IRS has mailed out information to families who may be eligible to receive advance payments of the Child Tax Credit (CTC) starting this summer. You can also find this information on the IRS website. You will claim the other half when you file your 2021 income tax return. These changes apply to tax year 2021 only.
Please keep record of these payments for our office to use on your 2021 Tax Return. IRS will use information you provided in the prior year tax return to determine if you qualify and AUTOMATICALLY enroll you for advance payments. You do not need to take any additional action to get advance payments.
Please keep record of these payments for our office to use on your 2021 Tax Return. IRS will use information you provided in the prior year tax return to determine if you qualify and AUTOMATICALLY enroll you for advance payments. You do not need to take any additional action to get advance payments.
Services
The vision this firm embraces is to provide a service that goes beyond preparation of a tax return or a financial statement. As a business owner you need a CPA that can assist in the planning and decision making process, help predict the effect of business transactions and how they will affect cash flow, including your tax liabilities.
Helen V. Wiley, CPA provides a wide range of services to individuals and businesses in a variety of industries. Here at our 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 Helen V. Wiley, CPA, 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 Helen V. Wiley, CPA, 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.
We look forward to hearing from you. Helen V. Wiley, CPA is one of the leading firms in and throughout Burnet, TX. By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve. Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year.
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.
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