Culkar, Stachowicz & Co., CPA's is a full-service accounting firm serving clients throughout the North Royalton area, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs. On this website, you will find information about Culkar, Stachowicz & Co., CPA's, 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. Whether you are an individual or business in or around North Royalton, Culkar, Stachowicz & Co., CPA's has years of valuable experience assisting professionals with their accounting needs.
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. Whether you are an individual or business in or around North Royalton, Culkar, Stachowicz & Co., CPA's has years of valuable experience assisting professionals with their accounting needs.
Services
CSC has provided income tax preparation and compliance services to individuals and businesses for over 20 years.
The focus of CSC is indvidual tax issues.
However CSC does service many business.
Most businesses serviced by CSC are closely held and owner managed.
CSC has accounting and computer systems to meet it's business clients financial reporting needs.
Payroll services are also available.
Graduated 1983 from Bethany College.
Jim has worked in public accounting for over 28 years.
His area of expertise is small business computerized accounting including QuickBooks, Quicken and Sage BusinessWorks.
The focus of CSC is indvidual tax issues.
However CSC does service many business.
Most businesses serviced by CSC are closely held and owner managed.
CSC has accounting and computer systems to meet it's business clients financial reporting needs.
Payroll services are also available.
Graduated 1983 from Bethany College.
Jim has worked in public accounting for over 28 years.
His area of expertise is small business computerized accounting including QuickBooks, Quicken and Sage BusinessWorks.
Culkar, Stachowicz & Co., CPA's provides a wide range of services to individuals and businesses in a variety of industries.
At Culkar, Stachowicz & Co., CPA's, 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 Culkar, Stachowicz & Co., CPA'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.
At Culkar, Stachowicz & Co., CPA's, 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 Culkar, Stachowicz & Co., CPA'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.
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.
But what should be done with those documents after your check or refund request is in the mail?
Federal law requires you to maintain copies of your tax returns and supporting documents for three years.
This is called the "three-year law" and leads many people to believe they're safe provided they retain their documents for this period of time.
However, if the IRS believes you have significantly underreported your income (by 25 percent or more), it may go back six years in an audit.
If there is any indication of fraud, or you do not file a return, no period of limitation exists.
Federal law requires you to maintain copies of your tax returns and supporting documents for three years.
This is called the "three-year law" and leads many people to believe they're safe provided they retain their documents for this period of time.
However, if the IRS believes you have significantly underreported your income (by 25 percent or more), it may go back six years in an audit.
If there is any indication of fraud, or you do not file a return, no period of limitation exists.
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