Emerald Coast Accounting and Tax Services has been operating out of the Destin area since the fall of 2002. We are dedicated to providing our clients with professional, personalized accounting services and tax guidance in a wide range of financial and business arenas. On this website, you will find some general information about Emerald Coast Accounting & Tax Srvc., including our list of services.
We have also provided you with a variety of online resources to assist in the tax process and with your financial decision-making. These tools include downloadable tax forms. We provide a wide range of services to individuals and businesses in a variety of industries. Our calculators have been provided as a resource for you to help plan your financial matters.
We have also provided you with a variety of online resources to assist in the tax process and with your financial decision-making. These tools include downloadable tax forms. We provide a wide range of services to individuals and businesses in a variety of industries. Our calculators have been provided as a resource for you to help plan your financial matters.
Services
Emerald Coast Accounting and Tax Services, LLC started as a dream of a mother and daughter team to open a firm that could provide affordable, friendly services to all levels of businesses in the community.
That dream became a reality in the fall of 2002 and has expanded to service not only the local community, but anyone in need of assistance throughout the United States.
We pride ourselves in being ethical as well as providing knowledgeable advice to our customers as their needs see fit.
Our customers are more than clients they are friends.
That dream became a reality in the fall of 2002 and has expanded to service not only the local community, but anyone in need of assistance throughout the United States.
We pride ourselves in being ethical as well as providing knowledgeable advice to our customers as their needs see fit.
Our customers are more than clients they are friends.
We provide a wide range of services to individuals and businesses in a variety of industries.
As a client of Emerald Coast Accounting and Tax Services, LLC you can choose the exact level of services desired to help your business succeed.
For your convenience we can obtain backup documentation through many outlets allowing for remote services as well as drop off.
Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming.
With Emerald Coast Accounting and Tax Services you choose the level of service you desire.
As a client of Emerald Coast Accounting and Tax Services, LLC you can choose the exact level of services desired to help your business succeed.
For your convenience we can obtain backup documentation through many outlets allowing for remote services as well as drop off.
Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming.
With Emerald Coast Accounting and Tax Services you choose the level of service you desire.
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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