North Carolina CPA certificate number: 35259
Temporary Social Security Tax Cut Extended through February
The Social Security tax rate was scheduled to revert to its normal rate of 6.2% for employees on January 1, 2012, ending a year-long temporary reduction in the rate to 4.2%. Whether this rate should revert to its normal rate or remain temporarily reduced become the topic of intense political discussion. In one of the last legislative acts of the year, Congress passed and President Obama on December 23, 2011, signed into law the Temporary Payroll Tax Cut Continuation Act of 2011 (HR 3765). This legislation provides that the tax rate paid by employees for Social Security remains at 4.2% through the end of February. Employers still pay the full 6.2% rate for their portion of Social Security.
Tax saving tips
Tax tips for the self-employed
If you have your own business, you have several choices of tax-favored retirement accounts, including Keogh plans, Simplified Employee Pensions (SEPs) and individual 401(k)s. Contributions cut your tax bill now while earnings grow tax-deferred for your retirement.
If you use part of your home regularly and exclusively for your business, you can qualify to deduct as home-office expenses some costs that are otherwise considered personal expenses, including part of your utility bills, insurance premiums and home maintenance costs. Some home-business operators steer away from these breaks for fear of an audit. But if you deserve them, claim them.
Welcome to the website of Joseph Guo, CPA, PLLC! We are a certified public accountant firm providing tax and accounting services to individuals and small businesses as well.
We are specialized in helping clients to reduce taxes legally through appropriate tax strategies and planning.
We provide highly professional and quality services with competitive rate. We are responsive. Your calls and emails to us will normally be returned within 24 hours.
We offer Free Consultation, Free Estimate, Free Personalized Recommendations for Tax Saving Strategies, Free Examination of any prior year's tax returns filed to determine if you may have paid too much and are entitled to a refund. we offer discounts to new clients. Call us at 910-443-7322 for details.
"Joe, Jeff and I send to you our most sincere "Thank You"! We appreciate your patience working with us and your promptness in returning our many e-mails. We know we made a good decision when we chose you to be our CPA! Again many thanks! " - From Jeff and Frances, Corrective Measures, "General Home Repair", Wilmington NC. Read More...
Joseph Guo, CPA, MBA was one of the top 8 new CPAs in the State of Ohio. He was commended by the Accountancy Board of Ohio for "Commitment to Excellence". Joseph is licensed in State of North Carolina and State of Ohio. He is a member of North Carolina Association of Certified Public Accountants. He is a Certified Quickbooks ProAdvisor. Read More...
Joseph Guo, CPA, MBA has been an accountant for over 20 years and a Certified Public Accountant for 12 years. Read More...
As a client, you will receive quality personal attention. We focused on accuracy, reliablility and professionalism. Your phone calls will be returned promptly, usually in the same day. You tax returns and any other compliance forms will be completed by or before promised date.
View Larger Map