Tax Tip Tuesday with PorterKinney CPA Firm in Richland, WA Should you have your taxes prepared near the bread isle in a grocery store? In today’s Tax Tip Tuesday 2-minute interview, Chris Porter explains why this is generally a bad idea. #TaxTipTuesday Consult with a local tax professional if you need additional help with your 2019 tax return. PorterKinney, PC 1100 Jadwin Ave, Suite #200 Richland, WA 99352 509-713-7300 firstname.lastname@example.org https://www.facebook.com/PorterKinneyPC
Tax Strategies to help you as we end 2018 1. Make a charitable donation. If you are thinking about donating to a charity or church, why not do it before the New Year? Money and items donated to a charitable organization in December will likely generate tax savings a year earlier than January donations as long as you itemized deductions. If you donate appreciated stocks held for longer than a year, you will receive a tax deduction while avoiding capital gains. 2. Clump similar expenses into the same year. The new 2018 standard deduction has increased to $24,000 (MFJ) and $12,000 (Single). Some taxpayers may benefit by clumping itemized deductions into one year. For example, if a married couple has $10,000 of mortgage interest, $4,000 of property taxes, $2,000 of sales tax and $7,000 of charitable contributions, they have $23,000 of itemized deductions, which falls just short of the $24,000 standard deduction. In this case, they would not reap a tax benefit for their charitable donations. If, instead of donating $7,000 to charity each year,
As voted by the people, PorterKinney PC is the best certified public accounting firm in the Tri-Cities. Starting his career out of his home on the kitchen counter doing tax returns, Chris Porter eventually partnered with Walter Kinney to form the accounting firm PorterKinney PC in 2014. PorterKinney PC offers tax preparation for individuals and businesses, bookkeeping for companies and handling payroll for businesses around the Tri-Cities. Business consulting services, including the creation of business and marketing plans, are also offered to the public. What sets PorterKinney PC apart from the competition is being a tax firm with a strong focus on strategic tax planning. Customizing services to each scenario it encounters allows PorterKinney to actually save the most money possible with customers. As Porter put it, “we don’t want to be a data entry assembly line. We right-size the customer. Experience, strategy, clarity and responsiveness is what sets us apart.” Thank you for your support and we really appreciate the Tri-City Herald for putting this together!
Tax Tip Tuesday with PorterKinney CPA Firm in Richland, WA Today is Tax Day! Curious about your options if you don’t get your taxes filed by midnight? In today’s Tax Tip Tuesday 2-minute interview, Monique Hauck talks about filing extensions. #TaxTipTuesday Consult with a local tax professional if you need help filing your tax return. PorterKinney, PC 1100 Jadwin Ave, Suite #200 Richland, WA 99352 509-713-7300 email@example.com https://www.facebook.com/PorterKinneyPC
Disclaimer: While PorterKinney PC has made every attempt to ensure the accuracy of this document, it is not responsible for any errors or omissions, or for the results obtained from the use of the information in this presentation. This document been prepared for information purposes and general guidance only and does not constitute legal, accounting or other professional advice. Circular 230 Notice: The information included in this presentation is not intended or written to be used, and it cannot be used, by any taxpayer for the purpose of (1) avoiding tax-related penalties or (2) promoting, marketing, or recommending to another party any tax related matters.