The well-qualified CPAs at Peters & Chandler bring years of knowledge in tax law that will ensure your tax service needs are fulfilled. From tax planning and preparation to IRS representation, estate and trust tax preparation to estate planning, retirement planning to business entity selection, Peters & Chandler will provide you with the sound tax guidance you demand.
From preparing your company’s financial statements to providing thorough projections and analysis, Peters & Chandler has the skilled professionals you need for financial services. Our services include audits, reviews, and compilations, financial statements, financial forecasts and projections, cash flow and budgeting analysis, business succession planning, and buying and selling businesses.
Our experts at Peters & Chandler can help you gain control of your complex accounting dilemmas. We offer accounting services that include general ledger and financial statement preparation, bookkeeping (Monthly/Quarterly/Annual), accounting system setup for new businesses, business tax return preparation (sales and use/business property), and personal financial statements.
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Profit-Sharing Plans for Your Small Business
Business owners who want to sponsor a retirement plan for employees (including owner-employees) have many options from which to choose. Knowing the basics can help entrepreneurs make an astute decision. One choice is a profit-sharing plan. Despite its name, your company needn’t tabulate its earnings every year and divide that amount among its workers. Instead, […]
The “Other” Exchange-Traded Funds
Exchange-traded funds (ETFs) have become popular in this century, due largely to relatively low expenses and tax efficiency. (See the July 2016 CPA Client Bulletin for more on ETFs.) As the name indicates, ETFs trade like stocks, on an exchange, as opposed to mutual funds, which typically are bought from and sold to the sponsoring […]
Be Cautious With Hard-to-Value IRAs
A new year begins with celebrations, resolutions, and dual IRA opportunities. Most workers and their spouses have until April 18, 2017 (April 19 in some states), to contribute to an IRA for 2016. At the same time, contributions to 2017 IRAs are now permitted; the earlier money goes into the account, the more time for […]
Year-End Business Tax Planning
The PATH Act’s many provisions also include a permanent increase in the amounts allowed under IRC Section 179, which permits rapid deduction (expensing) of funds spent for business equipment. For 2015, expensing up to $500,000 of equipment was allowed with no phaseout beginning at $2 million of purchases. For 2016, the inflation adjusted amount is […]
Year-End Retirement Tax Planning
Many people save money for retirement in a traditional IRA. The funds might have come from annual IRA contributions, or from rolling over an employer sponsored retirement account such as a 401(k). Either way, the dollars in your traditional IRA are probably pretax, so they’ll be taxed on withdrawal. You can leave the money in […]
Year-End Planning for Medical Deductions
The PATH Act of 2015 is not the only recent tax law affecting year-end planning this year. One provision of the Affordable Care Act, passed back in 2010, comes into play now. For taxpayers age 65 or older, it may pay to incur optional medical expenses by December 31, 2016. Under the Affordable Care Act, […]
