Thomas & Thomas CPAs, PLLC is a full-service accounting firm serving clients throughout the Ark-La-Tex 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 Thomas & Thomas CPAs, PLLC, including our list of services and online resources to assist in the tax and financial decision-making process.
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 the Ark-La-Tex area, Thomas & Thomas CPAs, PLLC has over sixty years of valuable experience in providing professional services to the business community.
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 the Ark-La-Tex area, Thomas & Thomas CPAs, PLLC has over sixty years of valuable experience in providing professional services to the business community.
Services
For over sixty years, Thomas & Thomas CPAs, PLLC has been providing quality, personalized financial guidance to local individuals and businesses. Our expertise ranges from basic tax management and accounting services to more in-depth services such as audits, financial statements, and financial planning.
Thomas & Thomas CPAs, PLLC provides a wide range of services to individuals and businesses in a variety of industries in Texarkana, TX, and the surrounding areas. At Thomas & Thomas CPAs, 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 (2)
Bob Lutz
Sep 23, 2021
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There are very few audit groups that I've worked with that are as responsive and customer service orientated as Thomas & Thomas. For a client company, we were undergoing our first audit in SW Arkansas and T&T spent many hours sharing their experience and knowledge to help us decide on complicated accounting positions. They were patient with our novice staff and spent time outside the engagement helping to educate everyone on better processes. I've worked with most of the top 10 groups on various engagements and Thomas & Thomas was by far my best audit experience.
Santillan Studios
Nov 15, 2020
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