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Mitchell Emert & Hill, P.C.: A professional tax and accounting firm in Knoxville, Tennessee: Retention Guide
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Mitchell Emert and Hill, P.C. The Crossroads of Service and Quality. Storing tax records: How long is long enough? April 15 has come and gone and another year of tax forms and shoeboxes full of receipts is behind us. But what should be done with those documents after your check or refund request is in the mail? Business Records To Keep. Personal Records To Keep. Business Documents To Keep For One Year. Correspondence with Customers and Vendors. Purchase Orders (other than Purchasing Department copy).
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Mitchell Emert & Hill, P.C.: A professional tax and accounting firm in Knoxville, Tennessee: Services
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Mitchell Emert and Hill, P.C. The Crossroads of Service and Quality. Mitchell Emert and Hill, P.C. provides a wide range of services to individuals and businesses in a variety of industries. At Mitchell Emert and Hill, P.C., we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Our professional services include:. Assurance and Advisory Services. Estate and Trust Planning and Tax Preparation. From start...
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Mitchell Emert & Hill, P.C.: A professional tax and accounting firm in Knoxville, Tennessee: Taxes
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Mitchell Emert and Hill, P.C. The Crossroads of Service and Quality. Being self employed, what sort of deductions can I take? To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary. If I have a large capital gain this year, what can I do? The intere...
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Mitchell Emert & Hill, P.C.: A professional tax and accounting firm in Knoxville, Tennessee: Business
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Mitchell Emert and Hill, P.C. The Crossroads of Service and Quality. What can I do to prepare my small business for the generation to come? Here are a few possible remedies to this problem:. Sell off the company. Remain as the owner, but contract others to manage. Keep ownership and management within the family. The most common causes for failure of the transition of the small business are as follows:. There is no strategy. The business is missing energy. Formulate a strategy focused on the family. Make ...
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Mitchell Emert & Hill, P.C.: A professional tax and accounting firm in Knoxville, Tennessee: Life Events
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Mitchell Emert and Hill, P.C. The Crossroads of Service and Quality. Buying or Leasing Your Next Car. Which is better, buying or leasing my next car? It depends on factors such as 1) what kind of deal you can make with the dealership, 2) the typical mileage you put on your car, 3) how much you wear down a car, and 4) the primary use for the car. Is there a possibility of deduction of any of the costs due to the car being used for business. How important is it to have ownership of the car. Another way is ...
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Mitchell Emert & Hill, P.C.: A professional tax and accounting firm in Knoxville, Tennessee: Tax Tips For Businesses
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Mitchell Emert and Hill, P.C. The Crossroads of Service and Quality. Tax Tips for Businesses. If your business is engaged in a qualifying production activity you may be able to take a tax deduction for your U.S. based business activities. The deduction is limited to income arising from qualified production activities in whole or in part based in the United States. The following are qualified production activities. Manufacturing based in the United States,. Organizational and Start Up Costs. Did you know ...
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Mitchell Emert & Hill, P.C.: A professional tax and accounting firm in Knoxville, Tennessee: Financial Tools
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Mitchell Emert and Hill, P.C. The Crossroads of Service and Quality. These calculators have been provided as a resource for you to help plan your financial matters. Enter your criteria and you will find answers with dynamic graphs and personalized reports. Does inflation impact my standard of living? How much am I spending? How much do I need for emergencies? Should I pay down debt or invest more? How long will my money last? Should my spouse enter the work force? What is my current net worth? Should I r...
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Mitchell Emert & Hill, P.C.: A professional tax and accounting firm in Knoxville, Tennessee: Tax Tips For Financial
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Mitchell Emert and Hill, P.C. The Crossroads of Service and Quality. Tax Tips for Finance. Following are some generally recognized financial planning tools that may help you reduce your tax bill. Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value. Health Savings Accounts (HSAs). Interest earned on these types of investments is tax-exempt. In addition to...
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Mitchell Emert & Hill, P.C.: A professional tax and accounting firm in Knoxville, Tennessee: Daily News
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Mitchell Emert and Hill, P.C. The Crossroads of Service and Quality. Below please find daily updates pertaining to the latest in financial, business, and tax news:. Taxpayer Advocate Service Feed. National Taxpayer Advocate Public Forum Transcripts. Wed, Aug 24, 2016. You] ask people, okay, if you had the choice between trying to find the answer to a government question online, yourself, or just picking up the phone and calling somebody, which would you prefer? Wed, Aug 24, 2016. Tue, Aug 23, 2016. Natio...
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Mitchell Emert & Hill, P.C.: A professional tax and accounting firm in Knoxville, Tennessee: Home
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Mitchell Emert and Hill, P.C. The Crossroads of Service and Quality. Gold Silver. Time. In todays fast paced world, time has become the most precious commodity. As your business partner, we at Mitchell Emert and Hill, P.C. understand these constraints and will work with you to find efficient solutions to your business problems and needs. Your satisfaction is our priority. We welcome you to contact us with your concerns, large or small. We are here to serve you. Mitchell Emert and Hill, P.C. Mitchell Emer...