Important Tax Deadlines

Important Tax Deadlines

Important IRA Deadlines!

 

April 1, 2018: 

This is the Required Beginning Date (RBD) for IRA owners who turned 70½ in 2017. IRA owners have until April 1st to take their very first required minimum distribution (RMD) if the owner did not take it last year. Keep in mind that IRA owners who delayed this first RMD will still have to take their 2018 RMD by the annual December 31st deadline.

April 17, 2018:

For most taxpayers, this is the deadline for making 2017 contributions to a traditional or Roth IRA, HSA and/or ESA. April 17th (plus extensions) is the deadline to remove excess contributions made to your IRA(s) for 2017. Excess contributions must be removed in a timely manner to avoid the 6% penalty tax…. this penalty applies each year the excess amount remains in the IRA!

 

 

Source: www.irs.gov

Weekly Tax Tip

Weekly Tax Tip

State Inheritance Taxes Comparison Chart Inheritance taxes are imposed upon the individual receiving assets from a deceased’s estate. Only six states currently impose an inheritance tax:

Welcome to SWAP

Welcome to SWAP

Our firm provides outstanding service to our clients because of our dedication to the three underlying principles of professionalism, responsiveness and quality.

 

 

Professionalism

Our firm is one of the leading firms in the area. By combining our expertise, experience and the energy of our staff, each client receives close personal and professional attention. Our high standards, service and specialized staff spell the difference between our outstanding performance, and other firms. We make sure that every client is served by the expertise of our whole firm.

 

 

 

Responsiveness

Our firm is responsive. Companies who choose our firm rely on competent advice and fast, accurate personnel. We provide total financial services to individuals, large and small businesses and other agencies. To see a listing of our services, please take a moment and look at our services page. Because we get new business from the people who know us best, client referrals have fueled our growth in the recent years.   Through hard work, we have earned the respect of the business and financial communities. This respect illustrates our diverse talents, dedication and ability to respond quickly.

 

 

 

Quality

An accounting firm is known for the quality of its service. Our firm’s reputation reflects the high standards we demand of ourselves. Our primary goal as a trusted advisor is to be available to provide insightful advice to enable our clients to make informed financial decisions. We do not accept anything less from ourselves and this is what we deliver to you. We feel it is extremely important to continually professionally educate ourselves to improve our technical expertise, financial knowledge and service to our clients. Our high service quality and “raving fan” clients are the result of our commitment to excellence. We will answer all of your questions, as they impact both your tax and financial situations. We welcome you to contact us anytime.