While filing a tax return with IRS or submitting financial statements to a bank may be necessary activities in your financial life, I offer you much more than document preparation; I offer assistance with all your tax, financial, and business matters. Assistance that will improve your total financial well being.
You will find me qualified, affordable, and available to assist you in. Solving your business problems, whether you're just launching a business or well under way in business. Building your personal wealth through sound financial planning. Keeping your taxes as low as the law allows, and many other important matters.
You will find me qualified, affordable, and available to assist you in. Solving your business problems, whether you're just launching a business or well under way in business. Building your personal wealth through sound financial planning. Keeping your taxes as low as the law allows, and many other important matters.
Services
For years, Patricia Barnes CPA & Associates has been providing quality, personalized financial guidance to local individuals and businesses. Our expertise ranges from basic tax preparation and accounting services to more in-depth services such as tax audits. Patricia Barnes CPA & Associates is one of the leading firms in and throughout the area.
Have you just started a new business? Did you know expenses incurred before a business begins operations are not allowed as current deductions? Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins. However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
Following are some generally recognized financial planning tools that may help you reduce your tax bill. Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
It's possible there could be additional extensions, so check with your tax advisor for the latest information. Trusts and estates need to file an income tax return for the 2020 calendar year (Form 1041) and pay any tax, interest and penalties due, if an automatic five-and-a-half month extension was filed.
These calculators have been provided as a resource for you to help plan your financial matters. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice, or supplement the advice of a professional advisor.
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