Afshar CPA PC

I took that experience and started my own firm working with everyday families, small businesses as well as trust executors. My father was a small town doctor in the midwest and I knew that I eventually wanted to help people like him understand their data and use it to improve their bottom line.

Over the years, people have come to our office desperate for a professional to tell them what information they need to have ready for their tax preparation, how to set up their accounting so it's useful for the tax preparation, how to organize their data in the most meaningful way to produce financial reports and tax returns that reflect their situation.

We are proud to offer a wide range of services to individuals and businesses in a variety of industries. We strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.

The breadth of our tax service spans both personal federal and state returns as well as entity returns including those for C Corporations, S Corporations, Partnerships, Limited Liability Companies (LLCs), Trusts and Estates.We guide our clients through a full range of tax planning and preparation decisions with strategies that minimize tax liabilities and maximize cash flow, keeping you on track to your financial goals.

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.

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.

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.