Home › Info Center Blog ›

Prime Time for Year-end Tax Planning

November is prime time for year-end tax planning!  It is the ideal time to consult with us regarding ways to reduce your taxes in ways that make sense for your specific situation.

Currently, there are several tax provisions scheduled to expire as of December 31, 2011.  Examples include:

  • Itemized deductions

    • Sales tax deduction
    • Mortgage insurance premiums
  • The "above the line" education deduction
  • Educator's expense deduction
  • Exclusion from income of up to $100,000 from an IRA if made directly to a charity
  • Plug-in electric vehicle credit

We say "scheduled" because they have been reinstated at the last minute in the past and we have no indication at this point that they will not expire.  The thing we do know is that these and other provisions are available for 2011. 

Give us a call to schedule an appointment and we will help you determine which apply to you or your business.

Important Dates

  • 05/21/12 (All day) - TN Sales Tax Due
  • 05/28/12 (All day) - Memorial Day- Bank Holiday
  • 06/01/12 (All day) - Professional Privilege Tax Due

View Calendar

Client Testimonials

"Companion CPA Group has been an integral part of the management of our Pulmonary, Critical Care and Sleep Medicine Practice for seven years, and have assisted us in a..."Read More
"Companion CPA Group has provided our medical practice with excellent, high quality financial services. They are very responsive to both our immediate and long term needs..."Read More
"Companion CPA Group gives us the tools we need to successfully manage our practice. In addition to handling routine accounting functions, their willingness to research,..."Read More
"When our mission ministry was looking for a CPA, one of my friends suggested I contact Lou Alice Funk to see if she could help us. After chatting with Lou Alice the first..."Read More
" Our relationship with Companion CPA began in 2002. We were a new business and called on several local CPA firms before deciding on Companion CPA. We rely heavily on Lisa..."Read More
" When we outsourced all of our financial management, payroll, accounts payable, grant reporting and budget development, it seemed like an impossible puzzle to complete; but..."Read More
" Companion CPA has provided the Tennessee FFA Foundation, Inc., a Tennessee non-profit, with professional and timely work.  As a volunteer worker and treasurer of the..."Read More
" After outsourcing our payroll and payroll reporting to Companion CPA Group, my life is so much less stressful!  I had been spending countless hours working late..."Read More

Read All Testimonials