Year-end tax planning is just around the corner, and here are tips to help you get ahead! If you have questions please give us a call right away.
Realize losses on stock while substantially preserving your investment position. There are several ways this can be done. For example, you can sell the original holding, then buy back the same securities at least 31 days later. It may be advisable for us to meet to discuss year-end trades you should consider making.
Businesses should buy machinery and equipment before year-end and, under the generally applicable "half-year convention," secure a half-year's worth of depreciation deductions in 2015.
Unless retroactively changed by legislation, property expensing is greatly reduced in 2015; making qualifying expenditures can still reap thousands of dollars in current deductions that you wouldn't otherwise receive. Beginning in 2015, the expensing limit is $25,000, and the investment-based reduction for the dollar limitation starts to take effect when property placed in service in the tax year exceeds $200,000.
On Aug. 17, Chad Van Houten, CPA and Manager chaired the CalCPA San Joaquin County Chapter Golf Tournament with Nate Miller, CPA and Principal. The tournament was held at the Spring Creek Golf and Country Club in Ripon and had 120 attendees. The proceeds benefit scholarships for accounting students attending local colleges and universities. Last year, the chapter gave away $9,900 dollars to local accounting students and this year they raised $14,000. These scholarships go to local accounting students from colleges like University of the Pacific, CSU Stanislaus, Humphreys, MJC, and Columbia.
Manoj joined Grimbleby Coleman as an Associate after four years in banking and 2 years in the transportation industry. In this role, he assists with tax planning engagements and business returns and greatly enjoys seeing his client relationships morph from professional to friendship. Manoj holds a Bachelor of Science in Business Administration with a concentration in accounting from California State University, Stanislaus.
A long time Livingston, California resident, Manoj stays very active in his community. He's been involved with Livingston Rotary, was a Livingston Planning Commissioner, and a Livingston Medical Group board member. He also volunteers at the Livingston Guru Sikh Mission. "And I would like to get involved with other organizations in the future."
In his free time, you might find Manoj traveling, enjoying time with his daughter, or relaxing with friends and family.
His favorite number is 21. "My dad, brother and I were all born on the 21st." How's that for a coincidence?