For several years, I have been providing high quality, personalized financial and income tax guidance to individuals and businesses throughout the Monterey Peninsula. My mission is to help clients maintain financial viability in the present while taking a proactive approach to achieve future goals. This requires open communication to reach an understanding of our clients' needs, thorough research, and sound analysis.
I am dedicated to meeting these goals with high standards of excellence and professionalism. Every client needs accurate, timely and exemplary tax preparation. Through extensive training and experience Pete assists his clients all year long implementing strategies to maximize wealth and improve cash flow. He takes a proactive approach to helping his clients, including both individuals and small businesses, to address complex tax issues with solid advice and innovative ideas.
It's the kind of work that CPA's love to tackle and Pete is great at it. With more than 25 years of experience in the tax and accounting industry, Pete's practice specializes in helping individuals and small businesses with the following needs: tax planning and preparation, accounting, litigation support, business valuation, due diligence and acquisition or sale negotiations.
I am dedicated to meeting these goals with high standards of excellence and professionalism. Every client needs accurate, timely and exemplary tax preparation. Through extensive training and experience Pete assists his clients all year long implementing strategies to maximize wealth and improve cash flow. He takes a proactive approach to helping his clients, including both individuals and small businesses, to address complex tax issues with solid advice and innovative ideas.
It's the kind of work that CPA's love to tackle and Pete is great at it. With more than 25 years of experience in the tax and accounting industry, Pete's practice specializes in helping individuals and small businesses with the following needs: tax planning and preparation, accounting, litigation support, business valuation, due diligence and acquisition or sale negotiations.
Services
Peter J. Tansill, CPA provides a wide range of services to individuals and businesses in a variety of industries.
At Peter J. Tansill, 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 Peter J. Tansill, CPA, 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.
At Peter J. Tansill, 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 Peter J. Tansill, CPA, 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.
Peter J. Tansill, CPA is a full-service accounting firm serving clients throughout Pacific Grove and the Monterey Peninsula area dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.
On our website, you will find information about Peter J. Tansill, CPA 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.
On our website, you will find information about Peter J. Tansill, CPA 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.
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.
Trusts and estates need to file an income tax return for the 2020 calendar year (Form 1041) and pay any tax, interest and penalties due, if an automatic five-and-a-half month extension was filed.
Employers must establish a SIMPLE or a Safe-Harbor 401(k) plan for 2020 by this date, except in certain circumstances.
Individuals must file a 2020 income tax return (Form 1040 or Form 1040-SR) and pay any tax, interest and penalties due, if an automatic extension was filed.
Trusts and estates need to file an income tax return for the 2020 calendar year (Form 1041) and pay any tax, interest and penalties due, if an automatic five-and-a-half month extension was filed.
Employers must establish a SIMPLE or a Safe-Harbor 401(k) plan for 2020 by this date, except in certain circumstances.
Individuals must file a 2020 income tax return (Form 1040 or Form 1040-SR) and pay any tax, interest and penalties due, if an automatic extension was filed.
Reviews
Be the first to review Peter J Tansill CPA.
Write a Review
