Posts tagged accountants in memphis
Don’t Be Afraid Of The IRS, The Griffith Firm Is The Memphis CPA That Will Fight For You
One of the big things we as Memphis CPA‘s hear from clients, is “I’ve got this notice from the IRS”. The next question out of our mouth is, “what does it say?” A lot of people will say, “I’ve got this letter from the IRS but I haven’t opened it”. So, the first step is, open the letter. At the Griffith Memphis CPA Firm we do have clients that bring us the IRS letter and say “please open this for me, I can’t open it”. So, open the letter, that’s step number one. Then take a deep breath.
Let A Memphis CPA Look Into Your Financial Future
A subject that I think is very important as a Memphis CPA and is a question that you should ask if you are a tax client is “can you project next years taxes?” Let’s say that you just got done preparing your personal income tax return for the current year. As a Memphis CPA I think the question you should ask is, “what are next years taxes going to look like?”
Every New Business Should Consult A Memphis CPA
The Griffith Memphis CPA Firm asks the question, “what do you need to do when you start a new business? We have people that come to Griffith Memphis CPA all the time that are all fired up, they have a great idea they’ve built a better a better mouse trap and they say, “what do I do next?”
A Memphis CPA Can Save Your Business
One of the things we deal with a lot as a Memphis CPA are small business and record keeping. So much paper goes in and out of offices and the biggest question is how do I deal with this mess of stuff? How do I put it into some sort of order that is going to help me?
As a Memphis CPA we get clients that ask, so, what tax bracket am I in?” At Griffith Memphis CPA we also hear people say, “what happens if I have this additional income?” Let me explain how the tax brackets work. The tax brackets are stair steps. Initially you may start out at a lower bracket, lets say the 10% bracket. Up to a certain point of your income, when your income gets to a certain point then you get into the 15% bracket. Now, that doesn’t mean that all of your income is going to be taxed at 15%. It just means that each additional dollar that you receive is going to be taxed at 15%.