Professional Bookkeeping & Tax Service, Inc.

01/09/2014

Monthly Special! 1040 EZ Form Preparation only $55. Call us today and schedule your appointment! (702) 457-9800.

01/08/2014

Filing Tax Info: Child and Dependent Care Credit
You may be able to claim the child and dependent care credit if you paid work-related expenses for the care of a qualifying individual. The credit is generally a percentage of the amount of work-related expenses you paid to a care provider for the care of a qualifying individual. The percentage depends on your adjusted gross income. Work-related expenses qualifying for the credit are those paid for the care of a qualifying individual to enable you to work or actively look for work.

Expenses are paid for the care of a qualifying individual if the primary function is to assure the individual's well-being and protection. In general, amounts paid for services outside your household qualify for the credit if the care is provided for (i) a qualifying individual who is your qualifying child under age 13 or (ii) a qualifying individual who regularly spends at least 8 hours each day in your household.
Contact us for further information at (702) 457-9800

01/07/2014

Tuesday Tax Tip:Review last year’s tax return. What kinds of deductions you were able to use? Update this year’s records so that you can maximize those same deductions.

01/07/2014

The IRS will begin processing most individual income tax returns on Jan. 30 after updating forms and completing programming and testing of its processing systems. The IRS anticipated many of the tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), but the final law requires some changes before the IRS can begin accepting tax returns.

01/03/2014

Getting ready for tax season! Start now! Gather all income-related paperwork. This could include W-2 forms if you have a "normal job," or 1099 forms if you're a private contractor. Also consider rental income, investment income, Social Security income, unemployment income and even lottery winnings. PBTSi can help you get prepared and filed. Call 702-457-9800. Or visit us at www.pbtsi.com

www.pbsti.com

01/01/2014

12/31/2013

PBTSi wants to Thank everyone for all your support 2013. Have a safe New Years Eve. May 2014 be a new beginning with lots of love and happiness.

12/27/2013

Year End Tax Tip: Make your fourth quarter state and local estimated tax payments by December 31, 2013. The payments are generally due January 15, 2014. By making the payments 16 days early, you can accelerate deduction of them by a year, from 2014 to 2013.

12/23/2013

Last minute Christmas gift idea! Bake some goodies, we all love sweets. Happy Holidays from PBTSi!

12/20/2013

Holiday Specials: Get your business back on track for the New Year! 10% off for new clients or existing clients get $10 off your monthly bill each new client referred. Call us at 702-457-9800

12/19/2013

What are the different types of Business Structures?


Sole proprietor - an individual who owns an unincorporated business by themself.

Partnership - a relationship where two or more persons join together to carry on a trade or business. Each person contributes money, property, labor or skill, and expects to share in the profits and losses of the business.

Corporation - a relationship where prospective shareholders exchange money, property or both, for the corporation's capital stock. Profits are taxed to the corporation when earned and then taxed to the sharehoders when distributed as dividends.

S corporation - a corporation, meeting certain criteria, that elects to be treated as and S corportation. Generally an S corporation is exempt from income tax; the shareholders report the S corporation's income, deductions, loss and credits on their individual tax returns.

LLC - an entity - statutorily authorized in certain states - that is characterized by limited liability for debts similar to that of a corporation, managed by members or managers and pass-through taxation similar to that of a partnership.