Butala, Simmons, Camilleri & Baranski, PC is an established multi-specialty accounting and consulting firm which supports a broad range of accounting, taxation and consulting services. The Firm has the breadth and depth of expertise to represent clients in sophisticated business transactions and their tax ramifications.
Our advisors are accessible, responsive and sensitive to the needs of our clients. Emphasis is placed on close client relationships, minimizing taxes, and resolving problems. Butala, Simmons, Camilleri & Baranski, PC represents a diverse client base which includes manufacturing, real estate, construction, recreation, non-profit, professional and personal service concerns.
Our advisors are accessible, responsive and sensitive to the needs of our clients. Emphasis is placed on close client relationships, minimizing taxes, and resolving problems. Butala, Simmons, Camilleri & Baranski, PC represents a diverse client base which includes manufacturing, real estate, construction, recreation, non-profit, professional and personal service concerns.
Services
For years, Butala, Simmons, Camilleri & Baranski, PC has been providing quality, personalized financial guidance to individuals and businesses. Our expertise ranges from basic accounting and tax preparation services to more in-depth services such as audited, reviewed or compiled financial statements, federal, state or local representation and consulting on succession planning, business acquisitions or dispositions, financing alternatives.
Butala, Simmons, Camilleri & Baranski, PC provides a wide range of services to individuals and businesses in a variety of industries. At Butala, Simmons, Camilleri & Baranski, PC, 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.
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Anthony Christopher
Feb 18, 2021
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