Cullar & Associates, PC, CPA's is a full-service public accounting firm located in South Bend, Indiana. Since 1983, we have provided audit and accounting, tax planning and compliance, litigation support, and advisory services to businesses, nonprofits, and individuals throughout Indiana and Southern Michigan. We help our clients meet their goals with timely and cost-effective service.
We do this by maintaining long-term continuity of personnel and client relationships; strict adherence to ethical standards; rigorous training; and simply listening. Our teams have interdisciplinary skills, the latest technology, and years of experience assisting clients in our community. Peer review is a detailed review by another CPA firm of our audit and accounting policies, procedures, and engagement performance to determine if we have complied with all professional and regulatory requirements.
We believe receiving the highest possible report reflects our commitment to provide the highest quality of service to our clients.
We do this by maintaining long-term continuity of personnel and client relationships; strict adherence to ethical standards; rigorous training; and simply listening. Our teams have interdisciplinary skills, the latest technology, and years of experience assisting clients in our community. Peer review is a detailed review by another CPA firm of our audit and accounting policies, procedures, and engagement performance to determine if we have complied with all professional and regulatory requirements.
We believe receiving the highest possible report reflects our commitment to provide the highest quality of service to our clients.
Services
Cullar & Associates PC, CPA's provide a wide range of services to businesses, nonprofits, and individuals in a variety of industries and circmstances.
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.
Cullar & Associates PC CPA's assurance services comprise all three levels of such services, depending on your entity's needs.
Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions.
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.
Cullar & Associates PC CPA's assurance services comprise all three levels of such services, depending on your entity's needs.
Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions.
On this site you will find information about our firm, including a list of services we provide.
You will also find resources regarding taxes, accounting, and finances.
These include downloadable tax forms and publications, financial calculators, news, and links to other sites.
If you are interested in a portal to securely exchange files with us, please let us know and we'll set one up for you.
You will also find resources regarding taxes, accounting, and finances.
These include downloadable tax forms and publications, financial calculators, news, and links to other sites.
If you are interested in a portal to securely exchange files with us, please let us know and we'll set one up for you.
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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