Bouvier Tax & Financial Services, Inc is a full-service accounting firm serving clients throughout the 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 Bouvier Tax & Financial Services, Inc, 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 Pawleys Island, Bouvier Tax & Financial Services, Inc 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 Pawleys Island, Bouvier Tax & Financial Services, Inc has years of valuable experience assisting professionals with their accounting needs.
Services
Bouvier Tax & Financial Services, Inc. started in 1969 with a single client and has grown to over a thousand individual and business clients.
David Bouvier and his wife Vickie are the founders and principal officers.
Both are Enrolled Agents and licensed to represent clients in all administrative matters before the Internal Revenue Service.
They are also members of the Massachusetts Society Society of Enrolled Agents (MaSEA), SCSEA South Carolina Society of Enrolled Agents, National Society of Enrolled Agents (NAEA) and National Association of Tax Professionals (NATP).
David Bouvier and his wife Vickie are the founders and principal officers.
Both are Enrolled Agents and licensed to represent clients in all administrative matters before the Internal Revenue Service.
They are also members of the Massachusetts Society Society of Enrolled Agents (MaSEA), SCSEA South Carolina Society of Enrolled Agents, National Society of Enrolled Agents (NAEA) and National Association of Tax Professionals (NATP).
An Enrolled Agent (EA) is an individual who has demonstrated technical competence in the field of taxation.
Enrolled Agents can represent taxpayers before all administrative levels of the Internal Revenue Service and state taxing authorities.
Only EAs, attorneys, CPAs and enrolled actuaries may represent taxpayers before the IRS.
The Enrolled Agent profession dates back to 1884 when, after questionable claims had been presented for Civil War losses, Congress acted to regulate persons who represented citizens in their dealings with the Treasury Department.
Enrolled Agents can represent taxpayers before all administrative levels of the Internal Revenue Service and state taxing authorities.
Only EAs, attorneys, CPAs and enrolled actuaries may represent taxpayers before the IRS.
The Enrolled Agent profession dates back to 1884 when, after questionable claims had been presented for Civil War losses, Congress acted to regulate persons who represented citizens in their dealings with the Treasury Department.
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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