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?
Jerry has been our accountant since we started in the self storage business, some 20 years ago. I look to him as more than an accountant, but as a valuable business asset. He is continually suggesting new ways to reduce costs and improve profits. Also, he has developed some unconventional reports that are very helpful in evaluating our business on a day to day basis. I would recommend him to any self storage operator.
Dennis Geiler
SoCal Self Storage, Southern California

Plan Ahead for Tax Time When Renting Out Residential or Vacation Property

tax-benefits-rental-property-Jerry-Jones

Summertime is a time of year when people rent out their property. In addition to the standard clean up and maintenance, owners need to be aware of the tax implications of residential and vacation home rentals.

Receiving money for the use of a dwelling also used as a taxpayer’s personal residence generally requires reporting the rental income on a tax return. It also means certain expenses become deductible to reduce the total amount of rental income that's subject to tax.

IRS Website Provides Tools to Help Small Businesses Understand Employment Taxes

employment-IRS-small-business-taxes-smWASHINGTON –The Internal Revenue Service reminds small businesses of the many free products available to help them understand and comply with the law. Products ranging from online calculators, printable calendars, step-by-step guides and a series of educational webinars are all available on IRS.gov.

Federal law requires most employers to withhold federal taxes from their employees' wages. IRS tools can help small businesses understand some of the requirements for withholding, reporting, and paying employment taxes. The IRS website, IRS.gov, provides easily accessible information and guides on what forms employers should use as well as how and when to deposit and report employment taxes.

Tax Changes for Small Businesses Could be Coming—Here’s How to Prepare

small business tax changes jerry jones cpaNancy Mann Jackson

With new business policies and tax proposals on the table, tax changes for small businesses could be on the way and the potential for 2017 taxes to look very different from 2016 is high.

While changes to the tax code are likely to occur in the coming year, nobody knows for sure what those changes will be or how they will affect small businesses. Studying the current proposals can put business owners and tax professionals at an advantage for predicting how their tax bills might shake out in the future. Here’s how five potential tax changes could affect your small business—and actions you can consider taking to reduce your tax liability.

How to Use/Get Transcript Online

Learn about the Get Transcript Online tool and its enhancements that protect you from fraud. Get started at https://www.irs.gov/transcript.

 

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