For over thirty years, Fyffe Jones has been providing quality, personalized financial guidance to local individuals and businesses abroad. We provide services in a variety of industries. The Firm will strive to meet each client's specific needs in planning for the future and achieving their goals.
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The Fyffe Jones Group, AC was founded in 1984 by Terry R. Fyffe and J. Michael Jones providing offices across the tri-state region in Ashland KY, Huntington WV, and Portsmouth OH. We believe in the value of relationships. We treat each client relationship like a partnership so that our success is a result of their success!
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.
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Penny Whitt
Apr 16, 2022
