| No new tax law, yet. Can you believe we are already half way through 2025? Time is flying by! Current tax law expires at the end of 2025. As of now, there has not been any new tax legislation passed. As soon as I receive some news on tax changes and when they take effect, I’ll pass the info along to you. Be careful of what you read online! There are plenty of rumors circulating about what will happen, especially if congress does not pass tax law before end of year. If no new legislation is passed, the rules simply revert back to pre-2017. For the vast majority of clients, this would be a very nominal difference to what you currently pay in tax. It will not result in a large tax increase for the vast majority of taxpayers. |
| Mid Year Tax Services Tax Withholding Check If you would like, I can take a look at your tax withholding for 2025 to date to make sure you aren’t in for any surprises at tax time. This is especially helpful if you have multiple incomes, were under-withheld and owed tax for 2024, or had to make changes to your tax withholding for 2025. Simply upload your check stub to the client portal or schedule an appointment to bring to office. Fee: $40 (additional fee may apply for multiple incomes)Tax Planning on Sale of Assets Did you sell a rental property or second home? Have unexpected gains on the sale of some stock? You may need to make an estimated tax payment to avoid underpayment of tax penalties when you file. I’ll be glad to look at your information and give you advice on how to approach taxes. Send information via client portal or call the office. Fee: From $40, additional fee for business properties or multiple sales Quarterly Income Estimates for Self-Employed If you are self-employed and do not have sufficient withholding from another income source, the law requres you to make quarterly estimated payments. Need to know how much to pay? Send your income and expenses for the quarter and I’ll calculate it for you! Send information via client portal or call the office. Fee: From $40 |
| Office Information Calling the Office in the Off Season If you call the office in the off-season and do not get an answer, please leave a voicemail! For those of you who were long time clients of my grandmother, her office and home phones were the same number. That isn’t the case now, so if I’m not where I can hear the phone or out of the office, I’ll call you back! No message = no return call. Office Closure The office will be closed July 1–6. Calls received this week will be returned next week! Office Drop Box If you need to drop off information without an appointment or when I am not there, there is a secure drop box next to the front door. It is marked “Not for USPS” and goes into a locked box on the inside that only I can access. Please make sure your information is in an envelope with your contact information included! Have a great July 4 holiday, and I look forward to seeing you again soon! Jayson |