Meyer Accounting & Tax Service

Interesting read......especially # 5

"Kindness multiplies and it enables possiblity. When we’re of service to people, we have the chance to make things better" said Seth Godin. Something to live by and a quick inspiring read to remind us that nothing "is just business". There are people depending on all of us to the kind thing.

I have helped several people start new businesses in 2020 and 2021 in the midst of the Pandemic. These people have the confidence and drive to make a go of their dream in the darkest of nights. If you want to start a new business but have lots of questions, don't hesitate to call me. Today is a great day to call your CPA!

The New Year always brings a fresh start and after the year we had last year we all need a fresh start. Ask yourself, Am I doing what I love? Life is short, don't wait to be happy!

For all you teacher's out there! You are most likely spending more than $250 in classroom expenses but at least its a start. In California you may be eligible to deduct use of your home office (non-deductible for Federal). If you have any questions dont be afraid to reach out. Today is a great day to call your CPA!

The #1 rule in creating financial security is to Pay yourself first. One of the easiest ways to do this as an employee is to make tax deferred contributions into your 401(k). In 2020, the IRS has increased the maximum annual contribution to $19,500. Contributing into your 401(k) today helps secure your tomorrow. Helpful hint- Over the last 15 years, I have increased my contribution percentage by 1-2% for every pay raise I received. Making a small increase in your contribution will not significantly affect your take home pay but it will have a significant impact on your account balance at retirement.

Happy New Year! I wish everyone a year full of prosperity, good health and great moments! The 2019 tax filing season is now begun and we are looking forward to providing all of our clients with valuable service and advice. It is not too late to do some proactive tax planning for 2019 and take control of your tax liability. Contact me to discuss possible tax solutions.