Bolinger, Segars, Gilbert & Moss

Bolinger, Segars, Gilbert & Moss, L.L.P. provides a wide range of services to individuals and businesses in a variety of industries. At Bolinger, Segars, Gilbert & Moss, L.L.P., we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.

BSGM has identified multiple industries in which we provide accounting and other services. From audits and reviews to tax preparation, BSGM has been involved with multiple projects in agriculture industries such as cotton gins, fuel and supply companies, trade associations, and many other organizations.

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. Employers need to report income tax withholding and FICA taxes for third quarter 2021 (Form 941) and pay any tax due. Employers need to report income tax withholding and FICA taxes for third quarter 2021 (Form 941), if you deposited on time and in full all of the associated taxes due.