ABOUT US
Meet The Team And Frequently Asked Questions
Meet The Team
At BluePoint Financial, we believe financial services should be personal, precise, and built on trust. Located in Destin, Florida, our firm provides tax preparation, planning, and financial advisory services for both individuals and businesses across the Emerald Coast. We are committed to helping our clients keep more of what they earn and feel confident about their financial future.
BluePoint Financial was founded by Luke Smith, CPA, whose career and life experiences reflect a deep commitment to both professional excellence and community values. Originally from Brewton, Alabama, Luke moved to the Emerald Coast in 2005 and quickly put down roots. He earned his accounting degree from Auburn University and went on to complete his MBA at Troy University, equipping him with the technical expertise and strategic insight needed to navigate the complexities of modern finance. Over the years, Luke has built more than a decade of experience as a Certified Public Accountant, recognized for his ability to simplify financial challenges and guide clients toward smarter decisions. Luke and his team hold themselves to the highest standards of accuracy and integrity in every engagement.
His professional path has always been shaped by a strong sense of community. Beyond his professional work, Luke’s greatest joy is his family. He and his wife, Haydyn, enjoy raising their two boys, Olson and Milton, along the Emerald Coast, where you can often find them at the beach, on the golf course, or cheering for Auburn sports.
At BluePoint Financial, you are more than just a client—you are a partner. With a foundation of knowledge, integrity, and community commitment, we are here to provide financial clarity, dependable service, and a trusted relationship for years to come.
We are a locally owned accounting firm, specializing in tax preparation and tax advisory for businesses and individuals.
The information contained within this website is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax, or financial advice from a professional accountant Presentation of the information via the Internet is not intended to create, and receipt does not constitute, an accountant-client relationship. Internet subscribers, users and online readers are advised not to act upon this information without seeking the service of a professional accountant. Any U.S. federal tax advice contained in this website is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law
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Frequently Asked Questions
To help answer some of your most frequently asked questions, we have listed ten questions and answers below for your convenience. Please review them and please feel free contact us if you need more information or have further questions.
Pass-through businesses are not subject to corporate income tax but rather the taxes are passed directly to the owner(s) on their individual income tax. C-Corporations are subject to double taxation while pass-through entities are not. These pass-through entities include sole-proprietorships, partnerships and S-Corporations.
It depends on your vehicle and the total operating costs that you incur. If you have a fuel-efficient vehicle, then the standard mileage deduction may be more beneficial in your situation. However, if your vehicle has high operating costs and is not so fuel-efficient, then it may be more beneficial to take actual expenses.
An estate plan is essentially a comprehensive checklist to care for your assets and provide for your loved ones after your demise. This process is executed by evaluating your goals and planning for the future of your finances to ensure the security of your estate.
We are open 9 am to 5 pm, Monday through Friday, and located at:
543 Harbor Boulevard, Suite 502, Destin, Florida 32541
The more information that a client can provide the better, however, it is preferred if the following could be provided: identification information, copy of most recent tax return and any applicable tax information.
Independent Contractors are responsible for calculating and paying the employee and employer portion of their own payroll taxes. Whereas, W-2 employees have payroll taxes automatically deducted from their pay and submitted to the government through their employer. Employers who misclassify their employees can face hefty fines and penalties due to these tax implications involved. Additionally, independent contractors are not covered for an employer’s liability insurance.
The following link to the IRS website should be referenced if you are unsure as to whether the individual in question should be classified as an independent contractor or employee, https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee
We offer a variety of services including personal and business accounting and tax services, as well as, estate and financial planning.
For more information, please reference our services tab at the top of the page.
While there are many reasons to consider outsourcing your accounting, the following are a select few that benefit a lot of clients:
i. Cut down on labor costs – Outsourcing the accounting function saves you money by paying for the service rather than incurring payroll costs to a full-time or part-time employee
ii. Outgrowing bookkeeping – As business grows, time is more valuable focusing on other business functions rather than overseeing day-to-day bookkeeping. Additionally, when an owner can no longer participate in every aspect of their business, it is the point when a business will need more than just bookkeeping but rather management accounting
iii. Minimize Tax Liability – By outsourcing the accounting function, you have a full team of highly skill professionals reviewing your financial information. As such, helping tax planning for your business by making proactive, timely recommendations to decrease your liability
Absolutely, hiring an accountant will lead you in the right direction by using financial knowledge to advise your business plan, explain the legal business structures available and help you choose the best option for your business situation, and assist with the finances and metrics.
It is recommended to retain original documents for at least seven years. These documents include but are not limited to: tax returns, payroll tax records, current employee files, job applicant information, ownership records, accounting services records and operational records.
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HAPPY CUSTOMERS
Testimonials
Brianna
“I was at a complete loss on what to do with my business taxes. Bluepoint financial was amazing and I couldn’t be happier with their help. They completed my return quickly and accurately.”
Steven
“A previous accountant left us with a tax bill in excess of $20,000. I wish I would have found Bluepoint Financial earlier. They saved us double what our previous accountant did.”
Amanda
“They are so knowledgeable about ways to save money. They knew deductions I didn’t even know existed! They’re my go to CPA firm for me and all my friends accounting and tax needs.”