Shelton, Mead & Shelton, PLLC is a full-service accounting firm serving clients throughout the Arlington, TX area. For years, Shelton, Mead & Shelton, PLLC has been providing quality, personalized financial guidance to local individuals and businesses. Our calculators have been provided as a resource for you to help plan your financial matters. Stay current with recent tax changes, news, and financial tips. We provide a newsletter monthly here on our site and via email so you can stay in touch with changing regulation.
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Our roots go back to 1980 when Daniel Mead began his career in public accounting. That same year, Kate Shelton opened her own CPA firm in downtown Arlington. Mikel Shelton began working for Kate (his mother) nights and weekends while working in the corporate world as an internal auditor. In 2004 Mikel acquired Kate's firm and in 2007 merged with Daniel Mead to create Shelton, Mead & Shelton.
Shelton, Mead & Shelton, PLLC provides a wide range of services to individuals and businesses in a variety of industries. At Shelton, Mead & Shelton, PLLC, 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.
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 (4)
Misty Ponder
Aug 06, 2021
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I had the experience to work with Greg this year on my taxes for my business. He was so nice to deal with! He always responded to any questions I had very quickly. I would recommend him to anyone I know. I will be using him again as well. It was a breath of fresh air knowing he would take care of everything and let me know what is going on at all times.
Kurt Jordan
Mar 23, 2021
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Jj Gates Inc
Dec 15, 2020
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Janet McClain
May 10, 2017
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I have had my taxes done for years and last year Mikel Shelton did them and I was extremely pleased. I am a very small business owner and felt he knew all the questions to ask in order to get me every legal deduction I was entitled to receive. I learned quite a bit from him to know what to do going forward and he helped me come up with a plan to avoid any costly "surprises" the following year. I HIGHLY recommend him for your tax needs. I am confident you will be glad you had Mikel's help!!
