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Top Tax-Planning Tips for 2019!

Dear <<First Name>>,

With the end of 2019 approaching, it’s time to start strategizing about how you’ll handle your federal tax bill come April. Tax rules can be complicated but taking some time to know and use them for your benefit can change how much you end up paying (or getting back). Here are some key tax planning strategies to put to work before you file your 2019 income taxes.

Understand your tax bracket: When you file your 2019 federal income tax return, knowing your tax bracket and federal income tax rates can help you estimate how much your total 2019 tax obligation will be.  This resource can help:

Put deductions and credits to work: Tax deductions and tax credits both reduce your tax bill, but in very different ways. Knowing the difference can create some very effective tax strategies to lessen your tax burden.

Tax deductions are specific expenses you’ve incurred that you can subtract from your taxable income. They reduce how much of your income is subject to taxes.  Examples include;

  • Medical and dental expenses
  • Home mortgage points
  • Work-related education expenses
  • State and local income, sales and property taxes
  • Personal casualty losses
  • Business use of your home
  • Home equity lines of credit and loans
  • Charitable contributions

Tax credits give you a...

Get the rest of these tips HERE →
Important Dates & Deadlines!

January 15, 2020–  Estimated quarterly payment due

January 31, 2020- 1099-MISC are due 

Should I Hire A Professional Bookkeeper?

Many business owners tackle the books on their own, but hiring an expert to take care of your books offers so many advantages. Consider these 5 benefits: 


Report Your New Hires!
It’s not just the law…it’s good business

As a Texas employer, you are an essential partner to the Texas Workforce Commission (TWC).  TWC’s mission is to promote and support a workforce system that creates value and offers employers, individuals, and communities the opportunity to achieve and sustain economic prosperity. If you have hired a new employee(s) recently, be sure to report your new hire. 
Here's how:
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Learn more about our services for businesses and individuals.
Contact us today!

Jeanine Hemingway, CPA, PC
(512) 291-9955

Our Services

Business Tax   Tax Planning    Bookkeeping/Accounting       Individual Taxes
Jeanine Hemingway, CPA | 512.291.9955 | |
 8700 Manchaca Rd., Ste. #304
Austin, TX 78748

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Jeanine Hemingway CPA · 8700 Manchaca Rd. Ste. 304 · Austin, TX 78748 · USA

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