Jim is a graduate of Eastern Michigan University and has been in public accounting for over forty years. Jim is a member of both the American Institute of Certified Public Accountants as well as the Michigan Association of CPAs. During his career, Jim has provided a variety of services to his clients including auditing, accounting, and tax services.
He has also assisted clients in negotiating and obtaining bank financing, construction bonding, and prepared MDOT prequalification packages for clients in the construction industry. Jim currently serves on the Board of Trustees of Alpena Community College Foundation.
He has also assisted clients in negotiating and obtaining bank financing, construction bonding, and prepared MDOT prequalification packages for clients in the construction industry. Jim currently serves on the Board of Trustees of Alpena Community College Foundation.
Services
Boldrey, Senchuk, Rouleau & Williams CPAs PC provides a wide range of services to individuals and businesses in a variety of industries. 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. In today's world, tax laws are complex and even a seemingly simple return can be confusing or challenging.
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.
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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Brian Lafave
Oct 19, 2020
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