We will transition back to our normal office hours of Monday through Friday, 8am to 5pm, and our door will always be open during our office hours. However, the following protective measures will remain in place, for the health and safety for all. Allowance for space and distance will limit the number of persons to a maximum of 4 per group/meeting.
Partition dividers will be used between office staff and visitors, when six feet spacing is not possible. We continue to strive to provide the highest quality services to all our clients, and we truly have appreciated your patience, trust and understanding during these challenging times.
Widner-Penter Company, P.A. is a full-service accounting firm serving clients throughout the Jonesboro and Northeast Arkansas area, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.On this website, you will find information about Widner-Penter Company, P.A., including our list of services.
Partition dividers will be used between office staff and visitors, when six feet spacing is not possible. We continue to strive to provide the highest quality services to all our clients, and we truly have appreciated your patience, trust and understanding during these challenging times.
Widner-Penter Company, P.A. is a full-service accounting firm serving clients throughout the Jonesboro and Northeast Arkansas area, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.On this website, you will find information about Widner-Penter Company, P.A., including our list of services.
Services
About Us
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With over 60 years of combined accounting experience, the shareholders of Widner-Penter Company, P.A. have been providing quality, personalized financial guidance to local individuals and businesses.
Our expertise ranges from basic tax management and accounting services to in-depth engagement services such as compilations, reviews, agreed upon procedures, estate accounting, consulting, financial planning, and financial statements.
Widner-Penter Company, P.A. is one of the leading firms in the Northeast Arkansas area.
Our expertise ranges from basic tax management and accounting services to in-depth engagement services such as compilations, reviews, agreed upon procedures, estate accounting, consulting, financial planning, and financial statements.
Widner-Penter Company, P.A. is one of the leading firms in the Northeast Arkansas area.
Services
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Widner-Penter Company, P.A. provides a wide range of services to individuals and businesses in a variety of industries.
At Widner-Penter Company, P.A., we strive to meet each client's specific needs in planning for the future and achieving specific goals in an ever-changing financial and regulatory environment.
At Widner-Penter Company, P.A., we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
At Widner-Penter Company, P.A., we strive to meet each client's specific needs in planning for the future and achieving specific goals in an ever-changing financial and regulatory environment.
At Widner-Penter Company, P.A., we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
Business
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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.
Financial
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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.
Due Dates
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It's possible there could be additional extensions, so check with your tax advisor for the latest information.
Individuals must pay the third installment of 2021 estimated taxes, if not paying income tax through withholding (Form 1040-ES).
Calendar-year corporations need to pay the third installment of 2021 estimated income taxes.
Calendar-year S corporations must file a 2020 income tax return (Form 1120S) and pay any tax, interest and penalties due, if an automatic six-month extension was filed.
Individuals must pay the third installment of 2021 estimated taxes, if not paying income tax through withholding (Form 1040-ES).
Calendar-year corporations need to pay the third installment of 2021 estimated income taxes.
Calendar-year S corporations must file a 2020 income tax return (Form 1120S) and pay any tax, interest and penalties due, if an automatic six-month extension was filed.
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