For over 12 years, the Accounting Offices of James Thurman Hill CPA Inc has served the Southern California area with a commitment to service and value. We appreciate your interest and look forward to earning your business. Established in 2000, Accounting Office of James Thurman Hill CPA Inc has the experience and expertise to get the job done right.
Accounting Office of James Thurman Hill CPA Inc provides personalized service and affordable rates. And if there's anything else we can do to make your experience any better, just ask. We appreciate the opportunity to serve you. Our website provides an overview of our products and services. If you have any questions or comments, or would like to schedule an appointment, please contact us.
We usually answer within 24 hours.
Accounting Office of James Thurman Hill CPA Inc provides personalized service and affordable rates. And if there's anything else we can do to make your experience any better, just ask. We appreciate the opportunity to serve you. Our website provides an overview of our products and services. If you have any questions or comments, or would like to schedule an appointment, please contact us.
We usually answer within 24 hours.
Services
Please allow me to introduce myself.
I am James (Jim) Hill, Certified Public Accountant.
My office is in Menifee, California and Lake Forest, California and I am currently accepting new clients in the Southern California area.
My practice is based on helping individuals and business owners understand and navigate the complexities of accounting, tax and treasury operations required to conduct daily reconciliations, production of financial statements i.e.
Additionally, The Accounting Office of James Thurman Hill, CPA Inc. has been selected by "The Dave Ramsey Show" to be an Endorsed Local Provider (ELP) of tax and accounting services for businesses as well as individuals.
I am James (Jim) Hill, Certified Public Accountant.
My office is in Menifee, California and Lake Forest, California and I am currently accepting new clients in the Southern California area.
My practice is based on helping individuals and business owners understand and navigate the complexities of accounting, tax and treasury operations required to conduct daily reconciliations, production of financial statements i.e.
Additionally, The Accounting Office of James Thurman Hill, CPA Inc. has been selected by "The Dave Ramsey Show" to be an Endorsed Local Provider (ELP) of tax and accounting services for businesses as well as individuals.
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.
These calculators have been provided as a resource for you to help plan your financial matters.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice, or supplement the advice of a professional advisor.
There is not and can not be a guarantee of their applicability or accuracy in regards to your individual circumstances.
All examples are hypothetical and are for illustrative purposes.
You are encouraged to seek personalized advice from qualified professionals regarding all personal finance issues.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice, or supplement the advice of a professional advisor.
There is not and can not be a guarantee of their applicability or accuracy in regards to your individual circumstances.
All examples are hypothetical and are for illustrative purposes.
You are encouraged to seek personalized advice from qualified professionals regarding all personal finance issues.
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