Congress Passes "Extenders" Legislation
Reviving Expired Tax Breaks for 2015
valuable tax breaks expired December 31, 2014.
For them to be available for 2015, Congress had to pass
legislation extending them - which it now has done,
with the Protecting Americans from Tax Hikes Act of 2015 (PATH
Act), signed into law by the President on December 18.
The PATH Act not only revives expired breaks for 2015 but also
makes many breaks permanent, generally extends the rest
through either 2016 or 2019, and enhances some breaks.
Here is a sampling of extended breaks that may benefit you
or your business:
The deduction for state and local sales taxes in lieu of state
and local income taxes (extended permanently),
Tax-free IRA distributions to charities (extended
Bonus depreciation (extended through 2019, but with reduced
benefits for 2018 and 2019),
Enhanced Section 179 expensing (extended permanently and
further enhanced beginning in 2016),
Accelerated depreciation for qualified leasehold-improvement,
restaurant and retail improvement property (extended
The research tax credit (extended permanently and enhanced
beginning in 2016),
The Work Opportunity credit (extended through 2019 and
enhanced beginning in 2016), and
Various energy-related tax incentives (extended through 2016).
Please contact us at 925-634-2344 for more information
on these and other breaks under the PATH Act. Keep in mind
that, for you to take maximum
advantage of certain extended breaks on your 2015 tax return,
quick action may be required.
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,