Sanderson Accounting, Inc. is a family-owned accounting firm serving clients throughout the Miami Valley and beyond. We're dedicated to helping both individual and business clients with their tax and accounting needs. On this website, you will find information about Sanderson Accounting, Inc., including our list of services. We have provided some online resources to assist in the tax process and financial decision-making.
These tools include downloadable tax forms and publications, financial calculators, and links to certain websites. You'll also find helpful information about a range of financial issues and news from The National Taxpayer Advocate.
These tools include downloadable tax forms and publications, financial calculators, and links to certain websites. You'll also find helpful information about a range of financial issues and news from The National Taxpayer Advocate.
Services
Sanderson Accounting, Inc. provides quality, personalized accounting and tax services to individuals and businesses in the Dayton area.
Our expertise ranges from basic tax preparation and accounting services to more in-depth services such as setting up clients' books in Quickbooks or Sage 50, tax projections, and tax returns for estates and trusts.
William Sanderson grew up in Beavercreek and completed a bachelor's degree in journalism from Bowling Green University in 1999.
He worked as a sports writer for several years.
Our expertise ranges from basic tax preparation and accounting services to more in-depth services such as setting up clients' books in Quickbooks or Sage 50, tax projections, and tax returns for estates and trusts.
William Sanderson grew up in Beavercreek and completed a bachelor's degree in journalism from Bowling Green University in 1999.
He worked as a sports writer for several years.
Sanderson Accounting, Inc. provides a wide range of services to individuals and businesses in a variety of industries.
At Sanderson Accounting, Inc., 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 Sanderson Accounting, Inc., we provide a full range of tax planning and preparation for individuals and businesses.
We help our clients minimize their tax liabilities and stay on track toward their financial goals.
At Sanderson Accounting, Inc., 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 Sanderson Accounting, Inc., we provide a full range of tax planning and preparation for individuals and businesses.
We help our clients minimize their tax liabilities and stay on track toward their 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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