Posted in General on Feb 21, 2012
Anton A. Ewing, JD is offering free tax return extensions for the 2011 tax season. Just call or email.
Last Updated by Anton Ewing on 2012-02-21 21:27:29
Posted in General on Dec 30, 2011
For those in business, are landlords, or sell merchandise online you will likely receive a new form ? Form 1099-K for the payments you received during the tax year. This form reports credit card or other merchant payments (PayPal for example) when your receipts for such payments are over certain amounts, usually $600.
Last Updated by Anton Ewing on 2011-12-30 10:45:56
Posted in General on Dec 26, 2011
There are a number of steps you might take by year-end to cut your 2011 tax bill, such as deferring income, accelerating deductions and capital gains planning. If you are planning on selling an investment this year on which you have a gain, it may be best to wait until the following tax year to defer payment of the taxes for another year (subject to estimated tax requirements). If you are expecting a bonus at year-end, you may be able to defer receipt of these funds until January. This allows you to defer tax payments (other than the portion normally withheld) until the following year. However, keep in mind that you usually defer taxes on a bonus that is contractually due in 2011. If your company grants stock options, it may be wise to wait until next year to exercise the option or sell stock acquired by exercise of an option. Exercise of the option is often but not always a taxable event; sale of the stock is almost always a taxable event.Deferring Income
Last Updated by Anton Ewing on 2011-12-26 19:28:29
Posted in General on Dec 26, 2011
The IRS has announced the maximum contribution limits for your 401(k) and other retirement plans for 2012. In general, many of the pension plan limitations will change for 2012 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. However, other limitations will remain unchanged. Highlights include: Individuals Limits for 401(k): Annual compensation limit $250,000 in 2012 (up from $245,000 in 2011); maximum annual contribution $17,000 in 2012 (up from $16,500 in 2011) with a $5,500 contributions for age 50 and older. Savings Incentive Match Plan for Employees (SIMPLE): Contribution limit $11,500 with a $2,500 catch up clause for age 50 and older. Remains unchanged from 2011. Individual Retirement Plans (IRAs): Maximum contribution $5,000 with a $1,000 catch up contribution for those age 50 and older. The contribution can be split between a Roth IRA and a traditional IRA, but must not exceed $6,000. Remains unchanged from 2011.
Last Updated by Anton Ewing on 2011-12-26 19:25:22
Posted in General on Dec 25, 2011
For the 2011 tax year filing season, Anton Ewing's office will be offering free IRS form 4868 individual tax return extension filing. Please send an email to Anton@AntonEwing.com to request an extension between January 1, 2012 and April 15, 2012.
Last Updated by Anton Ewing on 2011-12-25 08:23:02
Posted in General on Nov 06, 2011
For those that have a 12/31 tax year end, like partnerships, S-corporations, individual 1040, and LLC's taxed as partnerships or S-corporations, it is important to plan for year end before it passes by.
Under the cash basis rule of accounting, transactions must clear the business bank account on or before 12/31 in order to be included in this year's tax return. Pension contributions can be calculated, along with the required W-2 compensation amounts required to justify the pension contribution, by contacting the actuary. It is important to have your profit and loss statements up to date for 2011 before you can obtain a good estimate for year end planning.
Can Anton at 619-719-9640 to schedule an interview for your 2011 tax planning.
Last Updated by Anton Ewing on 2011-11-06 11:29:52
Posted in General on Aug 15, 2011
The passage of CA Senate Bill 392 (Statutes of 2010, Chapter 698) authorizes the Contractor State Licensing Board to issue contractor licenses to Limited Liability Companies (LLCs). The law says that CSLB shall begin processing LLC applications no later than January 1, 2012.
Last Updated by Anton Ewing on 2011-08-15 08:38:56
Posted in General on Aug 14, 2011
If your email address was not added to the monthly newsletter, please feel free to send Anton an email at Anton@AntonEwing.com
Thank you.
Last Updated by Anton Ewing on 2011-08-14 08:17:53
Posted in General on Aug 03, 2011
Anton Ewing enjoys an excellent reputation for ably guiding his clients through the ever-changing world of tax law. Since he started his San Diego-based company in 2004, Anton Ewing has developed particular expertise in the area of charitable remainder trusts. These complex tax-exempt trusts are a means of reducing assets subject to estate tax while maintaining consistent income. Ewing is also highly skilled in structuring defined benefit pension plans. His firm?s slate of services includes basic tax planning as well as complex auditing and financial planning.
Before he started his company, Anton Ewing held a succession of tax, auditing, and pension management positions. While living in the Phoenix area in 2000, he founded an accounting and financial planning firm with the primary aim of helping clients maximize their asset protection.
A Certified Financial Planner, Anton Ewing has attained several financial advising licenses, including Series 7 Registered Representative, Series 24 General Securities Principal, and Series 66 Registered Investment Advisor. In addition, he is a member of the American Institute of Certified Public Accountants and has worked as a C.P.A. in several states.
Ewing began his career as a nuclear physicist and operated two nuclear reactors for the U.S. Navy. A decorated veteran of the Persian Gulf War, he was honorably discharged in 1992.
Anton Ewing graduated from The University of Arizona in Tucson with a Bachelor of Science with honors in Accounting. He holds a Juris Doctor from The University of Arizona James E. Rogers College of Law, and he has finished all of the core coursework for a Master of Taxation at Arizona State University.
Last Updated by Anton Ewing on 2011-08-03 18:33:57
Posted in General on Aug 02, 2011
Please call Anton Ewing at 619-719-9640 for a tax appointment.
Last Updated by Admin on 2011-08-02 15:26:14
Posted in General on Aug 02, 2011
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Last Updated by Admin on 2011-08-02 15:24:19