Jerry Jones CPA
Wouldn’t it be nice to have a CPA that you deal directly with, that knows the Self Storage business, that works in all 50 states and is there for you when you need him?
I own 3 storage properties (2 in one state and the other in another state over 100 miles away)and work a full-time job about 100 miles in another direction; with all my travelling I sometimes feel like I get behind the 8-ball. That is where I was on my taxes when I contacted Jerry to prepare them. It is not a good practice to be at the last minute and needing to have your taxes prepared, but Jerry met the deadline with exceptional professionalism. I am located approximately 2,500 miles across the country from Jerry but that has been no hindrance in receiving timely exceptional customer service from him. In discussions with Jerry, he has had made suggestions that has helped me improve my operations. His knowledge of the self-storage industry incorporated into your accounting and tax-planning of your operations will prove to be invaluable. I believe he will provide you with the highest level of accounting service and tax planning and preparation for being an owner in the self-storage industry.
Donnie Christian
Bristol, Tennessee and Virginia

Get Ready for Taxes:

Get 2018 tax documents ready for upcoming filing season

The IRS reminds taxpayers to keep a copy of their past tax returns and supporting documents for at least three years. Certain key information from their prior year return may be required to file in 2019.

The IRS has recently updated its Get Ready page with steps to take now for the 2019 tax filing season.

Keeping copies of prior year tax returns saves time. Often previous tax information is needed to file a current year tax return or to answer questions from the Internal Revenue Service. Taxpayers claiming certain securities or debt losses should keep their tax returns and documents for at least seven years.

IRS Resources Can Help Small Businesses Better Understand How Tax Reform Affects Their Bottom Line

Small business owners can visit IRS.gov for a wide range of resources that will help them better understand tax reform. Last year’s Tax Cuts and Jobs Act includes tax law changes that may affect small businesses’ bottom line.

Here are some resources available to help small business owners:

Tax Reform section of IRS.gov
This section of IRS.gov includes links to resources that will help businesses understand exactly how the law affects their bottom line.

Tax Reform Guidance
Includes links to resources with specific technical information about the law and how it applies to businesses. These resources include, regulations, revenue procedures, revenue rulings and notices.

3 Awful Reasons to Take Social Security Benefits at 62

Because Social Security eligibility kicks in at age 62, many seniors rush to claim benefits as early as possible. But there's a downside to filing at 62: reducing your benefits by taking them ahead of full retirement age (FRA).

For today's workers, FRA is either 66, 67, or 66 and a certain number of months -- it all depends on your year of birth. Either way, filing at 62 means taking benefits early and reducing them in the process.

What sort of reduction are we talking about? If you're looking at an FRA of 67, filing at 62 will slash your benefits by 30%. And unless you happen to undo your application in time, once you lock in that lower benefit, it'll remain in effect for the rest of your life.

Now there are certain circumstances under which claiming benefits at 62 makes sense. But these three reasons for filing early just don't.

How Much Do You Need to Earn to Max Out Your Social Security Benefit?

The maximum Social Security benefit for a new retiree in 2018 is north of $33,000 per year at full retirement age and can be even higher for workers who wait. So how much do you need to earn if you want the maximum Social Security benefit when you retire?

Unfortunately, this question is more complicated than it may seem. Here's a rundown of how much you can get from Social Security, how much you'll need to have earned to get the maximum benefit, and how the maximum benefit amount could change in the future.

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