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Austin CPA

Email: adamaustincpa@gmail.com

Phone: 816-269-1647

Our Services

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Small Business Tax Planning

Our Firm can assist you in tax planning. The Tax Cuts and Jobs Act provided a plethora of tax benefits, some of which are changing at the end of 2022. For example, 2022 is the last year to take advantage of Bonus Depreciation.

We can assist in tax planning in business formation. We can give you the advantages and disadvantages of different organizational structures. For example, is an LLC taxed as a partnership, S Corp, or C Corporation right for you?

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Consulting

We provide both business and individual consultation services.

We have a wide variety of services we provide in this area.

An example of these services include Real Estate assistance;
- What does your partnership agreement say about deducting unreimbursed ordinary and necessary expenses paid on behalf of the partnership
- Repairs vs Property Improvements and how to use the De Minimis Safe Harbor to your advantage
- QBI Deduction for Real Estate
- Ensuring all Passive Activity Losses are accounted for and etc.

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Bookkeeping

We provide bookkeeping services. Our main accounting software platform is QuickBooks and we can assist you with a variety of tax savings strategies.

We can help you define your sunk costs, overhead costs, variable costs, opportunity costs and etc. We will help you formulate a budget and sales strategy to help you optimize your business decisions.

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Payroll and Individual Tax Preparation

We can run your company's payroll and file the applicable taxes at the local, state, and national level.

We can also prepare and e-file both your individual and business tax returns.

We have a competitive price menu for a variety of individual and business tax returns. We are able to keep our prices low because of our lack of overhead costs.

“Goes Above and beyond to help his client conduct their business as efficiently as possible, along with helping them understand the intricacies of a profitable company.”

Kara Ince – Salvation Builders

ABOUT US

Austin CPA, PC

We are a CPA firm designed to aid small businesses by assisting them with tax planning, asset management, bookkeeping, budget planning, cost benefit analysis, evaluations of profit and loss, direct and indirect cost assignments, burdened labor rates, and more.

 

We also prepare both business and personal tax returns.

 

We offer free consultations where we will discuss any of your business needs.

Click to schedule and Appointment

This Weeks Tax Tip:

1) If you sold/are going to sell stock, a business, house, crypto, or anything else that will cause a capital gain for you in 2022, consider investing in an Economic Recovery Zone. Push off your tax bill till 12/31/26 and if you keep the investment for 10 years you won’t have to pay any capital gains on any appreciation. This is a fairly complicated piece tax legislation so IM me if you have any specific questions.
2) Self Direct your IRA or at least part of it. I don’t get a referral fee nor do I have any interest in any firm/company that sells Self Directed IRAs. I consider this a public service announcement.
Self Direct your retirement account or HSA. Use your retirement account or HSA to buy a house, land, part of neighbor’s business, flip a house, buy a cow (yes. You can buy cow with your retirement account); basically anything you can invest in, your retirement account can invest in as well (there are some prohibited persons and other exclusions).

Example: A taxpayer in his 40s wants to retire in a different part of the country? The taxpayer purchased his house with his Roth IRA and moved into this property when he retired. All tax free.
If you have any questions please don’t hesitate to contact me and I can point you in the right direction concerning how to self direct your HSA or Retirement account.
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Schedule a Complimentary 30-Minute Discovery Call

Schedule an Appointment