McDonald & Simmons, P.C. believes in the value of relationships. We view every client relationship like a partnership, and truly believe that our success is a result of your success. We believe professional service should be considered a contribution to the success of your business and not merely a cost of compliance.
Combined, our partners and associates have over 130 years of experience. We are committed to providing close, personal attention to our clients and take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience and financial acumen.
Combined, our partners and associates have over 130 years of experience. We are committed to providing close, personal attention to our clients and take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience and financial acumen.
Services
McDonald & Simmons, P.C. provides a wide range of services to individuals and businesses in a variety of industries. At McDonald & Simmons, P.C., 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.
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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