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James R. Kay, CPA. Helping you keep more of what you earn! A licensed CPA firm in Cedar Park, Texas. James Kay, CPA. I have been a CPA for over 25 years. I have been serving clients in the Cedar Park area for over 20 years. A full time CPA on staff to serve you. E-file transmissions are done at reasonable rates. Refunds usually within 10 to 14 days. Click here for details. Daytime, Evening, and Saturday appointments are available to fit your busy schedule. Located in Cedar Park Texas. Out of state returns.

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James R. Kay, CPA. Helping you keep more of what you earn! A licensed CPA firm in Cedar Park, Texas. James Kay, CPA. I have been a CPA for over 25 years. I have been serving clients in the Cedar Park area for over 20 years. A full time CPA on staff to serve you. E-file transmissions are done at reasonable rates. Refunds usually within 10 to 14 days. Click here for details. Daytime, Evening, and Saturday appointments are available to fit your busy schedule. Located in Cedar Park Texas. Out of state returns.

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2 professional attention

3 quick turn around

4 our hourly rates

5 convenient hours

6 new businesses

7 professional services

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9 bookkeeping services

10 financial statements

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https://cedarparkcpa.com

James R. Kay, CPA. Helping you keep more of what you earn! A licensed CPA firm in Cedar Park, Texas. James Kay, CPA. I have been a CPA for over 25 years. I have been serving clients in the Cedar Park area for over 20 years. A full time CPA on staff to serve you. E-file transmissions are done at reasonable rates. Refunds usually within 10 to 14 days. Click here for details. Daytime, Evening, and Saturday appointments are available to fit your busy schedule. Located in Cedar Park Texas. Out of state returns.

INTERNAL PAGES

cedarparkcpa.com

1

Incorporate

http://www.cedarparkcpa.com/2007_ind_changes.htm

James R. Kay, CPA. Helping you keep more of what you earn! Tax Law Changes for 2007. Restrictions on Charitable Contributions. All cash contributions made in tax years beginning after August 17, 2006, to any qualified charity must be supported by a dated bank record or a dated receipt. The amount you can deduct for each exemption has increased from $3,300 in 2006 to $3,400 in 2007. Adjusted Gross Income - Beginning of Phaseout. Adjusted Gross Income - Maximum Phaseout. Social Security and Medicare Taxes.

2

Save Time

http://www.cedarparkcpa.com/save_time.htm

James R. Kay, CPA. Helping you keep more of what you earn! Here are some things to consider that will speed up the tax return preparation process - this will save me time and you money. 1 If we did not prepare your last year's tax return, we need a copy of last year's tax return, including the state return if applicable. 2 We need birth dates for everyone in your family. Number of shares acquired. Cost of the shares including commissions and fees paid to purchase (add these amounts together). An estimate...

3

2003 Changes

http://www.cedarparkcpa.com/2007_bus_changes.htm

James R. Kay, CPA. Helping you keep more of what you earn! Tax Law Changes for 2007. First-Year Expensing of Depreciable Property. The maximum section 179 deduction you can elect for new or used property you placed in service in 2007 is increased to $112,000. This limit is reduced by the amount by which the cost of section 179 property placed in service during the tax year exceeds $450,000. Self-Employment Tax ( just another name for Social Security and Medicare Tax). The medicare wage base is unlimited.

4

Education

http://www.cedarparkcpa.com/real_estate.htm

James R. Kay, CPA. Helping you keep more of what you earn! What is a Real Estate Professional? The term Real Estate Professional was coined by the IRS to describe someone who spends over half of their time working in real estate businesses. You must meet three tests to qualify for this designation- explained later. What are real estate businesses? Real estate businesses include development, construction, acquisition, conversion, rental, management, leasing, and brokerage, but not investing. For example, ...

5

Education

http://www.cedarparkcpa.com/depr_179.htm

James R. Kay, CPA. Helping you keep more of what you earn! Generally, businesses can elect to expense up to $108,000 ($112,000 in 2007) of the cost of equipment, computers, furnishings, and other non-real estate type assets purchased and placed in service in 2006. These assets would normally be capitalized and depreciated over 5 to 10 years. However, with the proper election, they can be expensed in the year they are purchased and placed in service. Eligible assets may be new or used. Content on this pag...

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cedarparkcpa.com

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James R. Kay, CPA. Helping you keep more of what you earn! A licensed CPA firm in Cedar Park, Texas. James Kay, CPA. I have been a CPA for over 25 years. I have been serving clients in the Cedar Park area for over 20 years. A full time CPA on staff to serve you. E-file transmissions are done at reasonable rates. Refunds usually within 10 to 14 days. Click here for details. Daytime, Evening, and Saturday appointments are available to fit your busy schedule. Located in Cedar Park Texas. Out of state returns.

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