Coral Gables CPA: year-round planning for established professionals.
Coral Gables combines old-Miami professional services with growing tech and creative firms. We handle the full picture — entity returns, rental properties, investment accounts — so your April filing is a confirmation, not a calculation.
Top industries in Coral Gables
Who we work with in Coral Gables.
Coral Gables's economic base shapes the tax profiles we see most often. Each of these industries carries distinct filing requirements and planning opportunities.
Law, Medicine & Architecture
Established professional practices in Coral Gables generate partnership and S-corp income that benefits from year-round comp analysis, retirement-contribution planning, and accurate quarterly estimated-tax payments.
Private Schools & Education Services
Coral Gables hosts several private schools and tutoring centers. Owner-operators face payroll, sales-tax, and nonprofit-adjacent questions that require careful entity classification.
Residential Real Estate & Wealth Management
High-value Coral Gables properties — including historic Mediterranean-style estates — generate sale, rental, and inheritance events that intersect with IRC §1014 stepped-up basis, §121 exclusion, and 1031 planning.
Tax considerations in Coral Gables
What's different about Coral Gables — from a tax standpoint.
Primary Residence Sale and the §121 Exclusion
Coral Gables home values have appreciated substantially over the past decade. The §121 exclusion covers up to $250,000 ($500,000 MFJ) of gain on a primary residence held and used two of the last five years. Clients who have lived in their home longer than 10 years, or who rented it before sale, face partial exclusion calculations we handle correctly at filing.
Inherited Property and Stepped-Up Basis
Coral Gables estate transfers frequently involve high-value real estate or investment accounts. IRC §1014 steps up the cost basis to fair market value at date of death, eliminating embedded capital gain accumulated during the decedent's lifetime. We coordinate with estate attorneys to document the stepped-up basis before the asset is sold.
Retirement Plan Contributions for Professional Practice Owners
A physician or attorney operating through an S-corp or partnership in Coral Gables can contribute to a SEP-IRA (up to 25% of compensation, max $69,000 for 2024) or a solo 401(k) with both employee and employer contributions. We calculate the maximum defensible contribution before December 31 each year.
Florida Documentary Stamp Tax on Real Estate Transactions
Florida imposes documentary stamp taxes on real estate transfers at $0.70 per $100 of consideration (Miami-Dade applies $0.60 + $0.45 surtax). Coral Gables property transactions — including transfers into LLCs or trusts — can trigger this tax in ways that first-time transferors miss. We flag this before the closing.
Working with Coral Gables clients
How we file and plan for Coral Gables.
Precision Tax Partners works with Coral Gables clients virtually — document portal, e-signature, and video calls for planning sessions. The engagement covers both the entity return and the personal 1040 under a single quarterly fee. For Coral Gables clients working in Law, Medicine & Architecture, we start with a structured intake that identifies the income sources, entity structure, and filing obligations before we open the return.
Year-round work is the default, not an upsell. Quarterly estimated-tax calculations keep Coral Gables clients from underpaying and facing IRS penalties. S-corp reasonable-comp analysis is documented before December 31, not estimated at filing. Retirement-plan contributions are calculated with time to act on them. A Florida-licensed CPA signs every return that leaves our office.
Pricing is published at /pricing — three tiers, quarterly billing, no hidden fees. Most Coral Gables clients with an entity return start at Growth ($449/quarter). If you want to discuss your specific situation first, Cassandra de la Fe returns messages inside two business days.
Frequently asked questions
Coral Gables tax questions — answered.
Other Miami neighborhoods we serve
We cover all of Miami-Dade.
Ready to work with a Coral Gables CPA?
See pricing. Talk to Cassandra. Decide.
Three quarterly tiers on the pricing page. Cassandra returns messages inside two business days. A licensed CPA on every return.