Hollis CPA Firm

Certified Public Accounting Firm Located In Austin

Specializing in Tax Preparation, Bookkeeping, Entity Formations and consultations for small business.

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2019 W-2 AND 1099-MISC FILING DEADLINES

2019 W-2 AND 1099-MISC FILING DEADLINES - https://mailchi.mp/e2d9f2a40e10/2019-w-2-and-1099-misc-filing-deadlines-1690041

mailchi.mp We are notifying you regarding the due dates for year-end W-2 and 1099-MISC filings. The Social Security Administration and IRS deadlines to file the 2019 employer & employee copies of the W-2 and 1099-MISC filings are  January 31st, 2020. 

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2019 W-2 AND 1099-MISC FILING DEADLINES

2019 W-2 AND 1099-MISC FILING DEADLINES - https://mailchi.mp/12e5821b75f8/2018-w-2-and-1099-misc-filing-deadlines-1689825

mailchi.mp We are notifying you regarding the due dates for year-end W-2 and 1099-MISC filings. The Social Security Administration and IRS deadlines to file the 2018 employer & employee copies of the W-2 and 1099-MISC filings are  January 31st, 2020. 

mailchi.mp

2018 W-2 AND 1099-Misc Filing Deadlines

2018 W-2 AND 1099-Misc Filing Deadlines -

mailchi.mp We are notifying you regarding the due dates for year-end W-2 and 1099-MISC filings. The Social Security Administration and IRS deadlines to file the 2018 employer & employee copies of the W-2 and 1099-MISC filings are  January 31st, 2019. 

Start Filing Your Taxes with Hollis CPA Firm Today! ⏰📞💻

Start Filing Your Taxes with Hollis CPA Firm Today! ⏰📞💻 -

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[12/29/17]   5 Personal Year End Tax Tips That Will Save You Money
December 2017
Dear Client:

The year is coming to an end. However, you still have enough time to save money on your personal taxes by following these 5 tax tips from Hollis CPA Firm. Keep in mind that all of the tax brackets are being lowered in 2018, so you generally can save tax dollars by pre-paying (either online or by mail) deductible expenses by 12/31/2017 instead of paying them next year.

In addition, the Standard Deduction will be increasing to $12K for individuals and $24K for married couples in 2018, so if you typically itemize (on Schedule A) and your itemized deductions will be below these amounts, you'll want to capture all of the expenses you can that are listed below in 2017:

1. Prepay Next Year's Deductible Home Expenses
If you think you need more tax deductions, consider prepaying future tax-related home expenses in 2017. Also, be sure to pay your property tax bill in December (and not in 2018). These home expenses include property taxes and home mortgage payments. This is a great way to get ahead going into the current year.

2. Donate to Your Favorite Charity
If you itemize, you can donate to your church or favorite charitable organization in the form of cash, goods (food, clothing and household items), or stocks and deduct them on your tax return. Regarding stocks, consider giving the investment directly to a charity rather than selling the stocks, because you can deduct the current market value of the stocks and avoid capital gains taxes.

3. Contribute the Maximum to a Retirement Plan
Contributions to 401(k) or IRA plans can help reduce your current year taxable income. If your maxed out on your 401(k), consider contributing to an IRA. You have until April 15th, 2018 to contribute to an IRA for the 2017 tax year.

4. Harvest Investment Losses
Consider selling investments at a loss before year end. If capital losses exceed capital gains, you can use up to $3,000 of the losses to offset your salary or any other ordinary income.

5. Consider Prepaying Unreimbursed Job & Misc. Expenses
Itemized deductions that are subject to a 2% floor of AGI are going to be eliminated in 2018, so consider prepaying any of these types of items such as investment fees, unreimbursed job expenses, tax preparation fees, investment fees and safe deposit box fees. Prepayment of these expenses in 2017, allows you to deduct them on your 2017 taxes since they are no longer able to be deducted under the new tax law in effect in 2018.

Act now, because you need to complete these by December 31st in order to take advantage of personal tax strategies that will save you money by year end.

Please contact me by email at [email protected] if you have questions about your specific tax situation or have questions related to any of the strategies outlined above.

Sincerely,

Cameron Hollis, CPA

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Tax Season is Now Open - Start Filing Taxes with Hollis CPA Firm Today! ☎ 💻 📧

Tax Season is Now Open - Start Filing Taxes with Hollis CPA Firm Today! ☎ 💻 📧

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2016 Year End Personal Tax Strategies from Hollis CPA Firm

2016 Year End Personal Tax Strategies from Hollis CPA Firm

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Year End Business Deductions from Hollis CPA Firm

"Like" our Hollis CPA Firm page if you will use these Year End Business Deduction Tax Tips!

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2016 W-2 and 1099 Deadlines Changed: January 31st, 2017 - Hollis CPA Firm

2016 W-2 and 1099 Deadlines Changed: January 31st, 2017 - Hollis CPA Firm

us6.campaign-archive1.com We wanted to notify you of a change to the due dates for year-end W-2 and 1099-MISC filings. The Social Security Administration and IRS have updated the deadlines to file the 2016 employer copies of the W-2 and 1099-MISC filings to January 31st, 2017.

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2015 Tax Organizer & New Electronic Link from Hollis CPA Firm

2015 Tax Organizer & New Electronic Link from Hollis CPA Firm

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1099 Reporting Reminder from Hollis CPA Firm 📅📝📨

1099 Reporting Reminder from Hollis CPA Firm 📅 📝 📨

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Happy New Year ~ 2016 ~ from Hollis CPA Firm 🎆🎉🎇

Happy New Year ~ 2016 ~ from Hollis CPA Firm 🎆🎉🎇

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irs.gov

The Individual Shared Responsibility Provision brings changes to 2014 Income Tax Returns

http://1.usa.gov/1L52dl7 Curious about the Health Care Law's effect on your federal tax liability? Call us to setup an appointment #taxes

irs.gov When filing your 2014 federal income tax return, you will notice some changes related to the individual shared responsibility provision of the Affordable Care Act.

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Start the New Year Right with a New LLC!

Start the New Year Right with a New LLC!

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Happy Holidays from Hollis CPA Firm

Happy Holidays from Hollis CPA Firm

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[11/19/14]   Did you pay in enough taxes for 2014? IRS says taxes should be paid as money is earned, you might incur a penalty if you didn't pay in enough taxes. We use our personalized software to calculate how much estimated taxes to pay in. Call us at (512) 539-0440 to know how much taxes you should have paid the IRS for 2014!

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Austin BOSS Group

Join us on a Thursday night on Aug 28th for some FREE tax advice on maximizing deductions and avoiding audits, FREE pizza, networking and FREE massage certificates to relieve that tax stress =) RSVP here: http://www.meetup.com/AustinBossGroup/

meetup.com Many new businesses start every week in Austin. It's tough to manage all the aspects of starting your own business. From marketing, to hiring and managing, to bookkeeping, paying taxes, social media,

meetup.com

Austin BOSS Group

Join us for our next Meetup event this Friday, June 27th at 12:00PM at Mangia Pizza! We will be discussing college savings plans and estimated taxes over free pizza and refreshments. Please RSVP to this event here: http://www.meetup.com/AustinBossGroup/events/187607922/

meetup.com In our next meeting we will be talking about some great college savings plans and also about estimated taxes and how they work =) With June graduations on the horizon you may be thinking about colleg

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Austin BOSS Group

If you have a small business and are paying too much taxes for it, come out to my FREE seminar where I'll be giving tips on how to reduce those tax liabilities. RSVP for my event here:
http://www.meetup.com/AustinBossGroup

meetup.com Many new businesses start every week in Austin. It's tough to manage all the aspects of starting your own business. From marketing, to hiring and managing, to bookkeeping, paying taxes, social media,

Hollis CPA Firm's cover photo

[01/29/13]   Tax Returns With Education Credit On-Hold Until Mid February -
The IRS will begin accepting e-filed tax returns on January 30th, however if you are filing a form 8863 for Educational Credits, you'll need to wait until mid February to file while the IRS updates their programming that processes these forms. Form 8863 is used to file the American Opportunity Tax Credit and the Lifetime Learning Credit. Please contact me at (512) 539-7191 if you have any questions or need assistance in filing your tax return.

[01/10/13]   1099 Reporting Reminder: If you conduct a business and you pay certain individuals or service companies $600 or more in 2012, then a 1099 will need to be processed by January 31, 2013. Typically, contractors, service companies, physicians and property owners should all receive a 1099. A W-9 form needs to be requested by the payer in order to collect the necessary information that is reported on the 1099. Please contact me if you need help with this reporting process.

news.yahoo.com

With hours left, Congress racing to ‘fiscal cliff’ deal

Great News! A Deal has been reached! Looks like we are going to avoid the Fiscal Cliff! Highlights are: 1) Taxes raised 4.6% only on incomes above $400K (individual) and $450K (households) 2) Estate Taxes to be raised 5% on inheritances over $5 million. 3) Extending Unemployment benefits for 1 year. 4) Extending tax credits for families with children. 5) Extending the college tuition tax credit 6) Extending the clean energy credit.
http://news.yahoo.com/blogs/ticket/last-minute-fiscal-cliff-deal-outlines-emerging-181845501--politics.html

news.yahoo.com Facing a fast-approaching midnight deadline, the polarized U.S. Congress raced against the clock late Monday to approve a deal sparing all but a sliver of the richest Americans from an income tax hike. Fractious lawmakers faced calls to action from President Barack Obama and fears of plunging the fr...

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holliscpa.com

Hollis CPA | Austin CPA Firm | The Solomon Group


When you use your car for business, or your business owns its own vehicle, you can deduct some of the costs of keeping it on the road. Mastering the rules of car expense deductions can be tricky, but well worth your while. There are two methods of claiming expenses: The Actual expense method. Where you keep track of and deduct all of your actual business-related expenses or the Standard mileage rate method where you can deduct a certain amount for each mile driven, plus all business-related tolls and parking fees. For 2012, the standard mileage rate is 55.5 cents per mile. As a general rule, if you use a newer car primarily for business, the actual expense method provides a larger deduction at tax time. The reason is that if you use the actual expense method, you can also deduct depreciation on the vehicle. To qualify for the standard mileage rate, you must use it the first year you use a car for your business activity. You can't use the standard mileage rate if you have claimed accelerated depreciation deductions in prior years, or have taken a Section 179 for it, which is the full deduction for business property under a certain amount. If your auto is used for both business and pleasure, only the business portion is tax deductable. That means you must keep track of how often you use the vehicle both for business and for personal reasons in order to calculate a % business use for the year.
I hope this information helps you understand a little more about the auto expense deduction. If you have any questions, please contact me directly at (512) 539-0440 or through my website www.holliscpa.com

holliscpa.com Cameron Hollis CPA provides complete financial services to businesses and individuals in Austin, TX. We meet each client’s needs in planning for the future. Call (512) 539-0440

[02/02/12]   If you own a small business and are suffering from the self-employment tax blues, consider forming an LLC and taking an S-Corp election on Form 2553. This simple election could save you potentially thousands of dollars in self employment taxes when properly filed and structured as an entity rather than running your business a sole proprietor.

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Telephone

Address


5766 Balcones Dr, Ste 204
Austin, TX
78731

General information

Hollis CPA Firm provides a broad range of accounting, tax, bookkeeping, and consulting services to individuals and small businesses in various industries. In addition to our standard accounting services, we also provide more in-depth services such as: Business entity formations, complete accounting system set-up, accounting conversions to new systems, internal control design, internal audit, financial analysis, cash management, tax compliance and tax representation. All of our services are delivered with the underlying philosophy of "doing what it takes" to serve every client to the best of our ability. Our mission is to assure that clients maintain financial viability in the present while taking a proactive approach to achieve future goals. This requires open communication to understand the clients' needs, thorough research, and sound analysis. Our firm is dedicated to meeting these goals with high standards of excellence and professionalism.

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00
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