From our firm in Lubbock, Texas, BSGM provides a wide range of accounting and audit services to customers in multiple industries throughout the nation, as well as tax and other services to individuals, businesses, partnerships, etc. located in Lubbock and the surrounding South Plains of West Texas. Obtaining and retaining the confidence of our clients and our peers is a fundamental goal of BSGM.
Services
Bolinger, Segars, Gilbert & Moss, L.L.P. provides a wide range of services to individuals and businesses in a variety of industries.
At Bolinger, Segars, Gilbert & Moss, L.L.P., we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
The financial world is complex - BSGM can lend assistance when the need arises.
As part of the Telergee alliance of Certified Public Accounting firms, we have resources available to enable us to staff our jobs with personnel familiar with the industries in which we work.
At Bolinger, Segars, Gilbert & Moss, L.L.P., we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
The financial world is complex - BSGM can lend assistance when the need arises.
As part of the Telergee alliance of Certified Public Accounting firms, we have resources available to enable us to staff our jobs with personnel familiar with the industries in which we work.
BSGM has identified multiple industries in which we provide accounting and other services.
From audits and reviews to tax preparation, BSGM has been involved with multiple projects in agriculture industries such as cotton gins, fuel and supply companies, trade associations, and many other organizations.
We have identified partners and staff members to work in the agriculture arena, and make sure they are provided with educational training to ensure successful service to the clients involved.
We maintain memberships in industry organizations that provide us with avenues to research unique items, meet with peers in the industry at training venues, and just keep up to date on current issues impacting our clients.
From audits and reviews to tax preparation, BSGM has been involved with multiple projects in agriculture industries such as cotton gins, fuel and supply companies, trade associations, and many other organizations.
We have identified partners and staff members to work in the agriculture arena, and make sure they are provided with educational training to ensure successful service to the clients involved.
We maintain memberships in industry organizations that provide us with avenues to research unique items, meet with peers in the industry at training venues, and just keep up to date on current issues impacting our clients.
Have you just started a new business?
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Following are some generally recognized financial planning tools that may help you reduce your tax bill.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
It's possible there could be additional extensions, so check with your tax advisor for the latest information.
Employers need to report income tax withholding and FICA taxes for third quarter 2021 (Form 941) and pay any tax due.
Employers need to report income tax withholding and FICA taxes for third quarter 2021 (Form 941), if you deposited on time and in full all of the associated taxes due.
Exempt organizations must file a 2020 calendar-year information return (Form 990, Form 990-EZ or Form 990-PF) and pay any tax, interest and penalties due, if a six-month extension was previously filed.
Employers need to report income tax withholding and FICA taxes for third quarter 2021 (Form 941) and pay any tax due.
Employers need to report income tax withholding and FICA taxes for third quarter 2021 (Form 941), if you deposited on time and in full all of the associated taxes due.
Exempt organizations must file a 2020 calendar-year information return (Form 990, Form 990-EZ or Form 990-PF) and pay any tax, interest and penalties due, if a six-month extension was previously filed.
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