September 5, 2017
Where has the Summer gone? Where has 2017 gone? Here we are in September already. Estimated tax payments for the 3rd quarter are due, Hatch Green Chile is being roasted, and the Albuquerque International Balloon Fiesta is fast approaching.
We better get after checking on income levels and tax liabilities for 2017. For our clients who receive outsourced accounting (we provide accounting and payroll services) these calculations come from us directly. So be prepared as we march toward the finish line for 2017.
For our client who think their income levels have changed for 2017, give us call or an email to review your situation to make sure your estimated tax payments and withholding are on track. Maybe you changed jobs, received a promotion, have more or less capital gains from stock and mutual fund transactions, sold real estate, or are newly retired. There are dozens of reasons for changes to your tax return and we are here to assist you with planning opportunities as 2017 comes to a close.
Allow us to focus on your tax and accounting needs so you can concentrate on your business, career or retirement.
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Was your 2016 Schedule A, line 9 close to or in excess of $10,000 ?
For most of our clients and friends the answer is YES.
An item that you may have control over as 2017 comes to a close are taxes paid.
The new tax law will limit your deduction on state, local, personal property and real estate tax to $10,000 in 2018 and forward. This...
There is still time to make moves to reduce your 2017 tax bill, but the final curtain is quickly closing. There is much debate over potential health care legislation and tax reform in Washington, DC, but major changes have yet to occur. This means any tax reform is likely to take center stage in 2018. Until then consider the following strategies:
As many as 143 million Americans were exposed in this most recent hack. They reported it to the public in September but discover the hack on July 29th. Why the delay?
The theft obtained consumers' names, Social Security numbers, birth dates, addresses and, in some cases, driver's license numbers. Such sensitive information can be enough for crooks to hijack the identities...