Services | M Long Manuel CPA San Antonio, TX 78229

Taxes

Tax Planning
In 1980, Sol left that national firm and founded Sol Schwartz & Associates. His vision was to have a tax and accounting firm that would be recognized as an eminent source for tax planning and compliance, along with providing accounting and audit services. The firm concentrated on providing the highest quality in training and research information for its staff.
Estate Taxes
IRS Representation
Tax Services
The tax team at Sol Schwartz & Associates, has the experience and the expertise to provide you with tax-saving strategies. From tax consulting, planning and compliance to tax credit guidance, we offer a full range of tax services no matter how complex your situation. Our team works year-round to help you minimize your tax liability and increase your peace of mind.
Income Tax
Exchange for rent. The business can deduct the rent, while the shareholder receives rental income reported on the individual income tax return. These transactions also run the risk of IRS reclassification. For example, if the rent exceeds market rates, lease payments could be treated as dividend payments.
Capital Gains Taxes
The shareholder generally will pay capital gains tax, which ranges from 15% to 20%, depending on the shareholder’s taxable income and filing status. Dividends also might be subject to the net investment income tax (NIIT). The 3.8% NIIT applies when modified adjust gross income exceeds the following thresholds...

Accounting

Accounting Services
An indispensable anti-fraud principle is the segregation of duties, which prevents employees from controlling multiple steps in business or accounting processes. This separation minimizes the risk of employees perpetrating undetected fraud schemes. Consider outsourcing payables and receivables to a third-party accounting service and implementing strict deposit procedures for individual store managers.
Payroll Services
Bookkeeping Services

Planning