Langenberg, Strubberg, Arand & King, LLC strives to be a leader in the delivery of quality services and the attainment of client satisfaction within the public accounting profession. We are in a unique position of public trust and adhere to the highest standard of professional practice. We conduct ourselves with utmost professionalism and integrity.
Through personal contacts, educational programs, seminars, publications, and community involvement, we contribute to the financial and professional communities, expanding our reputation and opening up opportunities for our clients' growth as well as our own. With continuous programs for personal and professional development, we attempt to attract, develop, and retain people with intelligence, attitudes, and skills that enhance our ability to serve our clients.
Our mission is to provide the highest quality, effective and responsive professional services to business, nonprofit organizations, trusts, and individuals. The Firm is a service-driven organization and the professional services that we provide include accounting, tax preparation, general business consulitng, and tax consulting services.
Through personal contacts, educational programs, seminars, publications, and community involvement, we contribute to the financial and professional communities, expanding our reputation and opening up opportunities for our clients' growth as well as our own. With continuous programs for personal and professional development, we attempt to attract, develop, and retain people with intelligence, attitudes, and skills that enhance our ability to serve our clients.
Our mission is to provide the highest quality, effective and responsive professional services to business, nonprofit organizations, trusts, and individuals. The Firm is a service-driven organization and the professional services that we provide include accounting, tax preparation, general business consulitng, and tax consulting services.
Services
Langenberg, Strubberg, Arand & King, LLC provides a wide range of services to individuals and businesses in a variety of industries.
At Langenberg, Strubberg, Arand & King, LLC, 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.
We view our relationships with our clients as ongoing partnerships, and we pledge to provide you with quality, up-to-date tax return preparation and advice, whatever your tax planning and preparation needs-whether you're a sole-proprietor business or operate a multi-tiered corporation or partnership.
At Langenberg, Strubberg, Arand & King, LLC, 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.
We view our relationships with our clients as ongoing partnerships, and we pledge to provide you with quality, up-to-date tax return preparation and advice, whatever your tax planning and preparation needs-whether you're a sole-proprietor business or operate a multi-tiered corporation or partnership.
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.
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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