Save Tax -
Or At Least Defer It
- By Carefully Timing Business Income and Expenses
first step to smart timing is to project your business's
income and expenses for 2015 and 2016.
With this information in hand, you can determine the best
year-end timing strategy for your business.
If you expect to be in the same or lower tax bracket in
income to 2016. If your business uses the cash
method of accounting, you can defer billing for your products
or services. Or, if you use the accrual method, you can delay
shipping products or delivering services.
deductible expenses into 2015. If you're a
cash-basis taxpayer, you may make a state estimated tax
payment before December 31, so you can deduct it this year
rather than next. Both cash- and accrual-basis taxpayers can
charge expenses on a credit card and deduct them in the year
charged, regardless of when the credit card bill is paid.
If you expect to be in a higher tax bracket in 2016,
accelerating income and deferring deductible expenses may save
you more tax over the two-year period (though it will increase
your 2015 tax liability).
For help projecting your income and expenses or for more ideas
on how you can effectively time them, please contact us at
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or on our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,