Located in High Point, North Carolina, Odom & Company, LLP has served clients throughout North Carolina and the Southeast for more than fifty years. Our partners and staff make you and your business our priority. Whatever your needs, we will take the time to listen and help you form a plan that provides a successful solution. Your success is our success.
Let our integrity, service and knowledge give you peace of mind in knowing that we are here for you! We provide a wide range of services to individuals and businesses in a variety of industries.
Let our integrity, service and knowledge give you peace of mind in knowing that we are here for you! We provide a wide range of services to individuals and businesses in a variety of industries.
Services
Odom & Company, LLP is one of the most trusted and experienced CPA firms in High Point, North Carolina. We have been in the business of helping our client's navigate the complex world of accounting and tax laws for more than fifty years. Our firm consists of experienced accountants focusing on your needs in the areas of accounting, tax planning and preparation, financial, retirement and estate planning, and divorce planning. At Odom & Company, LLP we are committed to providing quality services in a timely manner.
Odom & Company, LLP provides a wide range of services to individuals and businesses in a variety of industries. At Odom & Company, LLP, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. At Odom & Company, LLP, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
Have you just started a new business? Did you know expenses incurred before a business begins operations are not allowed as current deductions? Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins. However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred. The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Following are some generally recognized financial planning tools that may help you reduce your tax bill. Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Reviews (2)
Kathryn Field
Oct 04, 2021
James Hipp
Sep 25, 2021
