The Associates of Carroll & Johnston, CPAs, LLC are committed to your success. As we strive to learn your business, we work with you to create the best opportunity for you to be successful. It is our goal to improve your tax and capital position as well as your business structure, benefit packages, acquisition potential and much much more.
Put our professional, dedicated and qualified staff to work for you. John S. Carroll holds a Bachelor of Science Degree in Accounting from Louisiana College and a Masters of Business Administration from the University of Chicago. John's work experience began with small CPA firm during his undergraduate college years.
Put our professional, dedicated and qualified staff to work for you. John S. Carroll holds a Bachelor of Science Degree in Accounting from Louisiana College and a Masters of Business Administration from the University of Chicago. John's work experience began with small CPA firm during his undergraduate college years.
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Whether you are new to our site, or returning for a visit, we hope to provide you with timely and valuable information. As your business partner, we understand your need to save time and will work with you to find effective solutions for your business needs. We strive to build and maintain long-lasting business relationships, and this website is an extension of our commitment to you.
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. Trusts and estates need to file an income tax return for the 2020 calendar year (Form 1041) and pay any tax, interest and penalties due, if an automatic five-and-a-half month extension was filed.
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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