Ana Duke, EA and NTPI Fellow, and James Duke, CTEC, are experienced in all areas of tax preparation, including individual, small business, partnerships, corporations, estates, and trusts. In most cases your return is prepared during your comprehensive interview. We use the highest quality computers and software so that your return is complete, correct and timely.
The tax laws are very complex. We think you deserve to understand the laws that apply to you. We can walk you through the things you don't understand. Many clients like to come in and ask questions before they make a major decision such as selling an asset, drawing money from a retirement account, buying a home, etc. For more information on Enrolled Agents (EA) visit the National Association of Enrolled Agents.
James Duke also specializes in Payroll and Bookkeeping. These services include preparing payroll checks and records, direct deposit of employee paychecks, state and federal employee tax forms and payments, and worker's compensation and department of labor reporting.
The tax laws are very complex. We think you deserve to understand the laws that apply to you. We can walk you through the things you don't understand. Many clients like to come in and ask questions before they make a major decision such as selling an asset, drawing money from a retirement account, buying a home, etc. For more information on Enrolled Agents (EA) visit the National Association of Enrolled Agents.
James Duke also specializes in Payroll and Bookkeeping. These services include preparing payroll checks and records, direct deposit of employee paychecks, state and federal employee tax forms and payments, and worker's compensation and department of labor reporting.
Services
Our goal for you is to provide the highest quality tax, bookkeeping, and payroll service.
We believe in relationships.
Our clients needs for today and for the future are our main concern.
Integrity, service, and customer satisfaction are words we live by.
We are confident that we will be able to give you the kind of service you expect and deserve.
At Better Ledger, Inc., 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 believe in relationships.
Our clients needs for today and for the future are our main concern.
Integrity, service, and customer satisfaction are words we live by.
We are confident that we will be able to give you the kind of service you expect and deserve.
At Better Ledger, Inc., 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.
If you are claiming the Child Tax Credit or the new Dependent Credit, you need documentation to prove the child lives with and is supported by you.
Please bring a document from the dependent's school, doctor, childcare provider, social services statement, or other to demonstrate that the dependent lives at the same address as you.
If you are claiming the American Opportunity Tax Credit, you need to prove that the tuition, fees, and other required school expenses were paid by you.
The 1098T issued by the school has always been required.
Please bring a document from the dependent's school, doctor, childcare provider, social services statement, or other to demonstrate that the dependent lives at the same address as you.
If you are claiming the American Opportunity Tax Credit, you need to prove that the tuition, fees, and other required school expenses were paid by you.
The 1098T issued by the school has always been required.
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.
Employers need to report income tax withholding and FICA taxes for third quarter 2021 (Form 941) and pay any tax due.
Employers need to report income tax withholding and FICA taxes for third quarter 2021 (Form 941), if you deposited on time and in full all of the associated taxes due.
Exempt organizations must file a 2020 calendar-year information return (Form 990, Form 990-EZ or Form 990-PF) and pay any tax, interest and penalties due, if a six-month extension was previously filed.
Employers need to report income tax withholding and FICA taxes for third quarter 2021 (Form 941) and pay any tax due.
Employers need to report income tax withholding and FICA taxes for third quarter 2021 (Form 941), if you deposited on time and in full all of the associated taxes due.
Exempt organizations must file a 2020 calendar-year information return (Form 990, Form 990-EZ or Form 990-PF) and pay any tax, interest and penalties due, if a six-month extension was previously filed.
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