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?
In addition to being the best tax advisor I have had the pleasure of working with, Jerry is first and foremost a wonderful person. Building my first storage facility and being a rookie to the industry, I was nervous on what I could expect in my first year of development. With all of the ups and downs of this first year all I can say is I had absolutely no worries when it came to the the most important part of our business - the numbers. Jerry Jones took the time to answer every question or concern we had when going though this process. If you are in the storage business give yourself a leg up and apply Jerry’s experience and expertise of this expanding and ever changing industry. You will be thankful you did.
Bill Pederson
Lock it and Leave it storage

Fake charities make 2018 'Dirty Dozen' list; taxpayers should be alert to scams involving disasters, worthwhile causes

fake-charity-tax-advice-cpaThe Internal Revenue Service today warned taxpayers against scam groups masquerading as charitable organizations, luring people to make donations to groups or causes that don't actually qualify for a tax deduction.

These 'fake' charities attempt to attract donations from unsuspecting contributors, using a charitable reason and a tax deduction as bait for taxpayers. Fake charities are one of the "Dirty Dozen" tax scams for the 2018 filing season.

Compiled annually, the "Dirty Dozen" lists a variety of common scams that taxpayers may encounter anytime, but many of these schemes peak during filing season as people prepare their tax returns or hire someone to prepare their taxes.

Perpetrators of illegal scams can face significant penalties and interest and possible criminal prosecution. To help protect taxpayers, IRS Criminal Investigation works closely with the Department of Justice to shut down scams and prosecute the criminals behind them.

22 Things Tax Experts Wish You Knew About the New Tax Law

tax-information-jerry-jones-cpa-expert-adviceWHEN THE CHANGES GO INTO EFFECT

The new tax law known as the Tax Cuts and Jobs Act (TCJA) lowers individual tax rates (here is an outline of the new tax bracket system) and increases many tax deductions and credits available to many Americans. However, the next time you file your taxes, you will be doing so based on the current law, Grapeson M. Wilson, CPA, MBA, has clarified to Reader's Digest. This can't be emphasized enough because 78 percent of Americans polled by Liberty Tax were at least slightly concerned about tax reform affecting their 2017 tax return, according to Liberty's Director of Compliance, Brian Ashcraft.

THE STANDARD DEDUCTION DOUBLES

One of the fundamental principles of our tax system is that your 'taxable income' is not your actual income but your actual income LESS either:

a standard deduction

OR

the total of all of your itemized deductions

The standard deduction is a fixed amount, and the TCJA nearly doubles it, says Josh Zimmelman, owner of Westwood Tax & Consulting. That means you can deduct $12,000 right off the top of your actual income before you even begin computing your taxes. For married-filing-jointly taxpayers, it's $24,000. Don't miss these things your tax accountant isn't telling you.

15 THINGS YOU SHOULD KNOW ABOUT THE DIFFERENT TAX BRACKETS

Tax-brackiet-advice-jerry-jonesThe 2017 Tax Cuts and Jobs Act went into effect on January 3. As part of the new legislation, all of the tax brackets have changed. For most Americans, the changes will offer some tax relief. However, the majority of the impact of the new legislation will be on businesses.

Both single filers and couples filing jointly will see differences in their tax liability. Let's take a look at 15 things you need to know about the new income brackets and tax rates and how they'll affect you.

1. 7 TAX BRACKETS REMAIN

The Act keeps the seven income tax brackets but lowers the tax rates for each. That means most Americans will see some relief when it's time to figure how to pay those taxes.

Don't Fall for These 20 Common Tax Myths

tax-return-myth-jerry-jones-cpaOWE NO

To say the U.S. tax system is confusing is an understatement, so it's no wonder there are many misconceptions about the rules. The good news is that most people make less than $100,000 in a year and have no income other than their paychecks, so they can fill out the comparatively brief and very direct short form; almost everyone who uses the 1040EZ can fill it out themselves. For everybody else, though, the baffling mysteries of the tax code prevail, and can ultimately cost money. To help unravel some of the perplexities of the system, here are 12 common tax myths debunked. It might save money and sanity when the deadline rolls around.

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