Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.
Assisted living and nursing home expenses can quickly deplete your income and savings. One way to minimize their financial hit is being able to deduct them as medical expenses on your tax return. We’ll explain when you can do this.
Click Here to read the article.
Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.
The countdown to year end has begun. Our clients need to be thinking about their 2019 tax situations as your withholding may not be sufficient under the new tax laws and you may owe money with your tax returns unknowingly. There is still time to employ some tax-savvy moves that could potentially decrease this year’s bill. Tax reform legislation has changed the rules of the game, so it’s important to discuss end-of-year strategies with your tax advisor as soon as possible.
If you would like to schedule an appointment to find out potential tax saving opportunities and prevent a potential unpleasant surprise when we prepare your tax return next spring, please contact Mark.
Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.
Hope you and your family have a wonderful Thanksgiving!
Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.
Here’s an easy question: Do you need more 2019 tax deductions? If yes, continue on. Next easy question: Do you need a replacement business vehicle? If yes, you can simultaneously solve or mitigate both the first problem (needing more deductions) and the second problem (needing a replacement vehicle), but you need to get your vehicle in service on or before December 31, 2019. This linked article below helps you find the right vehicle for the deduction you desire.
Click Here to read article.
Mark Vitek, CPA/PFS, CFP®
…until next week.
Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.
Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.
This is the time of year in our CPA practice that I work with small business owners and individuals to perform tax checkups to help them project their tax liabilities for 2019 and make tax saving recommendations of moves they can make between now and year-end. Frequently, just defining the amount of taxes they owe via these planning services helps manage their cash flow so the businesses and individuals don’t have a big amount due and/or surprise each Spring when we prepare their tax returns.
For the business owner and individuals, one of the largest expenses can be taxes. For this reason alone, this expenditure requires planning and monitoring as any other major expense. A year end planning meeting with your CPA should include a discussion of:
This planning meeting should prepare the business owner or individuals to anticipate the amount of taxes that will be owed on March 15th (or April 15th if the tax burden flows through to the personal return). To be effective, tax planning needs to be done prior to New Year’s Eve.
Use our experience in year-end tax planning to enhance your bottom line. Give us a call if you would like to discuss your personal tax situation and see how we can save you taxes.
Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.
After over 30 years in the tax business, we continue to find that solid accounting and good communication with your CPA is the key to lowering taxes.
Solid bookkeeping for your business enables you to take the most deductions possible while minimizing taxes.
Year-end tax planning also helps to prepare for what to expect on April 15th, prevents unwanted surprises, and saves a lot of taxes for our clients through this valuable service we offer this time of year. We frequently save our fees through solid recommendations.
Business owners are always looking for ways to maximize profits and minimize expenses. Occasionally, you may be approached by folks other than us regarding estate or investment planning.
A quick (even 15 minute or less) phone call with your trusted advisor CPA about topics such as these can help you be confident that you have considered all the financial and tax impacts on you, your company and your family.
When you are considering any significant financial decisions, we are available.
Give us a call. Sometimes it can mean saving thousands of dollars.
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.Questions or Comments?
Mark Vitek, CPA/PFS, CFP®
…until next week.
taxandmoneyblog.com 