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For years, Accounting Unlimited, Inc. has been providing quality, personalized financial guidance to local individuals and businesses. Our expertise ranges from basic tax management and bookkeeping services to more in-depth services such as financial statements and financial planning. Accounting Unlimited, Inc. is one of the leading firms in and throughout the area.
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All Corporate and Personal tax returns will be E-filed for the current year per IRS regulations. For an additional fee, we offer Refund Transfer (RT) where you can elect to have your preparation fee deducted from your refund. For additional details, please call our office to speak with a representative.
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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. The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
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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.
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