3rd Quarter Estimates are due September 15th

Red bow on finger

3rd quarter 2016 estimates are due Thursday, September 15th. Please contact our office at 314-993-4285 should you have any questions about your estimates or payments due.

Advertisements

AMT Alert!

UCCC LogoAttention: If you pay the alternative minimum tax, or AMT, you are not getting a tax deduction for the taxes you pay to the state of Missouri!

We have partnered with the University City Children’s Center to change this for you!

By making a donation to the UCCC, you will get many benefits:
– You will be supporting an excellent charity and helping today’s youth.
– You will earn a 50% Missouri tax credit.
– Your effective tax rate will be reduced.
– The IRS will recognize your Missouri estimate payment as deductible.
– The state of Missouri will give you a deduction as a charitable contribution.

If you are interested in learning more about how you could receive the benefits of a donation to the University City Children’s Center, please call our office at 314-993-4285.

For more information on the University City Children’s Center, please go to their website at www.uccc.org

Don’t let your state payments go to waste.

YOP LOGOWould you like to accomplish your charitable goals, reduce or eliminate your Missouri state liability, and give your money to somebody who actually needs it instead of giving it to the state?

If so, the Missouri Youth Opportunity Program is for you.

HKA has partnered with the University City Children’s Center, an excellent organization that promotes creative learning approaches for children, to get you the YOP tax credits you deserve! To make it easier, we have created an excellent process for you.

If you are interested in learning more about the Missouri YOP and our process, please don’t hesitate to call our office at 314-993-4285.

For more information on the University City Children’s Center, please go to their website at www.uccc.org.

Tips for Taxpayers Who Travel for Charity Work

Do you plan to travel while doing charity work this summer? Some travel expenses may help lower your taxes if you itemize deductions when you file next year. Here are five tax tips the IRS wants you to know about travel while serving a charity.

1. You must volunteer to work for a qualified organization. Ask the charity about its tax-exempt status. You can also visit IRS.gov and use the Select Check tool to see if the group is qualified.

2. You may be able to deduct unreimbursed travel expenses you pay while serving as a volunteer. You can’t deduct the value of your time or services.

3. The deduction qualifies only if there is no significant element of personal pleasure, recreation or vacation in the travel. However, the deduction will qualify even if you enjoy the trip.

4. You can deduct your travel expenses if your work is real and substantial throughout the trip. You can’t deduct expenses if you only have nominal duties or do not have any duties for significant parts of the trip.

5. Deductible travel expenses may include:

  • Air, rail and bus transportation
  • Car expenses
  • Lodging costs
  • The cost of meals
  • Taxi fares or other transportation costs between the      airport or station and your hotel

Have a question or want to hear more? Give HKA a call at  314-993-4285.

 

Taken from: http://www.irs.gov/uac/Newsroom/Tips-for-Taxpayers-Who-Travel-for-Charity-Work