James R McDermott CPA, PLLC is a full-service accounting firm serving clients throughout the area, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs. On this website, you will find information about James R McDermott CPA, PLLC, including our list of services.
We have also provided you with online resources to assist in the tax process and financial decision-making. These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites. Whether you are an individual or business in or around Southern Pines, James R McDermott CPA, PLLC has years of valuable experience assisting professionals with their accounting needs.
We have also provided you with online resources to assist in the tax process and financial decision-making. These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites. Whether you are an individual or business in or around Southern Pines, James R McDermott CPA, PLLC has years of valuable experience assisting professionals with their accounting needs.
Services
The Firm was established in 2000 by James R. "Rick" McDermott. Rick graduated from The University of North Carolina at Chapel Hill in 1974 and became a CPA in the State of North Carolina in 1976. He worked for John C Muse & Company from 1974 through 1981. He continued his career as Senior Manager with Deloitte & Touche from 1981 through 1991 and was promoted to Partner in 1991 with the firm Dixon Odom, PLLC.
James R McDermott CPA, PLLC provides a wide range of services to individuals and businesses in a variety of industries. At the Firm 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.
At James R McDermott CPA, PLLC, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws.
At James R McDermott CPA, PLLC, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws.
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. Individuals must pay the third installment of 2021 estimated taxes, if not paying income tax through withholding (Form 1040-ES). Calendar-year corporations need to pay the third installment of 2021 estimated income taxes.
Reviews (3)
Jesse Ring
Nov 23, 2018
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Ashley Anderson
Aug 24, 2018
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I would never recommend this company to anyone. I had them file 2 forms and received a $695 bill with no prior explanation of possible costs. Didn't hear from them for months until I finally asked if forms had been filed and then a random ridiculous bill shows up with no cost break down just a random amount they felt like charging and a paragraph of random services I never requested.
Elizabeth Currie
Jun 16, 2018
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