Abbas, Dutson & Cundari, Certified Public Accountants

Bookkeeper for various clients of our firm, including sales tax filings and business property tax filings.

Busy CPA Tax Office in Mission Valley in need of an experienced tax preparer during tax season. Must have experience with Lacerte tax software. Position also includes organizing and scanning tax documents. Flexible hours between 30-40 hours per week. This position is temporary and ends on April 18, 2022. Would consider for future tax seasons.

Tax planning for the year ahead presents similar challenges to last year due to the unknown fate of the numerous tax extenders that expired at the end of 2014.

These tax extenders, which include the mortgage insurance premium deduction and the sales tax deduction that allows taxpayers to deduct state and local general sales taxes instead of state and local income taxes, may or may not be reauthorized by Congress and made retroactive to the beginning of the year.

In the meantime, let's take a look at some of the tax strategies that you can use right now, given the current tax situation.

Tax planning strategies for individuals this year include postponing income and accelerating deductions, as well as careful consideration of timing related investments, charitable gifts, and retirement planning.

General tax planning strategies that taxpayers might consider, include the following:

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You must keep records to prove the amount of any cash and noncash contributions you make during the year. Which records you must keep depends on the amount you contribute and whether they are cash or property contributions.

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Got kids? They may have an impact on your tax situation. Here are eight tax credits and deductions that can help lower your tax burden.

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San Diego, CA CPA Firm | Newsletter Page | Abbas, Jenson & Cundari CPAs Take a look at our Newsletter page. Abbas, Jenson & Cundari CPAs is a full CPA firm located in San Diego, CA.

Tax law allows you to deduct two types of travel expenses related to your business, local and what the IRS calls "away from home."

First, local travel expenses. You can deduct local transportation expenses incurred for business purposes such as the cost of getting from one location to another via public transportation, rental car, or your own automobile. Meals and incidentals are not deductible as travel expenses, but you can deduct meals as an entertainment expense as long as certain conditions are met (see below).

Second, you can deduct away from home travel expenses, including meals and incidentals, but if your employer reimburses your travel expenses your deductions are limited.

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San Diego, CA CPA Firm | Newsletter Page | Abbas, Jenson & Cundari CPAs Take a look at our Newsletter page. Abbas, Jenson & Cundari CPAs is a full CPA firm located in San Diego, CA.

Retirement Contribution Limits Announced for 2015

The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2015.

In general, many of the pension plan limitations will change for 2015 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. However, other limitations will remain unchanged for 2015. Here are the highlights:

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If you are an independent contractor or run your own business, there are a few basic things to know when it comes to your federal tax return. Here are six tips you should know about income from self-employment:

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San Diego, CA CPA Firm | Newsletter Page | Abbas, Jenson & Cundari CPAs Take a look at our Newsletter page. Abbas, Jenson & Cundari CPAs is a full CPA firm located in San Diego, CA.