RCN & Associates

RCN & Associates, LLC provides a wide range of services to individuals and businesses in a variety of industries. At RCN & Associates, LLC, 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. From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities.RCN & Associates, LLC's accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues.

We hope that you will take a few minutes to learn about the many services that our company has to offer. RCN & Associates, LLC is a full-service accounting firm serving clients locally and nation-wide, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.

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.

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.