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Tax Tip

Defer Income

Most folks on salary don’t have much choice on when they get paid. But if you are one of the lucky ones in line for a year-end bonus, consider asking your employer to give it to you in January. Some companies will be able to help you out, but because of stringent rules, others can’t. If you have consulting income, you might want to delay billing so that you will get paid next year.

Source: Intuit Inc.

Our practice serves as tax advisors to individuals, businesses, government, and the not-for-profit community. We keep current on the latest tax laws in order to provide you with sound advice on the tax consequences of business and investment decisions, as well as tax-saving strategies. We are licensed by the state of Georgia and promise to provide independent, objective and honest advice for all of our clients.

 Some of the services we provide are:

  • Income Tax and Estimated Tax planning strategies
  • Preparation of individual and corporate tax returns
  • Estate, Trust and Gift tax returns
  • Family succession and tax planning
  • State and Federal audit representation
  • Business Accounting system and Resource reviews
  • Special financing, inventories, cost accounting, credit, and collection studies
  • Loan and credit application assistance

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Steve Bancroft, CPA © 2007
Email: webmaster@sbcpatax.com

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