Marshall & Associates

Marshall & Associates We are your small business accounting, tax, payroll, bookkeeping and finance specialist in Columbia SC.

Marshall & Associates cater exclusively to the needs of small business owners. We are a CPA in Columbia specializing in small business tax preparation and bookkeeping, as well as payroll services, assistance with government compliance, and general small business advising. Our services are geared toward providing reliable solutions at competitive prices and our business model allows us to work wi

th you throughout the year to strategize and plan ahead. By doing so, we can help you potentially increase profitability, minimize tax liability, and avoid compliance issues.

The IRS is enforcing Nanny Tax rules that regulate whether a domestic worker you pay is considered a contractor or emplo...
10/28/2022

The IRS is enforcing Nanny Tax rules that regulate whether a domestic worker you pay is considered a contractor or employee.

The IRS is more strictly enforcing rules that determine whether a worker is actually your employee, rather than independent contractor. You have many extra tax responsibilities and expenses if you are an employer in the eyes of the IRS.

$13,200 more of your income is subject to Social Security taxes in 2023. Here are the details.
10/21/2022

$13,200 more of your income is subject to Social Security taxes in 2023. Here are the details.

2023 Cost-of-Living Adjustment (COLA) changes are here. This is what you need to know.

There's still time to lower your tax obligation. Here are five great ideas to consider.
10/14/2022

There's still time to lower your tax obligation. Here are five great ideas to consider.

Now is a great time to assess your current tax situation and address any lingering tax questions that may improve your tax picture this year. Here are five things to consider.

You can legally lower your tax by shifting unearned income to your children. Here are some ideas.
10/07/2022

You can legally lower your tax by shifting unearned income to your children. Here are some ideas.

The progressive nature of income tax rates offers taxpayers the incentive to transfer assets to lower earning taxpayers. Why not your children? Here are some tips.

Here are some tax planning strategies to consider before the end of 2022. Also read about some ideas to improve your per...
10/05/2022

Here are some tax planning strategies to consider before the end of 2022. Also read about some ideas to improve your personal cash flow and the ingredients of a successful business partnership.

Watching summer transform into beautiful fall colors can be just as mesmerizing as tax planning. Similar to looking closely for gorgeous autumn scenery, with tax planning you’re meticulously on the lookout for opportunities to cut your 2022 taxes. In this month’s newsletter, read about s...

Time to file your tax return for 2021 if you have not already done so. There is no reason to leave a possible refund on ...
09/30/2022

Time to file your tax return for 2021 if you have not already done so. There is no reason to leave a possible refund on the table, and the IRS is not going to beg to send you back your money.

The Form 1040 extended filing deadline is fast approaching. If you have not already done so, please consider filing your 2021 tax return in the next two weeks.

Effective tax rate and marginal tax rates are two figures every taxpayer should know. Do you know yours?
09/23/2022

Effective tax rate and marginal tax rates are two figures every taxpayer should know. Do you know yours?

What is the difference between a Marginal Tax Rate and an Effective Tax rate? Who cares? You might if you add a second job and see some of your tax benefits disappear. Here is what you need to know.

Medical expenses are on the rise. Here are some smart ideas for saving tax dollars on those medical bills.
09/16/2022

Medical expenses are on the rise. Here are some smart ideas for saving tax dollars on those medical bills.

Medical expenses are on the rise. If you know your options and plan accordingly, there are ways to save tax dollars on those medical bills.

Here's another tax credit, but one few will ever see. Look before you buy. Read on.
09/09/2022

Here's another tax credit, but one few will ever see. Look before you buy. Read on.

Think you will get the new electric vehicle credit beginning in 2023? Think again. Here is what you need to know.

New energy credit details and understanding the financial landmine if your car is ever totaled by insurance lead this mo...
09/07/2022

New energy credit details and understanding the financial landmine if your car is ever totaled by insurance lead this month's newsletter. Read on!

This month's newsletter recaps the details of the revamped electric vehicle tax credit and other energy credits in newly passed legislation. Also included this month are some tips to review your recurring monthly bills that seem to automatically creep up. And there is a revealing article on a financ...

Reminder: 3Q estimated taxes are due Thursday, September 15. Here are some things to consider.
09/02/2022

Reminder: 3Q estimated taxes are due Thursday, September 15. Here are some things to consider.

If you have not already done so, please plan to make your third quarter estimated tax payment. The due date is Thursday, September 15th.

The IRS requires contemporaneous records to prove deductions and credits. That means you can't go back later to get a co...
08/26/2022

The IRS requires contemporaneous records to prove deductions and credits. That means you can't go back later to get a copy of a receipt you forgot. Here are some tips.

The Internal Revenue Service has a vocabulary of their own. One of the more important is their use of the word contemporaneous. What does it mean, and why should you care?

Address

1 Harbison Way, Suite 102
Columbia, SC
29212

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(803) 832-4770

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