About Us

Since 1974 Camputaro & Associates, PA has been providing financial guidance to local individuals, businesses and not-for-profit organizations. Our emphasis on high quality work and performance has allowed us to grow by obtaining new clients through our reputation and keeping existing clients by being responsive to their requests. 


We are members of the American Institute of Certified Public Accountants (AICPA), the Florida Institute of Certified Public Accountants (FICPA) and the Daytona Regional Chamber of Commerce. Our staff is actively involved in the community through various local and charitable organizations and events.

We take part in the peer review process sponsored by the AICPA and the FICPA.This stringent peer review process ensures the quality of our audits, reviews and compilations. In a peer review, an outside CPA firm qualified by the AICPA randomly chooses and thoroughly reviews audits, reviews and compilations that Camputaro & Associates has performed. We have received unqualified opinions on all of our peer reviews. 
 

News & Announcements

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Apr 01, 2021

Finding Relief for Your Business with the CARES Act's NOL Laws

The CARES Act enacted in 2020 to provide COVID relief to Americans included many provisions to offer financial relief to business owners struggling to make ends meet amid widespread shutdowns. With businesses still reeling from the losses of last year, some are still looking for some form of relief. If you extended your business tax return (as many businesses did this year due to complicated returns involving PPP loans), and your business experienced a net operating loss this year, the CARES Act has some extra tax provisions that may help you.


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Mar 01, 2021

How Is Your Legal Settlement Income Taxed?

If you’re pursuing compensation in a lawsuit, or you received a settlement sometime last year, you may be surprised to learn that any settlement amount you receive in a lawsuit is taxable income. Unfortunately, very few people pursuing legal compensation for injury or other suffering look into tax planning during their legal proceedings, and they end up blindsided by a large tax bill when they file their return for the previous year. If you’re filing a return that includes income from a legal settlement, or you’re wondering how a current legal case might impact your taxes next tax season, here are a few things you need to know


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Feb 01, 2021

What You Need to Know about the Second Round of PPP

Congress finally approved a second round of COVID-19 relief for both businesses and individuals earlier this year. According to a poll conducted by Alignable, 85% of American business owners reported that they need financial assistance to remain afloat through the remainder of the COVID-19 crisis. This additional relief is coming in the form of a second round of Paycheck Protection Program (PPP) Loans, as well as some other grants and loans. For this article, we’ll discuss what you need to know about the PPP expansion and how to get another round of support for your business.


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Jan 01, 2021

Benefits of Filing Your Taxes Early

The New Year is here, and that means tax season is here as well. Of course, you may not be thinking too much about your taxes just yet—after all, it’s only the beginning of January. But as your tax forms begin to come in, it’s important that you not put off filing your tax return. While you may be tempted to put off filing your taxes, there are many important reasons to do it as soon as you have all of your documents ready. Keep reading to learn what they are.


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Dec 01, 2020

Can You Deduct Expenses If You Took a PPP Loan?

For many businesses financially impacted by the COVID-19 pandemic and subsequent shutdowns, the government-funded PPP loans distributed earlier this year were an enormous relief. By meeting certain payroll and employee-retention requirements, businesses could stay afloat despite the severe downturn in the US economy and ultimately receive full forgiveness for the funds received (so long as requirements were met). But these loans have presented a difficult dilemma for many business owners: the inability to deduct business expenses on their upcoming tax returns. Here’s what you need to know about deducting expenses if you took a PPP loan this year.


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Nov 01, 2020

How to Determine Your Legal Domicile and How It Affects Your Taxes

The majority of Americans have a single residence, so determining their legal domicile isn’t really something they have to think about; your state of residence is where you live, and that’s all there is to it. But for those who have two or more homes located in different states, determining your legal residence can be a bit more complicated—and your state of residence can significantly impact your taxes too. Here’s what you need to know about determining your legal domicile and how that determination will affect your taxes.


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Contact us

Camputaro and Associates
Certified Public Accounting Firm
136 N. Orchard Street, Suite 8
Ormond Beach, FL 32174
(386) 255-2511