Jeffrey Anton Tax & Business Services is a full-service tax preparation firm serving clients in Belmont, San Carlos, Redwood City, San Mateo, Burlingame, Hillsborough, Atherton, Woodside, and other cities throughout the Peninsula, dedicated to providing our clients with professional, personalized services and guidance of financial and business needs.
Together, we deal with simple and complex tax returns for individuals, business entities, and estates and trusts. Where is the best place to find the money to exercise stock options or stock purchase program shares? How much should you save in your 401k, IRA, or SEP IRA? If you're in your own business, do you operate in the right business entity? Do you control how much you pay into Social Security?
Do you maximize the deduction for insurance? Are your beneficiary designations on financial accounts designed for the best tax strategy long into the future? I try to convince you that when you encounter a strange situation regarding your money, your kneejerk reaction should be to pick up the phone or send me an email before you do anything.
Together, we deal with simple and complex tax returns for individuals, business entities, and estates and trusts. Where is the best place to find the money to exercise stock options or stock purchase program shares? How much should you save in your 401k, IRA, or SEP IRA? If you're in your own business, do you operate in the right business entity? Do you control how much you pay into Social Security?
Do you maximize the deduction for insurance? Are your beneficiary designations on financial accounts designed for the best tax strategy long into the future? I try to convince you that when you encounter a strange situation regarding your money, your kneejerk reaction should be to pick up the phone or send me an email before you do anything.
Services
For over 30 years, Jeffrey Anton Tax & Business Services has been providing quality, personalized financial guidance to local individuals and businesses.
Jeffrey Anton Tax & Business Services's expertise include basic tax management and preparation services, financial, retirement and employee benefit planning.
Our 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.
Jeffrey Anton Tax & Business Services's expertise include basic tax management and preparation services, financial, retirement and employee benefit planning.
Our 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.
Jeffrey Anton Tax & Business Services provides a wide range of services to individuals and businesses in a variety of industries.
At Jeffrey Anton Tax & Business Services, 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 Jeffrey Anton Tax & Business Services, 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 Jeffrey Anton Tax & Business Services, 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 Jeffrey Anton Tax & Business Services, 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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