Like other professional services, tax and accounting act as an important gears in keeping the machinery of business and everyday life operating smoothly. But despite the many common elements that go along with tax and financial planning, your own tax and accounting needs are unique and that calls for individual attention not found in a software program or offered by a seasonal service.
At Cathy Villemure, CPA, PLLC, we recognize your unique circumstances and take the time to get to know you. Yes, on this website you will find several resources to assist you with tax planning and financial decision-making. There are downloadable tax forms and publications, financial calculators, daily news reports, and links to other useful sites.
But we are also here to answer the questions that invariably arise. You can count on a real person to be here to help guide you. We serve businesses and individuals throughout the east side of metro Seattle including Kirkland, Bellevue, Redmond, Bothell, Kenmore, and Woodinville.
At Cathy Villemure, CPA, PLLC, we recognize your unique circumstances and take the time to get to know you. Yes, on this website you will find several resources to assist you with tax planning and financial decision-making. There are downloadable tax forms and publications, financial calculators, daily news reports, and links to other useful sites.
But we are also here to answer the questions that invariably arise. You can count on a real person to be here to help guide you. We serve businesses and individuals throughout the east side of metro Seattle including Kirkland, Bellevue, Redmond, Bothell, Kenmore, and Woodinville.
Services
You have lots of choices when it comes to getting assistance with business decisions, tax preparation and planning your financial future.
What makes us different?
Unlike the businesses that open seasonally and hire temporary help, we work throughout the year with our clients.
We are always in motion, taking part in ongoing education classes so that we are up-to-date on current tax laws, participating in community activities and joining in professional organizations.
Large firms do that, too, but here you won't get lost in the shuffle.
What makes us different?
Unlike the businesses that open seasonally and hire temporary help, we work throughout the year with our clients.
We are always in motion, taking part in ongoing education classes so that we are up-to-date on current tax laws, participating in community activities and joining in professional organizations.
Large firms do that, too, but here you won't get lost in the shuffle.
Cathy Villemure, CPA, PLLC offers you - either as a business or individual - advice and services based on your unique situation.
Laws change.
Circumstances change.
We take the time to learn about you so we can position you as well as possible not only for today but for the future, too.
At Cathy Villemure, CPA, PLLC, we guide our 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.
Laws change.
Circumstances change.
We take the time to learn about you so we can position you as well as possible not only for today but for the future, too.
At Cathy Villemure, CPA, PLLC, we guide our 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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