Merrill Accountancy Corporation is a full-service accounting firm located in Auburn, California, serving clients throughout the foothills and the greater Sacramento area, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs. On our website, you will find information about Merrill Accountancy Corporation, including our list of services. We also provide you with online resources including downloadable tax forms and publications, financial calculators, news and links to other useful sites.
Services
Merrill Accountancy Corporation provides a wide range of services to individuals and businesses in a variety of industries. At Merrill Accountancy Corporation, 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.
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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