Santa Barbara Tax & Accounting Services
Unfortunately, we are not accepting new client for the 2023/2024 tax season.
Specializing in Tax Compliance for Small Businesses and Individuals
Whether you operate a small business or you file individual taxes, you want your figures to be clean and accurate and keep you out of trouble with the IRS. The best way to achieve this is to collaborate with a specialized accounting firm.
At Santa Barbara Tax and Accounting services, your compliance process will be as smooth as possible. Here you’re more than figures on a page: you’re a real person who we build a business and personal relationship with.
If you run a small business, or files taxes as an individual, you’re a perfect match for us.
If you want to avoid problems, or you’re in a predicament already and are looking for a solution, or you simply want to get the financials off your desk, give us a call at (805) 979 6184. Let’s have a chat to talk about your situation and whether it’s a fit for us to work together. If not, that’s OK too.
Tax season is all year round –
Although most people won’t worry about their 2021 taxes until early 2022 when 2021 tax returns are due, self-employed individuals or anyone who must pay quarterly tax payments will want to plan ahead.
The following is a summary of the key changes for 2021:
- The standard deduction increased from $24,800 for a couple filing jointly to $25,100. For single filers, it jumps from $12,400 to $12,550. The standard deduction for heads of household will jump from $18,650 to $18,800. People aged 65 and older, as well as the blind, will get $1,350 more per person ($1,700 more per person if filing single). Unfortunately, the $4,150 personal exemption was repealed in January 2018.
- The child tax credit is $2,000 and starts to phase out at incomes of $400,000 for couples and $200,000 for individuals. This was a substantial increase due to the Tax Cuts and Jobs Act of 2017.
Areas of Practice