Well, maybe it\u2019s time you found out! Tax legislation can be very complex\u2026And\u2026It changes all the time\u2026<\/span><\/p>\n We make it a point to train and educate our CPAs and tax preparers on a regular basis\u2026We pride ourselves on\u00a0ALWAYS\u00a0<\/strong>being current and up to date on\u00a0ALL<\/strong>\u00a0tax legislation laws.<\/span><\/p>\n<\/div>\n You are taxed, like all US citizens, on your individual taxable income, which is your total gross pay, minus some allowed exclusions, exemptions, and deductions.<\/span><\/p>\n Tax rates are determined, depending on your taxable income. Sometimes you may have tax credits that apply, which may lower your individual tax liability.<\/span><\/p>\n Under the Internal Revenue Code of 1986 (the \u201cCode\u201d), gross income means \u201cincome from whatever source derived\u201d except for certain items specifically exempt or excluded by statute.<\/span><\/p>\n Sources of income could include capital gains, rents, dividends, alimony, compensation for services, pensions, interest, royalties, annuities, income from life insurance, pensions, and gross profits from a business, or income from S Corporations, trusts, or estates.<\/span><\/p>\n Statutory exclusions from gross income would include death benefits paid under a life insurance contract, interest on some state and local bonds, health insurance provided by your employer, pension contributions provided by your employer and other benefits or contributions paid by your employer.<\/span><\/p>\n Your\u00a0adjusted gross income<\/strong>, also referred to as your\u00a0AGI,<\/strong>\u00a0is determined by subtracting your deductions, or exemptions, from your\u00a0gross income<\/strong>. These deductions could include such items as business expenses, contributions to a retirement plan if you\u2019re self-employed, contributions to IRA\u2019s, some moving expenses, certain educational costs, alimony payments, and more.<\/span><\/p>\n To determine what your taxable income is, we reduce your AGI by any personal exemptions you are eligible for, and either the standard deductions that apply to you, or your itemized deductions.<\/span><\/p>\n We determine each case on an individual basis, determining how best to save you money. Personal exemptions are allowed for you, your spouse, and any dependents you may have. The amount of money allowed for each personal exemption changes annually, allowing for inflation rates.<\/span><\/p>\n You may be in a situation in which it would be more beneficial for you to itemize your deductions rather than just take your standard individual deductions\u2026This may save you more money on your taxes\u2026<\/span><\/p>\n Some examples of items that can be used as itemized deductions include state and local income taxes, business expenses for self-employed individuals, property taxes, mortgage interest payments, charity contributions, some investment interest, and medical expenses if they are more than 10% of your AGI, as well as, some miscellaneous expenses.<\/span><\/p>\n So\u2026Are You Sure?<\/em>\u00a0This is only the tip of the iceberg! Tax legislation changes every year\u2026Sometimes it changes within the year\u2026<\/span><\/p>\n But\u2026One thing is for sure\u2026And\u00a0never\u00a0<\/em>changes\u2026Tax legislation is complicated\u2026<\/span><\/p>\n Therefore\u2026If\u00a0you<\/em>\u00a0want to save the most on\u00a0your<\/em>\u00a0taxes\u2026And make sure\u00a0you\u00a0<\/em>are following all the proper tax legislation laws when\u00a0your<\/em>\u00a0taxes are filed\u2026Make sure\u00a0your\u00a0<\/em>CPA is current on tax legislation\u2026<\/span><\/p>\n We\u00a0ARE<\/strong>\u00a0Sure\u2026That\u2019s what we pride ourselves on\u2026Making sure\u00a0your<\/em>\u00a0taxes are done right, and in\u00a0your<\/em>\u00a0best interests\u2026<\/span><\/p>\n<\/div>\n [\/et_pb_text][et_pb_text _builder_version=”4.16″ text_font=”||||||||” text_text_color=”#ffffff” header_3_line_height=”1.7em” background_layout=”dark” global_colors_info=”{}”][\/et_pb_text][et_pb_text _builder_version=”4.16″ text_font=”||||||||” text_text_color=”#ffffff” header_3_line_height=”1.7em” background_layout=”dark” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][et_pb_divider _builder_version=”4.16″ global_colors_info=”{}”][\/et_pb_divider][et_pb_text _builder_version=”4.16″ global_colors_info=”{}”]<\/p>\n [\/et_pb_text][et_pb_contact_form email=”ronia@vandrdigital.com” title=”Any Question?” custom_message=”Questions from blog.||et_pb_line_break_holder||Name: %%Name2%%||et_pb_line_break_holder||Email: %%Email2%%||et_pb_line_break_holder||Phone: %%Phone2%%||et_pb_line_break_holder||Message: %%Commentaries2%%||et_pb_line_break_holder||” success_message=”Thank you! 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background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_divider color=”#ffffff” _builder_version=”4.16″ global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” column_structure=”1_3,1_3,1_3″][et_pb_column type=”1_3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ background_layout=”dark” global_colors_info=”{}”]<\/p>\n <\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”http:\/\/ucrancpa.wpengine.com\/wp-content\/uploads\/2018\/02\/yelp_logo.png” url=”https:\/\/www.yelp.com\/biz\/jonathan-l-ucran-cpa-llc-greenville-2″ url_new_window=”on” align=”center” align_tablet=”center” align_last_edited=”on|desktop” _builder_version=”4.16″ global_colors_info=”{}” align_phone=”center”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ background_layout=”dark” border_width_all=”2px” border_color_all=”#ffffff” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ fullwidth=”on” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_fullwidth_code _builder_version=”4.16″ global_colors_info=”{}”] Jonathan Ucran can resolve those issues for you.[sg_popup id=2][sg_popup id=2]Quality that Withstands Review [sg_popup id=2]Jonathan Ucran is an extremely knowledgeable Certified Public Accountant who has over twenty years of experience working with all manners of personal and professional clients. He can provide you with a fast, inexpensive, and most importantly accurate tax return. Jonathan is […]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"yoast_head":"\n<\/h2>\n
Individual Income Tax:<\/strong><\/span><\/h2>\n
Adjusted Gross Income:<\/strong><\/span><\/h2>\n
Taxable Income:<\/strong><\/span><\/h2>\n
Tax Legislation:<\/strong>\u00a0<\/strong><\/span><\/h2>\n
Are You Sure?<\/em><\/strong><\/span><\/h2>\n
Do you have any question?<\/h3>\n
Please fill in the following form.<\/h4>\n
Ucran & Company, LLC<\/h1>\n
Smithfield Office: 651 Putnam Pike, Greenville, RI 02828 401-349-5300<\/h3>\n
Warwick Office: 2181 Post Road, Warwick, RI 02886 401-921-0902<\/h3>\n
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accounting services
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