Tag: Bookkeeping

“Tax time” is creepin. If you stay ready, you don’t have to get ready. Pauline’s Tax Service will be making some changes going forward for next year – Stay informed.

As the next couple of months cruise by there will be more information inserted on to my website to help prepare you for the upcoming tax due date of  April <15-18>, 2018. 

*There are going to be many changes this year, it seems, due to a new tax plan, although its not confirmed.  I’ll try to keep you updated with that too.

 

Pauline’s Tax Service, Ltd – By Stephanie

 

Over the last 2 or 3 years I have worked tirelessly to ensure the best possible service for this type of duty and for my clients, many of whom I inherited more than 11 years ago from my grandma, Pauline Parris.   This work was important to her, and it is to me too.  With that being said, there will most likely be many changes over the next 2 years as I’m trying to reconstruct and reorganize my business plan. Expansion is in our future.

In-office appointments are going to be limited.  The office address is going to remain the same for mail in’s, drop off’s, pick up’s and meeting’s.  The conference room will be available for those tough situations, but this means that some additional time & planning might be in order.  Documents can be submitted via mail, drop off, e-mail, fax, or uploaded to the client portal.  Limited in-office appointments will be available for 2018. Thanks in advance for any inconvenience. 

 

*Before you would like your returns started – make sure you have all of your documents AND other information included before you send it to Pauline’s Tax Service for preparation.  Some returns that include the earned income credit or 

 

Address:  12365 Huron St., Suite 1800 Westminster Co 80234

Phone:     720-893-3712 ext.105

Fax:          303-252-4664

Email for Stephanie

Secure Client Portal

 

 

2017 Tax Rate Schedules: Have you adjusted your withholding’s? Calculate your estimated taxable income, and find your tax.

2017 Tax Rate Schedule

Around the middle of the year it is a good idea to ensure that by the end of the year you will have withheld your tax liability due. No more, no less.  It’s common to adjust your withholding’s during the year to reflect life events or just to put more money in your pocket at that time.  Time and time again it’s also common that you forget to adjust the withholding’s back to cover your tax liabilities.  Knowing what your tax due will be is half the battle, but equal parts importance to earning your wage and paying your bills. It should be part o2017 Tax Rate Schedulef your monthly budgeting.

 

There’s more to it obviously, but the Individual income tax formula  is as follows and can be used to estimate your taxable income to give you an idea what your up against and  give you time to gather your options to lower your taxable income in an effort to conserve AFTER TAX WEALTH.

 

Individual Income Tax Formula:

Income (broadly conceived) Add income together if you file married filing joint. Don’t forget distributions from 401k’s, retirement or taxable social security, investment income, and  net self-employment income or loss.

Less: Exclusions   Ill go into the list of exclusions later

= Gross Income

Less deductions

= Adjusted Gross Income

Less: [Itemized or standard deduction] and [exemptions] for every person on the tax form

= Taxable Income

 

To find the estimated tax for your bracket add

the tax + [the % over the amount]= Tax