TAX PREPARATIONS
Each year, the tax laws seem to
get more and more complicated. We prepare hundreds
of tax returns each year, therefore, we continue
to educate ourselves in each and every tax law
change, whether they pertain to business or
personal taxes. With over 20 combined years as
CPA's we can help make these laws a bit easier to
understand. We offer face to face meetings
throughout the year to ensure that you are on
track and are comfortable with your income
tax/financial outlook. These meetings ensure that
no deduction or credit will be overlooked when tax
season rolls around. Our goal is to steer you in
the right direction to prevent any problems that
may arise in the future. Below is a helpful
checklist that will help maximize your return. You
will find this beneficial as an individual,
business owner, or investor.
Here is a
Helpful Checklist
Use this Checklist
to help maximize your returns. Whether you are an
Individual, Business Owner, or and Investor, these
tax credits are available to you.
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For
Individuals:
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.
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Roth
IRA |
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.
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Rollover
to Roth IRA |
|
.
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Tax-deductible
IRA |
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.
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Child
tax credit |
|
.
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Income
shifting to children |
|
.
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Child
care credit |
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.
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Earned
income credit |
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.
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Lifetime
gifts |
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.
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Education
savings accounts |
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.
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Education
expenses |
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.
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Hope
scholarship credit |
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.
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Lifetime
learning credit |
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.
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Bunching
deductions |
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.
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Flexible
spending accounts |
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.
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Health
savings account |
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.
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Donating
appreciated assets instead of cash |
|
.
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Best
filing status |
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.
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Shifting
income or deductions from year to year |
|
.
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Adoption
credit |
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For
Businesses:
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.
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Home
office deduction |
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.
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Keogh
plan |
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.
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SIMPLE
plan |
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.
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SEP
plan |
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.
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401(k)
plan |
|
.
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First
year expensing of business equipment |
|
.
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Bonus
depreciation |
|
.
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Year-end
bonuses |
|
.
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Bad
debt write-off |
|
.
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Disabled
access credit |
|
.
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Other
business tax credits |
|
.
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Tax-deferred
exchange |
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For
Investors:
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|
.
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Tax-free
municipal bonds |
|
.
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Long-term
capital gains and dividends |
|
.
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Rental
property |
|
.
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Tax-deferred
exchange |
|
.
|
Low-income
housing credit |
|
.
|
Small
business stock rollover
|
We would
be happy to discuss any questions you may have
regarding any of the above mentioned credits.
(916) 788-8297 or Email us:
Info@JohnsonandCo.com
