INNOVATIVE ACCOUNTING SOLUTIONS
PERSONALIZED | PROFESSIONAL
Susan M Martin, CPA, PC is a full-service accounting firm serving clients throughout the area, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.
On this website, you will find information about Susan M Martin, CPA, PC, including our list of services. We have also provided you with online resources to assist in the tax process and financial decision-making. These tools include financial calculators, news and links to other useful sites. Whether you are an individual or business in or around Bethpage, Susan M Martin, CPA, PC has years of valuable experience assisting professionals with their accounting needs.
Year End Tax Strategy
The tax reform bill is not yet finalized, but there are two points that you may want to consider as you complete your tax strategy for 2017. As of 2018, the combined itemized deduction for real estate taxes and state income taxes will be limited to a cap of $10,000 for both. So, if you have a state estimated tax payment due in January, 2018 or you pay your real estate taxes personally and have a payment due in January; you might consider paying them in December, 2017 to get the deduction on your 2017 individual income tax returns.
Tip of the Month
Now is a good time for any individual taxpayer to approximate thier 2017 reportable income and deductions - they have 7 weeks to adjust their withholding or estimated tax payments to better reflect their "projected" 2017 tax liabilities.