Welcome to Alliance CPAs LLC, certified public accountants, thank you for visiting our Website. In addition to providing you with a profile of our firm and the services we provide, this Website has been designed to become a helpful resource tool to you, our valued clients and visitors. Alliance CPAs is dedicated to superior client service. We are reaching out through the Internet to continue to provide the highest quality of professional service and guidance that our clients have come to depend on.
This cost effective ability allows us to provide our services to both urban and rural areas of Alaska, as well as the lower 48. While browsing through our Website, please feel free to contact us with any questions or comments you may have - we'd love to hear from you.
This cost effective ability allows us to provide our services to both urban and rural areas of Alaska, as well as the lower 48. While browsing through our Website, please feel free to contact us with any questions or comments you may have - we'd love to hear from you.
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Garry is a cum laude graduate of the University of Alaska Fairbanks with over forty years experience in public and private accounting.
Garry's professional experience includes serving the auditing, accounting, and tax needs of private and non-public industries and businesses; and non-profit and governmental entities.
His other areas of expertise include evaluating and implementing computer-based accounting systems.
Garry is a member of the American Institute of Certified Public Accountants, the Alaska Society of Certified Public Accountants, and is a life-long Fairbanks resident.
Garry's professional experience includes serving the auditing, accounting, and tax needs of private and non-public industries and businesses; and non-profit and governmental entities.
His other areas of expertise include evaluating and implementing computer-based accounting systems.
Garry is a member of the American Institute of Certified Public Accountants, the Alaska Society of Certified Public Accountants, and is a life-long Fairbanks resident.
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.
These calculators have been provided as a resource for you to help plan your financial matters.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice, or supplement the advice of a professional advisor.
There is not and can not be a guarantee of their applicability or accuracy in regards to your individual circumstances.
All examples are hypothetical and are for illustrative purposes.
You are encouraged to seek personalized advice from qualified professionals regarding all personal finance issues.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice, or supplement the advice of a professional advisor.
There is not and can not be a guarantee of their applicability or accuracy in regards to your individual circumstances.
All examples are hypothetical and are for illustrative purposes.
You are encouraged to seek personalized advice from qualified professionals regarding all personal finance issues.
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