Have you made your St. Patrick's Day plans?

Las Vegas St. Patrick's Day Guide!!

(Click the link above for more information)

 

Reconnect with your Irish roots or be an honorary Irishman this St. Patrick's Day, and check out the parties, pubs/restaurants and entertainment for the weekend.

Don’t Put Off Tax Filing Until April.

We are all professional procrastinators at times.  This is especially true at tax time.  Over 150 million Americans have to face this task again in 2017.  One out of every seven citizens put off tax filing until the last possible minute!  This year the filing deadline is April 18th (luckily) since the 15th falls on a Saturday.

There are many reasons to file BEFORE mid-April –

1.  New tax laws may have been enacted that could affect your return.

2.  Let’s face it…if you have a refund coming then you will get it quicker.

3.  Busy professional tax preparers.

4.  Your own peace of mind.

You have known this was coming for a couple of months already.  Now it is time to get serious about it.  Call professional Las Vegas tax preparer Michael Mathews.  Don’t procrastinate another day!  Make an appointment to have your taxes properly prepared and submitted at his beautiful office located 2620 Regatta Dr. Suite 102 by calling (702) 240-5237.

Possible Changes to Tax Laws.

Perhaps now more than ever it is imperative to understand the impact that the new administration will have on taxes not just this year, but for the years to come.  A new President brings a different approach to the American economy.  It starts now as you plan and execute your financial strategies for the remainder of this year.

Here is a brief idea of what President Trump and his staff are proposing -

1.  Reduction in three specific tax brackets - including the elimination of additional healthcare tax.

2.  Big changes in estate tax.  There may soon be a complete elimination of the estate tax structure.

3.  A cut in business taxes.  The President campaigned on a pro-business platform.

All of this and more should be understood as you file your taxes over the next couple of months.  If it does not directly affect you now, then it probably will soon.  This is the perfect year to hire a new Las Vegas tax accountant.  The right choice for you may be Mike Mathews.  He will address your accounting needs now and in the future.  Arrange an appointment today at his Northwest Las Vegas office by calling (702) 240-5237.

Required Minimum Distributions.

Here in the heart of the tax season it is important to cross your t’s and dot your i’s.  How long have those retirement funds been sitting in your account?  They can’t stay there indefinitely.  Generally speaking, you must begin withdrawing funds from IRAs by the time you reach 70 ½ years of age.  Roth IRAs are the exception.

Of course, the amount that you withdraw will be included in your taxable income.  That excludes any part that was already taxed when it went in.  Calculating the proper amount to take and even more importantly WHEN to take it might be something that you want a professional accountant to weigh in on.

We know the right person for all of your tax preparation and accounting needs.  He is Las Vegas tax preparer Mike Mathews.  You will appreciate his hard, detailed work as if the money were his own.  You also will enjoy the serenity of his office in The Lakes located at Regatta Drive.  Call him to make your 2017 tax preparation appointment at (702) 240-5237.

It’s Tax Time.

Nobody is a big fan of filing their taxes.  Even if you think you have a refund coming it is still imperative that you give this task prime consideration this time of year.  You should do that for a couple of reasons - if you have a refund why not grab it sooner than later?  And the obvious, it is going to get busier and busier at Las Vegas accounting offices.

Here is a partial checklist of what to bring to the table –

1.  Any and all W-2’s

2.  1099’s with any interest that you have accrued in 2016

3.  Stock and other dividends that you received last year

4.  Unemployment compensation

5.  Social security benefits

Of course, there is more to consider, especially if you are a Nevada business owner.  Like it or not, the time is nigh.  Getting your taxes prepared by the right person is vitally important.  If you can, resist the urge to have them prepared at a “cookie-cutter” location with a national name.  Call a real Las Vegas CPA professional - Mike Mathews from www.accountant-lasvegas.com at (702) 240-5237 and make an appointment at his Regatta Drive location.

Happy Tax Year.

Oh, come on.  Happy tax year?  Well, it is a New Year reality.  If you’re on top of your personal finances it is not something that you put off until mid-April…or mid-March if you own a business.  The financial statements will soon start appearing in your mailbox.  Gather them together and make an appointment.  If you have a refund coming don’t you want to know sooner rather than later?

Start the process by getting to know a good certified public accountant in Las Vegas.  Retain the services of someone with many years of experience in handling individual AND business tax returns.  Try not to fall into the trap that so many do and just pull in to that strip mall where you see the teenager with the spinning sign.  You want and need personal attention at tax time.

The proper advice and counsel from a great CPA is worth its weight in gold.  It is like so many other services.  If you try to get by on the cheap you will pay dearly for it later.  May we suggest Las Vegas CPA Michael S. Mathews?  He will represent you every step of the way during the process including answering IRS questions in a timely fashion.  Call him in January to make an appointment at his beautiful office in Northwest Vegas at (702) 240-5237.

Was 2016 Your First Year as a Business Owner?

If this year was your inaugural year as the owner of a business in the state of Nevada congratulations!  You are both adventuresome and courageous.  You knew going in that there could be a change in administration.  And while things remain at status quo on a state-wide basis the nation at large will probably undergo some changes business-wise in the next four years.

Did you mark March 15th on your calendar?  What…MARCH 15?  Haven’t you always filed your taxes on April 15th?  That is true, but for business owners the tax deadline is one month earlier.  That is only 3 months away and you have far more paperwork to consolidate this tax season than you did in the past so it is not too soon for a head’s up.

Before March 15th you will need to hire a trained CPA to sort through your first year’s business accounting.  In our growing city, here is a great choice - Las Vegas CPA, Michael S. Mathews.  From his picturesque office located at 2620 Regatta Drive in NW Las Vegas he will sit down with you and discuss your initial year in business.  Make an appointment with Mike soon at (702) 240-5237.