At Fastax & Accounting Inc, we assist our clients by uncovering the key success factors in their business to maximize revenues and minimize expenses. This is done through exceptional, professional services in a cost effective manner. Fastax & Accounting, Inc. is a full-service accounting firm serving clients throughout the Winter Garden, Florida area, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.
On this website, you will find information about Fastax & Accounting, 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. Whether you are an individual or business in or around Winter Garden, Fastax & Accounting, Inc. has years of valuable experience assisting professionals with their accounting needs.
On this website, you will find information about Fastax & Accounting, 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. Whether you are an individual or business in or around Winter Garden, Fastax & Accounting, Inc. has years of valuable experience assisting professionals with their accounting needs.
Services
For years, Fastax & Accounting, Inc. has been providing quality, personalized financial guidance to local individuals and businesses.
Fastax & Accounting, Inc.'s expertise includes tax management, accounting services, financial statements, and financial planning.
Fastax & Accounting, Inc. is one of the leading firms in and throughout Winter Garden.
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.
Fastax & Accounting, Inc.'s expertise includes tax management, accounting services, financial statements, and financial planning.
Fastax & Accounting, Inc. is one of the leading firms in and throughout Winter Garden.
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.
At Fastax & Accounting Inc, we assist our clients by uncovering the key success factors in their business to maximize revenues and minimize expenses.
This is done through exceptional, professional services in a cost effective manner.
We prepare all tax forms for Corporations, Partnerships, Non-Profits & Individuals.
Our policy is to prepare all our returns in the most effective tax manner minimizing our clients' tax position.
We will advise on all changes/revisions to the tax laws, discuss how they may affect you and recommend tax-saving strategies.
This is done through exceptional, professional services in a cost effective manner.
We prepare all tax forms for Corporations, Partnerships, Non-Profits & Individuals.
Our policy is to prepare all our returns in the most effective tax manner minimizing our clients' tax position.
We will advise on all changes/revisions to the tax laws, discuss how they may affect you and recommend tax-saving strategies.
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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