On this website, you will find information about Wadsworth, Humphress & Hollar P.A., including our list of services. We have also provided you with online resources to assist in the tax process and financial decision-making. These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites. Whether you are an individual or business in or around Tallahassee, Wadsworth, Humphress & Hollar P.A. has years of valuable experience assisting professionals with their accounting needs.
Services
Wadsworth, Humphress & Hollar, P.A. was founded in 1969 by the late Glenn Krause. James Wadsworth and John Humphress were admitted as partners in 1973 with Robert Hollar in 1999. WH&H is experienced in all phases of Federal income taxation featuring an extensive practice which includes individual, partnership, LLC and corporation income tax preparation and tax planning.
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.
These calculators have been provided as a resource for you to help plan your financial matters. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice, or supplement the advice of a professional advisor.
Reviews (1)
Andrew Rassweiler
Apr 13, 2018
