Year-End Tax Planning Ideas 个人年终税务规划

CINDIE CPA Firm CONTACT US 联系信息: Address: 200 Centennial Avenue, Suite 106, Piscataway, NJ 08854 Phone: (732) 896-0272 Email: cpa@cindiellc.com

CINDIE suggests some of these tax-saving moves if completed by December 31 to consider:

  1. Havest tax loss. If you own stock in a taxable account that is not in a tax-deferred retirement plan, you can sell your underperforming stocks by December 31 and use these losses to reduce any taxable capital gains. Just be sure you do not repurchase the same stock within 30 days, or the loss will be deferred.
  2. Take a peek at your estimated 2022 income. If you have appreciated assets that you plan on selling in the near future, estimate your 2022 taxable income and compare it to your 2021 taxable income. If your 2022 income looks like it may be significantly higher than 2021, you may be able to sell your appreciated assets in 2021 to take advantage of a lower tax rate. The opposite also holds true.
  3. Max out pre-tax retirement savings. The deadline to contribute to a 401(k) plan and be able to reduce your taxable income on your 2021 tax return is December 31. See if you can earmark a little more money from each of your paychecks through the end of the year to transfer into your retirement savings accounts. For 2021, you can contribute up to $19,500 to a 401(k), plus another $6,500 if you’re age 50 or older. Even better, you have until April 18, 2022, to contribute to a traditional IRA and be able to reduce your taxable income on your 2021 tax return.
  4. Make cash charitable contributions. If you’re like 90% of all taxpayers, you get no tax benefit from charitable contributions because you don’t itemize your personal deductions. On your 2021 tax return, however, you may contribute up to $300 in cash to a qualified charity and deduct the amount whether or not you itemize your deductions. Married taxpayers who file jointly may contribute $600.
  5. Plan deductions so you can itemize. Are your personal deductions near the amount of the standard deduction for 2021: $12,550 for singles, $18,800 for head of household and $25,100 for married filing jointly? If so, consider bunching your personal deductions into 2021 so you can itemize this year.

信谛註册会计师事务所建议以下考虑:

  1. 税收损失。如果您在不属于延税退休计划的应税账户中持有股票,您可以在 12 月 31 日之前出售表现不佳的股票,并利用这些损失来减少任何应税资本收益。请确保您不要在 30 天内回购相同的股票,否则损失将被推迟。
  2. 看一看您 2022 年的估计收入。如果您计划在不久的将来出售增值资产,请估算您的 2022 年应税收入,并将其与 2021 年的应税收入进行比较。如果您 2022 年的收入看起来可能明显高于 2021 年,您或许可以在 2021 年出售您升值的资产以利用较低的税率。反之亦然。
  3. 最大限度地提高税前退休储蓄。为 401(k) 计划供款并能够减少 2021 年纳税申报表上的应税收入的截止日期是 12 月 31 日。看看您是否可以在年底之前从每笔薪水中划出更多资金用于转移存入您的退休储蓄账户。到 2021 年,您最多可以向 401(k) 捐款 19,500 美元,如果您年满 50 岁,还可以再捐款 6,500 美元。更好的是,您必须在 2022 年 4 月 18 日之前为传统的 IRA 做出贡献,并能够减少 2021 年纳税申报表中的应税收入。
  4. 进行现金慈善捐款。如果您像所有纳税人中的 90% 一样,您不会从慈善捐款中获得税收优惠,因为您没有逐项列出您的个人扣除额。但是,在您的 2021 年纳税申报表中,您最多可以向符合条件的慈善机构捐赠 300 美元现金,并且无论您是否逐项列出扣除额,都可以扣除该金额。共同申报的已婚纳税人可以贡献 600 美元。
  5. 计划分项扣除,可以逐项列出。您的个人扣除额是否接近 2021 年的标准扣除额:单身人士 12,550 美元、户主 18,800 美元和已婚联合申报的 25,100 美元?如果是这样,请考虑将您的个人扣除额合并到 2021 年,以便您可以逐项列出今年。

Business Year-End Tax Planning公司年终税务规划

CINDIE CPA Firm CONTACT US 联系信息: Address: 200 Centennial Avenue, Suite 106, Piscataway, NJ 08854 Phone: (732) 896-0272 Email: cpa@cindiellc.com

CINIDE has some ideas to lower your business taxes, get organized, and to prepare for filing your tax return. As the year winds down, here are some ideas to consider in order to help manage your small business and prepare for filing your upcoming tax return.

  1. Identify all vendors who require a 1099-MISC and a 1099-NEC. Obtain tax identification numbers (TIN) for each of these vendors with signed W-9.
  2. Determine if you qualify for the Paycheck Protection Program (PPP) safe harbor threshold that allows you to deduct certain 2020 expenses on your 2021 tax return.
  3. Consider accelerating income or deferring earnings, based on profit projections.
  4. Plan your stock or capital market trading strategies for capital gain and capital loss.
  5. Section 179, or bonus depreciation expensing versus traditional depreciation, is a great planning tool. If using Section 179, the qualified assets must be placed in service prior to year-end.
  6. Business meals are 100% deductible in 2021 if certain qualifications are met. Retain the necessary receipts and documentation that note when the meal took place, who attended and the business purpose of the meal on each receipt.
  7. Consider any last-minute deductible charitable giving including long-term capital gain stocks.
  8. Review your inventory for proper counts and remove obsolete or worthless products. Keep track of the obsolete and worthless amounts for a potential tax deduction.
  9. Set up separate business bank accounts. Co-mingling business and personal expenses in one account is not recommended.
  10. Create expense reports. Having expense reports with supporting invoices will help substantiate your tax deductions in the event of an audit.
  11. Organize your records by major categories of income, expenses and fixed assets purchased to make tax return filing easier.
  12. Review your receivables. Focus on collection activities and review your uncollectable accounts for possible write-offs.
  13. Make your 2021 fourth-quarter estimated tax payment by January 18, 2022.

*****以下是一些需要考虑的想法,以帮助管理您的小型企业并为提交即将到来的纳税申报表做准备:

  1. 确定需要 1099-MISC 和 1099-NEC 的所有供应商。获取每个供应商的税号 (TIN)。
  2. 确定您是否有资格获得允许您在 2021 年纳税申报表中扣除某些 2020 年费用的薪资保护计划 (PPP) 安全港门槛。
  3. 根据利润预测,考虑加速收入或递延收入。
  4. 为资本收益和资本损失计划您的股票或资本市场交易策略。
  5. 第 179 条或奖金折旧费用与传统折旧相比,是一个很好的计划工具。如果使用第 179 条,合格资产必须在年底前投入使用。
  6. 如果满足某些条件,商务餐在 2021 年可 100% 抵扣。保留必要的收据和文件,在每张收据上注明用餐时间、参加者和用餐的商业目的。
  7. 考虑任何最后一刻的免赔额慈善捐赠,包括长期资本收益股票。
  8. 检查您的库存是否正确计数并移除过时或毫无价值的产品。跟踪过时和无价值的金额以进行潜在的税收减免。
  9. 设立独立的商业银行账户。不建议将商业和个人开支混合在一个帐户中。
  10. 创建费用报告。拥有带有支持发票的费用报告将有助于在审计时证实您的税收减免。
  11. 按收入、支出和购买的固定资产的主要类别整理您的记录,以便更轻松地提交纳税申报表。
  12. 检查您的应收账款。专注于收款活动并检查您无法收款的帐户是否有可能的注销。
  13. 在 2022 年 1 月 18 日之前缴纳 2021 年第四季度的预估税款。

Deductible Business Startup Costs 可抵税的创业成本

Here’s how businesses can deduct startup costs from their federal taxes

When starting a business, owners should treat all eligible costs incurred before beginning to operate the business as capital expenditures that are part of their basis in the business. Generally, the business can recover costs for assets through depreciation deductions.

For costs paid or incurred after September 8, 2008, the business can deduct a limited amount of start-up and organizational costs. They can recover the costs they cannot deduct currently over a 180-month period. This recovery period starts with the month the business begins to operate active trade or as a business.

Business start-up costs

Start-up costs are amounts the business paid or incurred for creating an active trade or business, or investigating the creation or acquisition of an active trade or business. Start-up costs include amounts paid or incurred in connection with an existing activity engaged in for profit, and to produce income in anticipation of the activity becoming an active trade or business.

Qualifying costs

A start-up cost is recoverable if it meets both of the following requirements:

It’s a cost a business could deduct if they paid or incurred it to operate an existing active trade or business, in the same field as the one the business entered into.
It’s a cost a business pays or incurs before the day their active trade or business begins.
Start-up costs include amounts paid for the following:

An analysis or survey of potential markets, products, labor supply, transportation facilities, etc.
Advertisements for the opening of the business.
Salaries and wages for employees who are being trained and their instructors.
Travel and other necessary costs for securing prospective distributors, suppliers, or customers.
Salaries and fees for executives and consultants, or for similar professional services.
Nonqualifying costs
Start-up costs don’t include deductible interest, taxes, or research and experimental costs.

Purchasing an active trade or business
Recoverable start-up costs for purchasing an active trade or business include only investigative costs incurred during a general search for or preliminary investigation of the business. These are costs that help in deciding whether to purchase a business. Costs incurred to purchase a specific business are capital expenses that can’t be amortized.

If you need to knowmore, please contact us 联系信息

Address: 200 Centennial Avenue, Suite 106, Piscataway, NJ 08854

Phone: (732) 896-0272 cpa@cindiellc.com Fax: (732) 676-1661

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以下是企业如何从联邦税中扣除启动成本

开办企业时,业主应将在开始经营业务之前发生的所有符合条件的成本视为资本支出,这是其业务基础的一部分。通常,企业可以通过折旧扣除来收回资产成本。

对于 2008 年 9 月 8 日之后支付或产生的成本,企业可以扣除有限的启动和组织成本。他们可以在 180 个月内收回目前无法扣除的成本。该恢复期从企业开始进行活跃贸易或作为企业开展的月份开始。

创业成本

启动成本是企业为创建活跃的贸易或业务,或调查创建或收购活跃的贸易或业务而支付或发生的金额。启动成本包括为盈利而从事的现有活动所支付或发生的金额,以及预期该活动将成为活跃的贸易或业务而产生的收入。

合格费用

如果满足以下两个要求,启动成本是可以收回的:

如果企业为经营现有的活跃贸易或业务而支付或招致该费用,则这是一项可以扣除的成本,该费用与企业进入的领域相同。
这是企业在其活跃的贸易或业务开始之前支付或产生的成本。
启动成本包括为以下各项支付的金额:

对潜在市场、产品、劳动力供应、交通设施等的分析或调查。
开业活动的广告。
接受培训的员工及其导师的工资和工资。
为确保潜在分销商、供应商或客户的安全而产生的差旅和其他必要费用。
高管和顾问的薪水和费用,或类似的专业服务。
不合格费用
启动成本不包括可扣除的利息、税收或研究和实验成本。

购买活跃的贸​​易或业务
购买活跃贸易或业务的可收回启动成本仅包括在对业务进行一般搜索或初步调查期间产生的调查成本。这些成本有助于决定是否购买企业。购买特定业务所产生的成本是无法摊销的资本支出。