2016-Year-End-Tax-Planning-Letter
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April 2018 Newsletter
Client Information Bulletin April 2018 Last Chance for Key Tax Deductions? Opportunities vanishing after 2017 returns The new tax law enacted at the end of last year—the Tax Cuts and Jobs Act (TCJA)—provides numerous tax changes for individuals, including tax rate cuts and a higher standard deduction. Significantly, the TCJA also eliminates or modifies certain deductions, including the majority of itemized deductions, beginning in ...Read more »
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February 2018 Newsletter
Client Information Bulletin February 2018 Seven Steps for Tax Return Season Preparing to file 2017 returns One sure sign that spring is coming: It is time to prepare to file your annual tax return. You can alleviate some of the usual stress if you have your 2017 return professionally prepared, but you still have some work to do. Here are seven practical suggestions to ...Read more »
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December 2017 Newsletter
Client Information Bulletin December 2017 Six Ways to Improve Cash Flow Practical ideas to spur business growth When you are running a small business, the numbers matter. This is especially true when it comes to cash flow. If you have more money going out than you have coming in, your business will not survive for very long. How can you improve cash flow? There are ...Read more »
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August 2017 Newsletter
Client Information Bulletin August 2017 Four Ideas to Reduce Employee Turnover Make improvements in the work environment Common situation: A small-business owner invests considerable time and money training an employee to meet certain expectations. Then the employee suddenly leaves for another job, and the employer has to start the entire process all over again. And the owner may go through two or three more ...Read more »
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June 2017 Newsletter
Client Information Bulletin June 2017 What You Need to Know About Section 529 Plans Answers to several common questions How will you ever save enough money to pay for your children’s college educations? There are no absolute guarantees, but Section 529 plans may help you set aside funds, up to generous limits. Here are the answers to several common questions on this subject. What ...Read more »
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April 2017 Newsletter
Client Information Bulletin April 2017 Make Tax Plans for Vacation Home Rentals How to maximize the tax benefits The summer rental season is about to kick off. If you own a vacation home in a resort area that you rent out while your family is not using it, you may be in line for valuable tax deductions. In fact, you might even qualify for ...Read more »
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March 2017 Newsletter
Client Information Bulletin March 2017 Immediate Tax Benefits for Business Property Section 179 provides generous tax break There is a unique tax break for business entities of all shapes and sizes contained in Section 179 of the Internal Revenue Code. Under this section, a business can elect to “expense,” or currently deduct, the cost of qualified property placed in service during the year, up ...Read more »
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New Location!
Simpson & Company now has a presence in Washington! Appointments available at our new location at 656 Officers Row, Vancouver, WA 98661. You can continue to call our main number, 503-222-3673.Read more »
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New $35 Arts Tax now due June 10th from all Portland Residents!
This tax was passed on November 6, 2012, (ballot measure 26-146) and will fund Portland school teachers and art focused non-profit organizations in Portland. All adult Portland residents are required to pay a $35 (unless you are exempt) You may have already received the postcard reminder. Taxpayers that have not paid by March 25th will receive a paper tax form in the mail. Late ...Read more »
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New Services Provided
Our firm has extensive experience in tax preparation services in all major areas of tax reporting, including individuals, small businesses, partnerships and corporations, tax-exempt organizations, pension plans and estates and trusts.Read more »