On this website, you will find information about Terry Jones & Associates, P.C., including our list of services. We have also provided you with online resources to assist in the tax process and financial decision-making. These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites. For more than 30 years, we have focused on exceeding our clients' expectations with solutions that are custom-tailored to their specific needs.
We give personal attention to each client and provide solutions to their individual problems or concerns.
We give personal attention to each client and provide solutions to their individual problems or concerns.
Services
Terry Jones & Associates, PC's mission is to provide our clients with personalized attention and a commitment to service that addresses not only today's needs but also tomorrow's plans.
We believe that our personalized attention and commitment will help our clients achieve success.
We are dedicated to helping our clients reach their financial goals.
Our dedication is shown by our timeliness, thoroughness and accuarcy.
For more than 40 years, we have focused on exceeding our clients' expectations with solutions that are custom-tailored to their specific needs.
We believe that our personalized attention and commitment will help our clients achieve success.
We are dedicated to helping our clients reach their financial goals.
Our dedication is shown by our timeliness, thoroughness and accuarcy.
For more than 40 years, we have focused on exceeding our clients' expectations with solutions that are custom-tailored to their specific needs.
Terry Jones & Associates, P.C. provides a wide range of services to individuals and businesses in a variety of industries.
At Terry Jones & Associates, P.C., 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.
Peace of mind.
These are the things that you can expect your tax advisor to provide.
We view our relationship with each of our clients as an ongoing partnership and strive to provide you with quality, up-to-date tax return preparation and advice.
At Terry Jones & Associates, P.C., 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.
Peace of mind.
These are the things that you can expect your tax advisor to provide.
We view our relationship with each of our clients as an ongoing partnership and strive to provide you with quality, up-to-date tax return preparation and advice.
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.
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.
Calendar-year S corporations must file a 2020 income tax return (Form 1120S) and pay any tax, interest and penalties due, if an automatic six-month extension was filed.
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.
Calendar-year S corporations must file a 2020 income tax return (Form 1120S) and pay any tax, interest and penalties due, if an automatic six-month extension was filed.
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