Office Williams Stubbs

William W. Stubbs III, PC provides a wide range of services to individuals and businesses in a variety of industries. At William W. Stubbs III, 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.

William W. Stubbs III, P.C. is dedicated to providing timely and innovative accounting services of exceptional value and superior quality. At the same time, we are committed to maintaining highly personalized relationships.

We believe that it is essential to know our clients in order to assist them in planning; whether it be offering ideas to minimize taxes, providing guidance and suggestions to improve their ability to address financial matters, or offering assistance with their accounting systems.Oil field equipment sales, equipment rental, mud and chemical sales, mud disposal services.

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.