We are offering online consultations using secure connections, Citrix and Zoom for our clients safety. Accounting Systems Specialists is an accounting firm serving clients throughout the Central Wisconsin area, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs. We specialize in accounting software selection, installation and training for small businesses.
We provide compiled financial statements, employment tax reporting, sales tax reporting and other consulting services to small businesses as needed. On this website, you will find information about Accounting Systems Specialists, 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. Small businesses in Central Wisconsin can be assured Accounting Systems Specialists has years of valuable experience assisting professionals with their accounting needs.
We provide compiled financial statements, employment tax reporting, sales tax reporting and other consulting services to small businesses as needed. On this website, you will find information about Accounting Systems Specialists, 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. Small businesses in Central Wisconsin can be assured Accounting Systems Specialists has years of valuable experience assisting professionals with their accounting needs.
Services
For years, Accounting Systems Specialists has been providing quality, personalized financial guidance to local businesses.
Accounting Systems Specialists's expertise ranges from accounting software selection, installation and training services to compiled financial statements, employment and sales tax reporting and other consulting services.
Accounting Systems Specialists is one of the leading firms throughout Central Wisconsin.
By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve.
Accounting Systems Specialists's expertise ranges from accounting software selection, installation and training services to compiled financial statements, employment and sales tax reporting and other consulting services.
Accounting Systems Specialists is one of the leading firms throughout Central Wisconsin.
By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve.
Accounting Systems Specialists, Inc., provides a wide range of services to individuals and businesses in a variety of industries.
At Accounting Systems Specialists, 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.
From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities.
At Accounting Systems Specialists, 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.
From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities.
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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