I am a full-service accounting firm dedicated to providing you with professional, personalized services and guidance in a wide range of financial and business needs. On this website, you will find information about my firm, including a list of services. I 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. I am located in the Baker Ct Bldg at 821 Raymond Avenue - Suite 310, Saint Paul, MN 55114 in South St Anthony Park near Highway 280 & University (1 Blk N of University on NW Quadrant of Raymond Ave & Territorial Rd).
These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites. I am located in the Baker Ct Bldg at 821 Raymond Avenue - Suite 310, Saint Paul, MN 55114 in South St Anthony Park near Highway 280 & University (1 Blk N of University on NW Quadrant of Raymond Ave & Territorial Rd).
Services
I have been practicing in St Anthony Park providing quality, personalized financial guidance to local individuals and businesses since leaving the Big Eight accounting firm Peat, Marwick, Mitchell & Co., now known as KPMG.
My expertise ranges from basic tax management and accounting services to more in-depth services such as software installation and maintenance as well as financial planning.
Our mission is to help clients maintain financial viability in the present while taking a proactive approach to achieve future goals.
My expertise ranges from basic tax management and accounting services to more in-depth services such as software installation and maintenance as well as financial planning.
Our mission is to help clients maintain financial viability in the present while taking a proactive approach to achieve future goals.
Dan Bane, CPA, LLC provides a wide range of services to individuals and businesses in a variety of industries.
At Dan Bane, CPA, LLC, 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.
We guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities.
Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws.
At Dan Bane, CPA, LLC, 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.
We guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities.
Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws.
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.
Employers need to report income tax withholding and FICA taxes for third quarter 2021 (Form 941) and pay any tax due.
Employers need to report income tax withholding and FICA taxes for third quarter 2021 (Form 941), if you deposited on time and in full all of the associated taxes due.
Exempt organizations must file a 2020 calendar-year information return (Form 990, Form 990-EZ or Form 990-PF) and pay any tax, interest and penalties due, if a six-month extension was previously filed.
Employers need to report income tax withholding and FICA taxes for third quarter 2021 (Form 941) and pay any tax due.
Employers need to report income tax withholding and FICA taxes for third quarter 2021 (Form 941), if you deposited on time and in full all of the associated taxes due.
Exempt organizations must file a 2020 calendar-year information return (Form 990, Form 990-EZ or Form 990-PF) and pay any tax, interest and penalties due, if a six-month extension was previously filed.
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