Jagpat & Associates, CPA

10/07/2022

10/06/2022

Why do you need a bookkeeper?

10/06/2022

04/16/2019

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01/01/2018

12/11/2017

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Interesting Tax Fact

The first income tax in the United States came about with the Revenue Act of 1861. A flat 3 percent tax on income above $800 was used to fund the Civil War and repealed 11 years later. In 1894, a new flat federal income tax was ruled unconstitutional by the U.S. Supreme Court. It was not until the 16th Amendment was ratified in 1913 that the federal income tax finally stuck for good.

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Tax Preparation that comes with guarantees.

12/08/2017

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Why you should hire a CPA to do your taxes?

The complexity of the tax code

There are more than 72,000 pages of federal tax rules – not to mention the hundreds of recent tax-law changes. It is rare that an individual untrained as an accountant or tax lawyer can even begin to be familiar with the federal tax code. Because of this complexity, chances are you’ll end up spending a dramatically larger amount of time (and stress) on your taxes than if you simply hire a professional.

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Tax Preparation that comes with guarantees.

07/27/2017

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Interesting Tax Fact

According to the IRS, the average time it takes to complete a Form 1040 is 16 hours; a 1040A takes seven hours; and a 1040EZ takes five hours. Overall, the average is 13 hours. In 2016, the IRS processed 152.25 million individual tax returns, equivalent to about 82.5 million days' worth of prep time.

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Tax Preparation that comes with guarantees.

07/26/2017

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Why you should hire a CPA to do your taxes?

Save Money

The expert advice that you receive from your CPA can translate into potentially saving thousands of dollars on taxes. In this regard, hiring a CPA can be viewed as an “investment”.

www.jagpat.com
Tax Preparation that comes with guarantees.

07/25/2017

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Interesting Tax Fact

Even Albert Einstein found taxes inscrutable. He once said, "The hardest thing in the world to understand is the income tax" (that is, according Leo Mattersdorf, the math genius' tax preparer).

www.jagpat.com
Tax Preparation that comes with guarantees.