Henry, Waters & Associates, Inc. has been in business in Boulder, Colorado for over 30 years. Servicing the needs of our clients is our main focus. Whether you have been a client since 1978 or since yesterday, our main goal is to focus on the individual needs of your specialized business. Our firm's philosophy and practice, places us side-by-side with your management team, serving as advisors, sounding boards and accountants.
Our expertise in accounting, payroll and tax is the foundation upon which we build our client relationships; our unique understanding of individual and corporate financial information assures you of competent, quality service. We believe in the value of relationships. We view every client relationship as a partnership and believe that our success and your success are one.
We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the personal assistance you receive comes form years of advanced training, technical experience and financial acumen.
Our expertise in accounting, payroll and tax is the foundation upon which we build our client relationships; our unique understanding of individual and corporate financial information assures you of competent, quality service. We believe in the value of relationships. We view every client relationship as a partnership and believe that our success and your success are one.
We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the personal assistance you receive comes form years of advanced training, technical experience and financial acumen.
Services
Henry, Waters & Associates, Inc., strives to partner with clients as a trusted business adviser by providing quality, personalized financial guidance to individuals and businesses and to empower clients to make informed financial decisions.
Excellent customer service to our clients is our number one priority.
Our specialized business package is designed to meet the needs of your business.
We take care of your accounting, tax and payroll needs -- freeing up your time to focus on what you do best -- running your business.
Excellent customer service to our clients is our number one priority.
Our specialized business package is designed to meet the needs of your business.
We take care of your accounting, tax and payroll needs -- freeing up your time to focus on what you do best -- running your business.
Our firm offers a wide range of services to our individual and business clients.
Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison.
Below we have listed the services that we offer to our clients along with a brief description.
As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed.
If it is not a service we provide, we would be more than happy to refer you to a qualified professional.
Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison.
Below we have listed the services that we offer to our clients along with a brief description.
As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed.
If it is not a service we provide, we would be more than happy to refer you to a qualified professional.
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.
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.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
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.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
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.
Employers must establish a SIMPLE or a Safe-Harbor 401(k) plan for 2020 by this date, except in certain circumstances.
Individuals must file a 2020 income tax return (Form 1040 or Form 1040-SR) and pay any tax, interest and penalties due, if an automatic extension was filed.
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.
Employers must establish a SIMPLE or a Safe-Harbor 401(k) plan for 2020 by this date, except in certain circumstances.
Individuals must file a 2020 income tax return (Form 1040 or Form 1040-SR) and pay any tax, interest and penalties due, if an automatic extension was filed.
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