Alexander CPA Services

Alexander CPA Services Small Business Consultant Including:
Bookkeeping
Tax Returns
Bank Reconciliations

08/11/2021

Attention late Income Tax Filers!!
If you filed for an extension, please read the following.
Businesses have until 9-15-21 to file their 2020 tax returns.
Personal Returns are due 10-15-21.
Have a great day and please let me know if I can help with your accounting and/or tax returns.

Thank you.

04/19/2021

Please remember.... Deadline for filing your 2020 income taxes for Texas residents is June 15th, 2021. For all other states it is May 17, 2021.

02/12/2021

I hope everyone is staying safe and warm inside your abode.
Please remember to give me a call or send me a message if you need help with filing your taxes this year.
Thank you for all of your comments and questions.

01/20/2021

Remember, it is getting close to that time of year again. No, I do not mean the Super Bowl.
Unfortunately it is almost tax time. BUT, thank goodness you have a friend who can prepare your tax return accurately, with little stress and at a reasonable rate for your particular return.
Just give me a call or a message.

12/26/2020

I hope all of you had a very Merry Christmas yesterday. I had brunch and opened gifts with my daughter and the rest of her family. It was a pleasure to be with them on a beautiful Christmas Day like yesterday.
Please continue to stay safe and I wish you ALL a very Happy New Year!!

12/11/2020

Just an FYI thing....

The 2021 401(k) contribution limit remains at $19,500. For those of you who are 50+ years old, you may contribute an additional $6,500.

The 2021 SS wage limit is $142,800, an increase of $5,100 over 2020.

12/03/2020

If you own your own business and take deductions for use of your personal vehicle, for the year 2020, that deduction is $0.575 per mile.
Ever since I have been preparing tax returns, I have found that using the mileage deduction is far better than actual expenses.
If you use actual expenses and you DO NOT have any major repairs, then the mileage deduction is far better than gas, oil and minor repairs.
Another reason to use miles. If you have a client at your church or the grocery store and you talk to them every time you are there, then you can claim that mileage as a business expense because you talked to a client. That is a lot to keep up with, but if you have a small calendar or notebook in your vehicle, you can write down the date and to whom you spoke.
Once you know the distance it is to and from these places, the total miles are easy to figure.
So, if you drive 10,000 miles for work in 2020, your business deduction would be $5,750. I could go on about the cost, but that would bore most of you.

11/27/2020

I hope everyone had a wonderful Thanksgiving Day yesterday. I visited my daughter and her family. They had a smoked ham, I made my mom's famous apple cake and my daughter and grand-daughter made pecan pies. The visit was warming to our souls.

Please stay safe.

11/23/2020

Personal Property Tax
If you own a house or other property in the state of Texas, you MUST pay your property taxes by the end of January 2021. However, if you want to take the personal property tax expense as a tax deduction in 2020, you must pay the taxes in 2020.

Business Property
If the financial data for your business is run on the "accrual basis", then the taxes can be accrued in December 2020 and paid in January 2021. Since the taxes are accrued, they will be included in your yearly P&L statement and therefore deducted as an expense on your 2020 tax return.

10/24/2020

I’m a retired CFO with over 30 years of experience in corporate accounting, my CPA license since 1993. I’ve done small business and consultant’s bookkeeping and tax prep for almost 20 years. It would be my pleasure to assist your business in their accounting and tax needs or your personal household as well.

Address

Arlington, TX
76006

Telephone

+18175075405

Website

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