Since 1955, McMahon Vinson & Hubbard, LLP has been providing quality, personalized financial guidance to local individuals and businesses. Our expertise ranges from basic tax management and accounting services to more in-depth services such as business consulting, business valuations, financial, business and tax planning, litigation support and payroll services.
McMahon Vinson & Hubbard, LLP is one of the leading firms in and throughout the West Texas area. By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve.
McMahon Vinson & Hubbard, LLP is one of the leading firms in and throughout the West Texas area. By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve.
Services
McMahon Vinson & Hubbard, LLP provides a wide range of services to individuals and businesses in a variety of industries. At McMahon Vinson & Hubbard, 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.
McMahon Vinson & Hubbard, LLP is a full-service accounting firm serving clients throughout the area, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs. On this website, you will find information about McMahon Vinson & Hubbard, LLP, including our list of services.
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.
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