Schilling Business & Tax Service was established to provide efficient, valuable solutions to both businesses and individuals. Our primary services include bookkeeping, taxation, and business consulting for all company types. We also offer a host of specialty services to cater to the unique needs of our clients. Our experienced staff cares for a wide range of individuals, corporations, partnerships, and non-profit organizations.
Due to our years of experience in the business community, we are proficient in the financial issues and tax laws that affect all of our clients. We are a member in good standing of several professional organizations. I formed this firm with a single principle in mind: to provide the highest level of personalized client service possible. Simply put, I care about each and every one of my clients.
Your primary contact will always be me or my family. You will never have to worry about who has access to your private financial information or whether a new staff member has the experience to give you the right advice.
Due to our years of experience in the business community, we are proficient in the financial issues and tax laws that affect all of our clients. We are a member in good standing of several professional organizations. I formed this firm with a single principle in mind: to provide the highest level of personalized client service possible. Simply put, I care about each and every one of my clients.
Your primary contact will always be me or my family. You will never have to worry about who has access to your private financial information or whether a new staff member has the experience to give you the right advice.
Services
Our firm provides full-charge bookkeeping services, including general journal and subsidiary ledger maintenance, bank statement reconciliation, and receivables and payables tracking and analysis.
We can provide receivables balancing, payables, and payroll management.
We prepare financial statements geared to the management of your business that can be used by banks, investors, and other third parties.
We also prepare custom financial reports for thin internal, managerial use.
Our firm offers a full range of tax planning and compliance services.
We can provide receivables balancing, payables, and payroll management.
We prepare financial statements geared to the management of your business that can be used by banks, investors, and other third parties.
We also prepare custom financial reports for thin internal, managerial use.
Our firm offers a full range of tax planning and compliance services.
Are you looking for a firm that's large enough to offer a comprehensive array of bookkeeping, taxation, and consulting services, yet small enough to care for you on a personal level?
Then look no further.
Schilling Business and Tax Service started sixteen years ago to provide efficient, valuable solutions to both businesses and individuals.
Today, we are a full-size firm that offers a wide range of services for your personal and business needs.
No matter the task, we complete it with the expertise gained from years of industry experience while always giving you the personal touch.
Then look no further.
Schilling Business and Tax Service started sixteen years ago to provide efficient, valuable solutions to both businesses and individuals.
Today, we are a full-size firm that offers a wide range of services for your personal and business needs.
No matter the task, we complete it with the expertise gained from years of industry experience while always giving you the personal touch.
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.
Reviews
Be the first to review Schilling Business & Tax Service.
Write a Review
