Mission: To grow and create relationships with regional small businesses by providing accounting services including consulting, monthly bookkeeping, and tax services with the primary objectives of increasing clients' profitability and working in a way that glorifies God. Vision: To grow a firm of core clients who continuously benefit and gain peace of mind from a partnership with a trusted firm who cares.
We will provide services in a way that is approachable, courteous, professional, and Christ-like. Steven graduated from Mercer University in 2006 with a BBA in Accounting and a minor in English. Before graduating, he prepared basic tax returns at H&R Block and then interned at a local CPA firm, Lamb & Braswell, LLC, where he learned the basics of bookkeeping and payroll.
After graduating, he went to work as an accounting clerk at Reeves Construction for a short time before taking a job at The Rainey Accounting Firm, LLC, where he gained valuable experience in bookkeeping, tax, and payroll.
We will provide services in a way that is approachable, courteous, professional, and Christ-like. Steven graduated from Mercer University in 2006 with a BBA in Accounting and a minor in English. Before graduating, he prepared basic tax returns at H&R Block and then interned at a local CPA firm, Lamb & Braswell, LLC, where he learned the basics of bookkeeping and payroll.
After graduating, he went to work as an accounting clerk at Reeves Construction for a short time before taking a job at The Rainey Accounting Firm, LLC, where he gained valuable experience in bookkeeping, tax, and payroll.
Services
Our firm is intentionally different.
When you entrust someone with your accounting shouldn't you expect something in return besides a report here and there?
We think so, and that's why we are committed to communicating with you throughout the year about the growth of your business and your tax situation.
Death and Taxes - I wouldn't bet against these two guys.
We check each year, and we discover that the certainty of taxes is, in fact, certain.
Given that truth, we prepare individual, partnership and corporate tax returns for our clients, but our value add is in our tax planning function.
When you entrust someone with your accounting shouldn't you expect something in return besides a report here and there?
We think so, and that's why we are committed to communicating with you throughout the year about the growth of your business and your tax situation.
Death and Taxes - I wouldn't bet against these two guys.
We check each year, and we discover that the certainty of taxes is, in fact, certain.
Given that truth, we prepare individual, partnership and corporate tax returns for our clients, but our value add is in our tax planning function.
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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