Our office is now open for limited appointments. We ask that unvaccinated people wear masks. This is our best chance to prevent spreading the virus to you, and to ensure our employees well-being. 2. Drop your documents through our mail slot - this option is available 8:30 - 5:00 M-F (except holidays). Please call the office at 253-564-2217 to if you would like to schedule a 30 minute phone call to review your documents.
These appointments will be most effective if they take place after we receive your information. We are a full-service accounting firm dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.
These appointments will be most effective if they take place after we receive your information. We are a full-service accounting firm dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.
Services
He has 37 years experience in the accounting profession with the last 21 years in public accounting.
His areas of concentration include individual, corporate, partnership, and trust taxation.
Gordon has provided tax planning to a diverse set of clients.
He is a member of the Washington Society of Certified Public Accountants and the American Society of Certified Public Accountants.
Gordon received his Bachelor of Science in Accounting from Central Washington University.
Nick's practice areas include tax planning and compliance, wealth planning and financial analysis, business advisory services to family businesses and estate planning and administration.
His areas of concentration include individual, corporate, partnership, and trust taxation.
Gordon has provided tax planning to a diverse set of clients.
He is a member of the Washington Society of Certified Public Accountants and the American Society of Certified Public Accountants.
Gordon received his Bachelor of Science in Accounting from Central Washington University.
Nick's practice areas include tax planning and compliance, wealth planning and financial analysis, business advisory services to family businesses and estate planning and administration.
Sutton-McCann & Company, P.S. provides a range of services to individuals and businesses in a variety of industries.
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.
At Sutton-McCann & Company, P.S., we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
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.
At Sutton-McCann & Company, P.S., we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
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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