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

What's New: IRS delays start to the 1040 filing season

The delayed passage of the American Taxpayers Relief Act of 2012 has put the IRS behind schedule. Due to several provisions of the law affecting 2012 tax returns, the IRS could not open the Form 1040 filing season for the majority of taxpayers until late January.

Those taxpayers filing Form 5695 (Energy Credit), Form 4562 (Depreciation), and Form 3800 (General Business Credit) will not be able to file until late February or possibly not until March. Apparently a large percentage of taxpayers in this group typically file later in the season because they have more complex returns.

The IRS must complete the updating of forms and computer programming and testing before it is ready to accept any filings either on paper or electronically. The IRS said that taxpayers will receive refunds faster by e-filing and using direct deposit.

If we can be of assistance to you in preparing any of your 2012 tax filings, please contact us.

Major Tax Deadlines For February 2013 

February 15

Deadline for brokers to provide 2012 Forms 1099-B and 1099-S to customers.

 

February 28

Payers must file 2012 information returns (such as 1099s) with the IRS. (Electronic filers have until April 1 to file.)

 

February 28

Employers must send 2012 W-2 copies to the Social Security Administration. (Electronic filers have until April 1 to file.)

NOTE: Businesses are required to make federal tax deposits on dates determined by various factors that differ from business to business.

Payroll tax deposits: Employers generally must deposit Form 941 payroll taxes (income tax withheld from employees' pay and both the employer's and employees' share of social security taxes) on either a monthly or semiweekly deposit schedule. There are exceptions if you owe $100,000 or more on any day during a deposit period, if you owe $2,500 or less for the calendar quarter, or if your estimated annual liability is $1,000 or less.

• Monthly depositors are required to deposit payroll taxes accumulated within a calendar month by the fifteenth of the following month.

• Semiweekly depositors generally must deposit payroll taxes on Wednesdays or Fridays, depending on when wages are paid.

For more information on tax deadlines that apply to you or your business, contact The Self Storage CPA.

Jerry Jones, The Self Storage CPA, Announces New Website

Site Offers Information Specific to the Self-Storage Industry

Phoenix, AZ (PRWEB) January 15, 2013

Jerry Jones, The Self Storage CPA, has announced the launch of his new website at http://www.theselfstoragecpa.com. In addition to information about Mr. Jones’ services, the new site offers a variety of links and a wealth of information specific to the self-storage industry.

For the past 25 years, Jerry has specialized in accounting and tax services for self-storage operators/owners. He has designed monthly/annual management reports to help the owners of facilities with cash flow and expense analysis. “I can give owners a monthly/prior year comparison and three-to-five-year comparative statements by facility,” he explains, adding that he has also designed a 13-month cash flow statement which is great for seasonal comparisons. All the income/expense statements are designed so that every line item is the same on every statement.

“Self-storage is a special asset class that requires industry-specific knowledge when it comes to accounting and taxes,” says Jones. “These reports were designed for self-storage operators to facilitate cash flow and operational management.”

IRS Standard Mileage Rates Increase - January 1, 2013

The IRS recently issued the 2013 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving expenses.

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