Steve A. Claus, PC is a boutique law firm serving clients primarily in Lubbock, Texas and surrounding West Texas communities, but with clients also located throughout Texas, as well as in several other states. We are dedicated to providing our clients with professional, personalized services and guidance to assist them with their legal, financial, tax, estate, and business needs.
On this website, you will find information about Steve A. Claus, PC, including our list of services. We have also provided you with online resources to assist in tax, estate, and financial decision-making. These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites.
On this website, you will find information about Steve A. Claus, PC, including our list of services. We have also provided you with online resources to assist in tax, estate, and financial decision-making. These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites.
Services
For nearly two decades, Steve A. Claus, PC has been providing quality, personalized financial, tax, estate, and business guidance to individuals and businesses ranging from basic tax compliance and accounting services to more in-depth services such as estate planning and business structuring. Steve A. Claus, PC is one of the leading boutique firms in and around Lubbock in the tax, estate planning, business planning and probate areas.
At Steve A. Claus, PC, as a boutique law firm, we strive to meet each client's specific needs in planning for the future and in achieving their goals in an ever-changing financial and regulatory environment, concentrating in the following select areas.
At Steve A. Claus, PC, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize their liabilities, maximize their cash flow and keep them on track to reach their financial goals.
At Steve A. Claus, PC, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize their liabilities, maximize their cash flow and keep them on track to reach their financial goals.
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.
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Drew Hugentobler
Nov 18, 2020
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