Johnson, Slaughter, Driver & Northcutt, P.A. has a rich tradition in public accounting that spans many years. Built on the principles of integrity, professionalism and an unwavering deducation to customer service, our firm provides unparalleled tax, estate and small business advisory services to a diversified range of clients. Thank you for visting and please search our website to learn more about our firm and the way we can partner with you to achieve your personal and business financial goals.
Johnson, Slaughter, Driver & Northcutt provides a wide range of services to individuals and businesses in a variety of industries. Welcome to your Secure Client Portal, where you can upload and download sensitive files securely. Stay current with recent tax changes, news and financial tips with our monthly newsletter. Johnson, Slaughter, Driver & Northcutt, P.A. is one of the leading firms in and throughout Foley, AL.
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.
Johnson, Slaughter, Driver & Northcutt provides a wide range of services to individuals and businesses in a variety of industries. Welcome to your Secure Client Portal, where you can upload and download sensitive files securely. Stay current with recent tax changes, news and financial tips with our monthly newsletter. Johnson, Slaughter, Driver & Northcutt, P.A. is one of the leading firms in and throughout Foley, AL.
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.
Services
At Johnson, Slaughter, Driver & Northcutt, we believe in the value of relationships.
We view every client relationship like a partnership, and truly believe that our success is a result of your success.
We are committed to providing close, personal attention to our clients.
We take pride in giving you the asurance the personal assistance you recieve comes from years of advanced training, technical experience and financial acumen.
Our continual investment of time and resources in education, technology and extensive business relationships is indicative of our commitment to excellence.
We view every client relationship like a partnership, and truly believe that our success is a result of your success.
We are committed to providing close, personal attention to our clients.
We take pride in giving you the asurance the personal assistance you recieve comes from years of advanced training, technical experience and financial acumen.
Our continual investment of time and resources in education, technology and extensive business relationships is indicative of our commitment to excellence.
Johnson, Slaughter, Driver & Northcutt provides a wide range of services to individuals and businesses in a variety of industries.
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 Johnson, Slaughter, Driver & Northcutt, 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.
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 Johnson, Slaughter, Driver & Northcutt, 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.
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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