Tampa CPA Services
Property owners need records that explain what was rented, the occupancy period, the expenses paid, and the cash retained. KAS helps Tampa clients coordinate rental accounting with business and individual returns, including questions about old commercial rent tax periods and current local obligations. Services are provided virtually.
Updated
Tax and Accounting for Tampa Rental Property Owners
Apply the commercial rent repeal to the correct period
Florida repealed sales tax on commercial real-property rent for occupancy periods beginning on or after October 1, 2025. Earlier periods still require review, even if payment arrived later. The repeal does not erase outstanding tax, penalties, or interest, and other taxable activities may keep an account open. We reconcile leases, billing periods, and previously reported amounts before correcting the books. Florida commercial rental tax repeal guidance.
Keep Tampa business taxes on the calendar
Tampa’s guidance says business taxes remain due for residential and commercial rental properties even though its rental certificate requirement was repealed. Review the property’s actual jurisdiction, ownership, and business tax account. Keep city records separate from Florida revenue accounts and any Hillsborough County requirements so one renewal is not mistaken for all required filings. Tampa rental property business tax guidance.
Make each property’s performance visible
We organize rent, vacancies, deposits, repairs, improvements, interest, and owner contributions by property. That detail helps explain whether a property supports its debt and planned work. A large bank balance may include tenant deposits or borrowed money, while an accounting loss may include noncash deductions; neither number alone answers how much an owner can safely withdraw.
How we scope the work
We start with the decision or filing you need to complete, the entities and people involved, and the deadline. After reviewing the available records, we identify missing information and propose the services and deliverables. For ongoing work, we establish a close and filing calendar so bookkeeping, tax projections, and owner reporting use consistent information.
For an audit or other assurance request, bring the lender, grant, board, or regulatory requirement. We confirm the engagement type and applicable professional requirements before accepting the work. Audit, review, and compilation engagements for Florida entities are accepted under Florida's CPA firm mobility rules.
CPA services for Tampa clients
Rental and owner returns
Reconcile property records with entity and individual income tax filings.
Property cash-flow analysis
Forecast vacancies, operating costs, financing, and planned improvements.
Planning before a property transaction
Review ownership, basis records, and projected tax before a purchase or sale.
Tampa CPA questions
Did Florida’s commercial rent tax repeal end all taxes and filings for my rental?
No. The repeal addresses the specified sales tax on commercial real-property rental periods. It does not resolve prior-period balances or replace city business taxes, property taxes, income tax reporting, or taxes on other activities. We review the property type, dates, and account history before recommending which filings should continue.
How do Tampa clients work with KAS?
We provide virtual service through secure document exchange, scheduled video meetings, and electronic signatures. The engagement defines the services, responsibilities, and deadlines; this service area does not represent a walk-in office.
Ready to Get Started in Tampa?
Schedule a complimentary consultation to discuss your Tampa tax situation and how we can help you achieve your financial goals.