Richard S. Moreno has demonstrated, during his more than 40 years as a CPA, his manifest array of skills and expertise in diverse accounting, financial, tax and valuation environments. Richard's audit proficiency was honed during a nearly 10 year tenure in public accounting at national as well as medium size firms.
In private practice since 1980, his command of and sensitivity to management decision making and planning culminated in his appointment as chief financial officer of one of the largest privately owned glass companies in the nation.His insight and acumen in mergers and acquisition commend Richard's astuteness in the recognition and assessment of an entity's true value.
Richard has published articles, "Calculating Value to Get The Most Money For Your Business" and "The Market Approach To Determining The Value Of Your Business" reflecting his mastery of the subtle and often hidden components to "value". In recognition of his comprehensive aptitude, Richard holds accreditation in business valuations from the American Institute of Certified Public Accountants and is a respected member of the National Association of Certified valuation Analysts, serving as a State Chapter President.
In private practice since 1980, his command of and sensitivity to management decision making and planning culminated in his appointment as chief financial officer of one of the largest privately owned glass companies in the nation.His insight and acumen in mergers and acquisition commend Richard's astuteness in the recognition and assessment of an entity's true value.
Richard has published articles, "Calculating Value to Get The Most Money For Your Business" and "The Market Approach To Determining The Value Of Your Business" reflecting his mastery of the subtle and often hidden components to "value". In recognition of his comprehensive aptitude, Richard holds accreditation in business valuations from the American Institute of Certified Public Accountants and is a respected member of the National Association of Certified valuation Analysts, serving as a State Chapter President.
Services
Richard S. Moreno, CPA/ABV, CVA, CFF provides a wide range of services to individuals and businesses in a variety of industries.
At Richard S. Moreno, CPA/ABV, CVA, CFF, 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 Richard S. Moreno, CPA/ABV, CVA, CFF, 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 Richard S. Moreno, CPA/ABV, CVA, CFF, 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 Richard S. Moreno, CPA/ABV, CVA, CFF, 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.
Why Is a Business Valuation Necessary?
Because ownership interests in privately held companies often represent a significant portion of one's estate and/or portfolio.
The value, or worth, of an interest in a privately held company, as opposed to stock in a public company, is usually unknown because there is no active market to sell or trade that interest from which to ascertain or approximate value.
Value determinations are most commonly needed to calculate estate tax upon death, split up family assets in a divorce, and negotiate value in a purchase, sale or merger of a business enterprise.
Because ownership interests in privately held companies often represent a significant portion of one's estate and/or portfolio.
The value, or worth, of an interest in a privately held company, as opposed to stock in a public company, is usually unknown because there is no active market to sell or trade that interest from which to ascertain or approximate value.
Value determinations are most commonly needed to calculate estate tax upon death, split up family assets in a divorce, and negotiate value in a purchase, sale or merger of a business enterprise.
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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