Jerry Jones CPA
Wouldn’t it be nice to have a CPA that you deal directly with, that understands your business, that works in all 50 states and is there for you when you need him?
"For more than 30 years, I have relied on Jerry Jones to provide me with critical guidance for both investment decisions and tax strategies. His opinions have been crucial in helping me make the best possible business decisions, as well as providing me with sound advice regarding personal tax planning".
Steve Tillett

syber-crime-tax-adviceWhat You Need to Know to Protect Your Passwords

It's time to have a word about your password.

Many of us use the same sign-on and password over and over for our online accounts.

That's why phishing scams, which often seek password information, are so successful. Once a criminal has your password for one account, it's highly likely you've used the same sign-on information for other accounts.

tax mileage change2016 Standard Mileage Rates for Business, Medical and Moving Announced

WASHINGTON — The Internal Revenue Service today issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2016, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

IRS Tax Tips for Deducting Gifts to Charity

The holiday season often prompts people to give money or property to charity. If you plan to give and want to claim a tax deduction, there are a few tips you should know before you give. For instance, you must itemize your deductions. Here are six more tips that you should keep in mind:

3 Reasons You Might Get Audited by the IRS

Odds of a tax audit are actually quite low, but some things can raise them.

The odds of being audited by the IRS are low. Fewer than 1% of tax returns are singled out for review. Your chances can go up, though, if you raise certain red flags. Here are three of them.

Summary of Partnership Tax Changes in New Bipartisan Budget Act

Background

On 11/2/15, the Bipartisan Budget Act of 2015 (the Act) was signed into law. It includes some important new tax provisions dealing with partnership audits and family partnerships. The Act also eliminates some social security loopholes and repeals Section 1511 of the Affordable Care Act which required an employer with more than 200 employees to automatically enroll new full-time equivalents into a qualifying health plan if one is offered by the employer and to automatically continue enrollment of current employees. In addition, the Act includes several pension-related changes, and a host of other changes that will be of little interest to most tax professionals.

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