Terry J. Redmon, CPA offers tax planning and preparation, litigation support services, forensic accounting, qualified expert witness service, business valuations, full-service accounting, and business entity formation and consulting. My office is located at 245 E. Liberty Street, Suite 250, Reno, Nevada 89501 - in Midtown Reno. My firm serves clients locally, nationally, and worldwide.
I am dedicated to provide my clients with professional and personalized services that fulfill a wide range of personal, business, consulting, accounting, and tax needs. On this website, you will find information about Terry J. Redmon, CPA, including my list of services. For your convenience, you are also provided with online resources to assist you in the tax process and your 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 Reno, Nevada or anywhere around the globe, Terry J. Redmon, CPA has over 30 years of valuable experience assisting clients with their tax, consulting, and accounting needs.
I am dedicated to provide my clients with professional and personalized services that fulfill a wide range of personal, business, consulting, accounting, and tax needs. On this website, you will find information about Terry J. Redmon, CPA, including my list of services. For your convenience, you are also provided with online resources to assist you in the tax process and your 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 Reno, Nevada or anywhere around the globe, Terry J. Redmon, CPA has over 30 years of valuable experience assisting clients with their tax, consulting, and accounting needs.
Services
For over 30 years, Terry J. Redmon, CPA, has been providing quality, personalized financial guidance to individuals and businesses.
Terry J. Redmon, CPA's expertise ranges from tax management services, including planning and preparation of all types of tax reporting, and representation before the Internal Revenue Service.
Terry J. Redmon, CPA also provided full-service accounting and consulting services including, audits, reviews, compilations, litigation support, business valuations and forensic accounting.
Terry J. Redmon, CPA's expertise ranges from tax management services, including planning and preparation of all types of tax reporting, and representation before the Internal Revenue Service.
Terry J. Redmon, CPA also provided full-service accounting and consulting services including, audits, reviews, compilations, litigation support, business valuations and forensic accounting.
Terry J. Redmon, CPA provides a wide range of services to individuals and businesses in a variety of industries.
At Terry J. Redmon, CPA, 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.
At Terry J. Redmon, CPA, I guide my clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
At Terry J. Redmon, CPA, 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.
At Terry J. Redmon, CPA, I guide my clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
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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