Its tax time again! Make an appointment now get expert help on your 2017 tax returns and to learn how to take advantage of the new tax regulations
It’s 2018 and a new tax law has been passed. Now is the time to plan and take a proactive approach in anticipation for the new tax regulations. Get in touch with us. Katz accountants are ready to provide expert advice regarding the new tax rules.
Time For Your Tax Planning
You have until Dec 31 to make financial decisions and transactions that can make a big difference in your tax exposure. Contact us now to set up a meeting with our experienced tax experts and insure that you have done everything to minimize your tax exposure.
Bethesda’s Leading Accountants
Katz & Co. is a full-service accounting firm, located in Bethesda, Maryland. Our Bethesda Accountants provide individual, corporate and international clients with a wide range of accounting, auditing, tax and financial services. For more information regarding our services and how you could benefit, please contact Contact Us Today.
With over 35 years of successful service, Katz & Co accountants and tax experts can apply their expertise to solve existing problems, prevent future issues and help you and your business keep your money and grow.
Experienced Accountants Make a Difference
With Katz & Co you can count on working with Bethesda accountants that are consistent, reliable and experts in their field. We have a combined 35 years of practice that translates into real accounting knowledge. Your accounting needs are not something to take lightly, so why not let your experienced accountants assist you.
At Katz & Co., we help our clients “Think” ahead to achieve long-range financial goals. Our experienced Bethesda accountants provide ‘services in QuickBooks, accounting, auditing, tax preparation, business formation, estate planning and more. All of these services are carried out by our experienced accounting staff.
Tax Planning and Preparation Services offered by our trusted Bethesda accountants
Our experienced Bethesda accountants will assist you with their superb tax planning and preparation services. Katz & Co has been providing financial personal tax return preparation services to individuals for over thirty years. Many of our clients have continuously come back to us each year because they know that we will do everything that we can to ensure they keep as much money as possible. Our repeat clients also know that our experienced Bethesda accountants are experts in complex tax policies that routinely change and are often difficult to understand.
Now that we are in the final quarter of 2017, it is time to think about the possibility of reducing this year’s, and possibly next year’s, tax liabilities. Year-end tax planning this year will be affected by various court cases, IRS rulings, action (or inaction) by Congress, as well as expiring tax breaks. The main issues to discuss include:
- Proposed tax policies from the new Presidential Administration
You have likely heard that the new administration is proposing some fundamental changes to the tax code. Some of the most sweeping changes may include new income tax rates with fewer tax brackets, a significant increase in the standard deduction, elimination of personal exemptions and the AMT, elimination of the Net Investment Income tax and Additional Medicare Tax, new tax breaks for child and elder care, and the possible elimination of the estate tax.
- Disclosure of Foreign Accounts
Regardless of other potential tax policy modifications, the IRS will continue to look closely at offshore accounts. If you have an account, retirement account, or business interest with a value over $10,000 in a foreign country, or a foreign business ownership (not through a mutual fund), please let us know as some special rules do apply to you and there are substantial penalties for failure to disclose this information to the IRS.
- The future of the Affordable Care Act
All Americans have been affected in some manner by the Affordable Care Act during the past few years, and statements made by the incoming presidential administration suggest that tax implications of maintaining health insurance coverage will again change in 2017.
Before this calendar year ends, there are opportunities to defer or accelerate income, accelerate or defer expenses and other opportunities to possibly lower your taxes, such as the use of Net Operating Loss (NOL) or creating capital losses. If you would like us to review with you the potential specific savings available to you, please call us to schedule an appointment.
Small Business Accounting Services and Payroll
At Katz and Co., we take pride in our small business accounting and payroll services. As a small business owner, your time is limited and valuable, which is where we help. We give you the time you need to invest in your business by taking care of time-consuming and tedious payroll duties.
As certified QuickBooks experts we can help you and your business take advantage of all the new technologies, help you automate your accounting and reporting process and greatly simplify tax reporting and support.
We ensure that your payroll is correct, taxes properly paid and vacation and leave time is accurately accounted for. You have enough to worry about, so let us make your job easier.
We understand that you have worked hard to acquire your savings and wealth. However, have you considered what will happen to your hard-earned assets during retirement and after death? Our leading Bethesda accountants are experts in estate planning and understand how important it is to you that your personal assets are distributed in accordance with your wishes. Having an estate plan is crucial and without one, your assets will be excessively taxed by the state not distributed to your liking. At Katz and CO., we make sure that your beneficiaries receive the maximum amount possible when the time comes to distribute your assets. Let us create an estate plan for you, so you can take care of your loved ones.
Accounting News and Advice
Visit our News Pages for continuing information on tax issues, news and financial advice that will help you keep your money! We are the Bethesda Accountants that you can trust, and we are here to help you stay informed.