On this website, you will find information about Santella Business Solutions, Inc., 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. Since 2002, Santella Business Solutions, Inc. has been providing quality, personalized financial guidance to local individuals and businesses.
Santella Business Solutions, Inc.'s expertise ranges from basic tax management and preparation accounting services to more in-depth services such as tax planning, and financial advising.
Santella Business Solutions, Inc.'s expertise ranges from basic tax management and preparation accounting services to more in-depth services such as tax planning, and financial advising.
Services
Since 2002, Santella Business Solutions, Inc. has been providing quality, personalized financial guidance to local individuals and businesses.
Santella Business Solutions, Inc.'s expertise ranges from basic tax management and preparation accounting services to more in-depth services such as tax planning, and financial advising.
Our goal at Santella Business Solutions, Inc. is to be your friendly neighborhood, full-service tax and accounting professionals.
We make taxes simple.
We pride ourselves on the fact that we know our clients, and their goals.
Santella Business Solutions, Inc.'s expertise ranges from basic tax management and preparation accounting services to more in-depth services such as tax planning, and financial advising.
Our goal at Santella Business Solutions, Inc. is to be your friendly neighborhood, full-service tax and accounting professionals.
We make taxes simple.
We pride ourselves on the fact that we know our clients, and their goals.
Santella Business Solutions Inc provides a wide range of services to individuals and businesses in a variety of industries.
At Santella Business Solutions Inc, 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 Santella Business Solutions, Inc., we guide our new business clients through the start up process.
We will help you determine the best business entity for your needs and we can form corporations or LLC's.
At Santella Business Solutions Inc, 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 Santella Business Solutions, Inc., we guide our new business clients through the start up process.
We will help you determine the best business entity for your needs and we can form corporations or LLC's.
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.
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