We are a full-service tax and accounting firm. Our friendly team is dedicated to providing our clients with a professional, personalized experience to help them achieve their goals. We seek to understand your unique situation and then deliver results with highly personalized service and advice. On our website, you will find information about our firm and the services we provide.
You will also find various resources including tax tools and financial guides to assist you. These tools are designed with you, the client, in mind. These tools include downloadable forms and publications, financial calculators, news and links to other useful sites. Whether you are an individual or a business, The Albin CPA Firm, LLC has the experience to help you accomplish your goals.
Please take a look at our website and list of services. We would love to hear from you, please give us a call or send us an email to schedule a free consultation!
You will also find various resources including tax tools and financial guides to assist you. These tools are designed with you, the client, in mind. These tools include downloadable forms and publications, financial calculators, news and links to other useful sites. Whether you are an individual or a business, The Albin CPA Firm, LLC has the experience to help you accomplish your goals.
Please take a look at our website and list of services. We would love to hear from you, please give us a call or send us an email to schedule a free consultation!
Services
We believe our teamwork approach adds a broader perspective to all we do and provides valuable benefits to our clients.
Our experienced professionals specialize in creating an approach that is designed for our client and their goals.
We believe in excellent client service through listening and understanding our clients and their goals.
We understand that our clients depend on us to help them navigate the path to achieving their goals.
Our commitment is focused on our client, reaching their goals, and their satisfaction throughout the lifelong process.
Our experienced professionals specialize in creating an approach that is designed for our client and their goals.
We believe in excellent client service through listening and understanding our clients and their goals.
We understand that our clients depend on us to help them navigate the path to achieving their goals.
Our commitment is focused on our client, reaching their goals, and their satisfaction throughout the lifelong process.
The Albin CPA Firm, LLC provides a wide range of services to individuals and businesses in a variety of industries.
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.
Our firm continuously monitors federal, state, and local tax law changes to allow its clients to minimize current and future tax liabilities.
If necessary, we can implement tailor-made due-date tax compliance monitoring systems to prevent costly interest and penalty assessments attributable to late filing.
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.
Our firm continuously monitors federal, state, and local tax law changes to allow its clients to minimize current and future tax liabilities.
If necessary, we can implement tailor-made due-date tax compliance monitoring systems to prevent costly interest and penalty assessments attributable to late filing.
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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