Phillip has worked with closely-held businesses and entrepreneurs since 1979. Phillip provides valuable knowledge, experience and expertise to small business owners in a broad variety of industries with particular focus in manufacturing, real estate, retail and professional service industries.
Small business owners and high net worth individuals seek his advice because he has more than three decades of experience in listening, understanding and helping to meet their accounting, business and tax related needs. Services include: financial statement preparation; tax planning and consulting; accounting assistance; business start-up consulting; budgeting and forecasting; payroll and sales taxes; employee benefits consulting, entity structure advice and general business consulting.
If you run a service business, such as a restaurant, hair salon, hotel, etc., it is very important that you understand your reporting requirements for the tips and service charges earned by your employees. Section 61 of the Internal Revenue Code defi ...Explore
Recently, with overwhelming bi-partisan support, President Trump signed sweeping tax relief measures into law for victims of Hurricanes Harvey, Irma and Maria. On September 29, President Trump signed H.R. 3823, the “Disaster Tax Relief and Airp ...Explore
It can be very scary — you go to retrieve your mail, and among the usual bills and junk, there is a plain white envelope with the return address: Treasury Department – Internal Revenue Service. The first thing the IRS advises anyone to do if ...Explore
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Two recent trends are converging to increase banks’ risk management obligations. One is heightened scrutiny by banking regulators of their Bank Secrecy Act and Anti-Money Laundering (BSA/AML) compliance efforts. The other is customers’ increasing ...Explore
An unexpected outcome of the recent death of designer Karl Lagerfeld is that the topic of estate planning for pets has been highlighted. Lagerfeld’s beloved cat, Choupette, played a major role in his brand. The feline was the subject of a coffee ta ...Explore
The IRS has issued a press release reminding seniors that – in most cases – April 1, 2019 is the date that taxpayers who turned 70 1/2 during 2018, must begin making required minimum distributions (RMDs) from their individual retirement a ...Explore