Tax Planning and Preparation
- Proactive tax planning
- Guidance on proper tax deductions and explanation of law.
- Periodic meetings with clients to determine estimated tax position before filing.
- Review of previous filed returns to determine additional deductions and tax savings scenarios
CFO Consulting & Management Consulting
- Analysis and review of your company’s financial operations
- Cash flow management and forecasting
- Internal reporting, benchmarking and dashboard monitoring
- Human Resource Management and Benefits Advising (payroll, health insurance, retirement plans)
Accounting
- Preparation of financial statements (Balance Sheet, Income Statement and Statement of Cash Flows)
- Income and expense budgeting and analysis
- Setup and maintenance of accounting software
- Accounting software conversion from desktop to cloud-based applications
Why should you work with Featherstone?
What we do
- Featherstone LLC offers complete accounting and tax services for small to medium sized businesses.
- The company seeks to provide its business partners with sound advice in areas ranging from accounting setup through financial operations.
- With a hybrid background in both the public and private accounting areas, we bring the knowledge of working with many companies at once and the depth of working within just one.
Translating something complex into something easy to understand
- The members of the Featherstone team care about the success of their clients and seek to assist clients in understanding why accounting and tax matters are addressed a certain way.
- We understand that the accounting and tax can be hard and complex. Our goal is to translate the law into layman’s terms so that it makes sense.
Taking the tasks off a busy owner’s plate
- As business owners, the Featherstone team understands how challenging it can be in the trenches of your daily operations yet still work on the business development for the company.
- Our goal is to assist with the tasks that are put off to a later date such as: daily accounting management, analysis of accounts, budgeting, financial forecasting and tax planning.
Have a question for a CPA? Ask us here
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This picture! 😳
At first glance, this might look like a subway map. This is the taxpayer’s roadmap through our internal revenue system.
https://taxpayeradvocate.irs.gov/Media/Default/Media/2020-JRC/TAS_Roadmap_32x32_FINAL-2.pdf
At first glance, this might look like a subway map. This is the taxpayer’s roadmap through our internal revenue system.
https://taxpayeradvocate.irs.gov/Media/Default/Media/2020-JRC/TAS_Roadmap_32x32_FINAL-2.pdf
taxpayeradvocate.irs.gov
taxpayeradvocate.irs.gov
Employers - some dates to remember in your tax planning.
July 15 - For Social Security, Medicare, withheld income tax, and nonpayroll
withholding, deposit the tax for payments in June if the monthly rule applies.
July 31 - For Social Security, Medicare, and withheld income tax, file Form 941 for
the second quarter of 2019. Deposit any undeposited tax. If your tax liability is less than
$2,500, you can pay it in full with a timely filed return. If you deposited the tax for the
quarter in full and on time, you have until August 12 to file the return.
For federal unemployment tax, deposit the tax owed through June if more than
$500.
If you maintain an employee benefit plan with a calendar year-end, file Form 5500 or 5500-EZ for calendar-year 2018.
#taxplanning #featherstonecpa
July 15 - For Social Security, Medicare, withheld income tax, and nonpayroll
withholding, deposit the tax for payments in June if the monthly rule applies.
July 31 - For Social Security, Medicare, and withheld income tax, file Form 941 for
the second quarter of 2019. Deposit any undeposited tax. If your tax liability is less than
$2,500, you can pay it in full with a timely filed return. If you deposited the tax for the
quarter in full and on time, you have until August 12 to file the return.
For federal unemployment tax, deposit the tax owed through June if more than
$500.
If you maintain an employee benefit plan with a calendar year-end, file Form 5500 or 5500-EZ for calendar-year 2018.
#taxplanning #featherstonecpa
What requirements are there for an employer's reimbursement arrangement under the new tax law?
New Rules for Business Travel Deductions - Featherstone
Business travel is still tax-deductible, under the Tax Cuts and Jobs Act of 2017 (TCJA), but there is a major difference now. Relatively few individuals will be able to claim such deductions; for the most part, deductions can be taken only at the company level.
featherstonecpa.com
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Followers: 742
Saturday, January 23rd, 2021 at 11:53pm
@JoeSilverman7 I’ve never had one taxpayer offer to pay any more with their return than they are required to pay. Not one.
@JoeSilverman7 I’ve never had one taxpayer offer to pay any more with their return than they are required to pay. Not one.
Saturday, January 23rd, 2021 at 9:29am
@sweatystartup Great thread, Nick. I work with a lot of real estate investors and you mentioned a lot of the terms commonly used.
@sweatystartup Great thread, Nick. I work with a lot of real estate investors and you mentioned a lot of the terms commonly used.
Saturday, January 23rd, 2021 at 9:10am
@taxgirl @tax Following you wherever you go. Your writing and @TaxgirlPodcast keep me educated, enlightened and entertained about tax. Congrats on your new post!
@taxgirl @tax Following you wherever you go. Your writing and @TaxgirlPodcast keep me educated, enlightened and entertained about tax. Congrats on your new post!
Saturday, January 23rd, 2021 at 9:07am
@taxtherapist505 When one door closes, another opens. Swing it wide open.
Your former clients will find someone who fits and you will be more satisfied with your newer ones.
(It also helps to find a referral source for the older ones as that helps with the mental guilt.)
@taxtherapist505 When one door closes, another opens. Swing it wide open.
Your former clients will find someone who fits and you will be more satisfied with your newer ones.
(It also helps to find a referral source for the older ones as that helps with the mental guilt.)
Thursday, January 21st, 2021 at 11:44pm
#JohnBrennan is hard to stomach and easy to detest. After his comment on #libertarians he DESERVES this shellacking! Watch the 11pET replay of #Kennedy on @FoxBusiness https://t.co/Zd1N9ma3vY
#JohnBrennan is hard to stomach and easy to detest. After his comment on #libertarians he DESERVES this shellacking! Watch the 11pET replay of #Kennedy on @FoxBusiness https://t.co/Zd1N9ma3vY
Tuesday, January 19th, 2021 at 10:11am
@VTJenFen @SageSupport @Sage_Canada @SageUSAmerica Hey Jen...thanks for the reminder about these great resources.
@VTJenFen @SageSupport @Sage_Canada @SageUSAmerica Hey Jen...thanks for the reminder about these great resources.
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