Tax & Accounting Specialists Inc is a full-service tax preparation and accounting firm serving clients from our Colorado Springs, Colorado office, 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 Tax & Accounting Specialists Inc, including our list of services.
We have also provided you with online resources to assist in the tax process and financial decision-making. 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 or around Colorado Springs, Tax & Accounting Specialists Inc has years of valuable experience assisting individuals and professionals with their tax and accounting needs.
We have also provided you with online resources to assist in the tax process and financial decision-making. 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 or around Colorado Springs, Tax & Accounting Specialists Inc has years of valuable experience assisting individuals and professionals with their tax and accounting needs.
Services
For years, Tax & Accounting Specialists Inc has been providing quality, personalized financial guidance to individuals and businesses. Tax & Accounting Specialists Inc's expertise ranges from basic tax management and accounting services to more in-depth services such as financial statements, and tax planning.
Tax & Accounting Specialists Inc provides a wide range of services to individuals and businesses in a variety of industries. At Tax & Accounting Specialists Inc, 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. 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.
Reviews (1)
Richard Hauf
Jun 29, 2012
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We have worked with Leann and the ladies at Tax & Accounting Specialists for the last 5 years. They have done the bookkeeping and taxes for various business we have owned as well as our personal taxes. The job that they have done has been nothing short of outstanding! We have since moved to Florida and still have them do our bookkeeping and taxes. I would recommend them without hesitation and special shout out to Margaret who is the 'unsung hero' of the organization. Thanks for the years of great service!
