
Jamie Corsetti, CPA, APC provides quality, personalized financial guidance to local individuals and businesses. Jamie Corsetti, CPA, APC expertise ranges from basic tax management and accounting service to more in-depth services such as audits, reviews and financial statements. Jamie Corsetti, CPA, APC is one of the leading firms in and throughout Eureka.
By combining our expertise, experience and the team mentality of our staff, we assure that every client feels like family while they receive the attention they deserve. Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year. Our mission is to help our clients meet their goals and maintain a warm, personal relationship with each of them while offering a high-quality of excellence and professionalism.
Our staff is always ready to address any concerns or questions you may have. Jamie Corsetti graduated from Humboldt State University in 1995 with a Bachelor of Science in Business Administration with an emphasis in Accounting.
By combining our expertise, experience and the team mentality of our staff, we assure that every client feels like family while they receive the attention they deserve. Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year. Our mission is to help our clients meet their goals and maintain a warm, personal relationship with each of them while offering a high-quality of excellence and professionalism.
Our staff is always ready to address any concerns or questions you may have. Jamie Corsetti graduated from Humboldt State University in 1995 with a Bachelor of Science in Business Administration with an emphasis in Accounting.
Services
Services
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Jamie Corsetti, CPA, APC provides a wide range of services to individuals and businesses in a variety of industries.
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.
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.
Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws.
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.
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.
Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws.
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We are a full-service accounting firm located in Eureka, California.
We are dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.
On our website, you will find information about our firm including a list of services that we provide.
We have also provided you with online resources to assist in the tax process and financial decision-making.
These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites.
We are dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.
On our website, you will find information about our firm including a list of services that we provide.
We have also provided you with online resources to assist in the tax process and financial decision-making.
These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites.
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.
Trusts and estates need to file an income tax return for the 2020 calendar year (Form 1041) and pay any tax, interest and penalties due, if an automatic five-and-a-half month extension was filed.
Employers must establish a SIMPLE or a Safe-Harbor 401(k) plan for 2020 by this date, except in certain circumstances.
Individuals must file a 2020 income tax return (Form 1040 or Form 1040-SR) and pay any tax, interest and penalties due, if an automatic extension was filed.
Trusts and estates need to file an income tax return for the 2020 calendar year (Form 1041) and pay any tax, interest and penalties due, if an automatic five-and-a-half month extension was filed.
Employers must establish a SIMPLE or a Safe-Harbor 401(k) plan for 2020 by this date, except in certain circumstances.
Individuals must file a 2020 income tax return (Form 1040 or Form 1040-SR) and pay any tax, interest and penalties due, if an automatic extension was filed.
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