He also provides full service bookkeeping services, Sales and Use Tax filings and Audit Defense with Federal(IRS) and State Tax Authorities.
Tax Tip of the Week
Here are three changes to tax law that took place in tax year 2019:
1. Alimony payments from divorce or separation agreements made or changed after December 31, 2018 will not be deductible.
2. The penalty if you don't have health insurance (and didn't receive an exemption) has been eliminated. However, you still have to reconcile for premium tax credits if you received advance premium tax payments.
3. The threshold for deducting qualifying medical and dental expenses has risen from 7.5% of your adjusted gross income (AGI) to 10%, making it harder to deduct those expenses. So, if your AGI is $60,000, you could only deduct those qualifying expenses that exceed $6,000. Less? You're out of luck.
For more information on the above,you may contact me at firstname.lastname@example.org.
You may hear it said that anyone can follow a form, and do the math required to file a tax return. What is really important is the expertise to discern what numbers are appropriate, to decide what forms are most beneficial, to interpret the instructions to know if, when, and how they apply, and to arrange your tax affairs to optimize tax savings.
If you're not careful how you do your tax planning or invest, you can turn over many thousands of dollars to the IRS over your lifetime...willingly.
As a seasoned professional with over 20 years of tax preparation and planning experience, I am confident that I am experienced and trained to discern, recognize, and optimize key tax-efficient planning opportunities. I go above mere number organizing to make certain only the right numbers get crunched, and ensure the right issues are addressed. Corporate, partnership, sales and use, estate, trust, payroll - I am experienced and qualified to help you with all these and other core tax planning and preparation needs.
Choosing The Right Accountant
Choosing the right accountant can be the most important decision an individual or small business can make. In the end, a good accountant is not just a bean counter with green shades but a valuable financial advisor. They can help you maximize your revenues and minimize expenses by uncovering key success factors in your business. Read More About Choosing The Right Accountant>>Accounting Services Offered