Arthur Jayroe Certified Public Accountant

Accounting & Tax Preparation in Little Mountain, Chapin, Newberry and surrounding areas

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Client Tax Letter

Facing College Costs

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How much does it cost to send a child to college now? For the 2015- 2016 academic year, the College Board puts the average college costs, including cost of tuition, fees and room and board at private nonprofit four-year schools at nearly $44,000. The College Board estimates otherRead More >

This CPA Client Tax Letter is provided by Art Jayroe, CPA to its clients through an arrangement with the AICPA, which holds the copyright to the CPA Client Tax Letter and reserves all rights. Permission is required for any further redistribution or reuse of this content. Please direct any such inquiries to [email protected].

QTIP Trust Benefits

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For many people, trusts can play a role in estate planning. Indeed, a qualified terminable interest property (QTIP) trust may offer benefits to married couples. A QTIP trust benefits people who are in a second (or even a third) marriage especially, because it can prevent a second spouse fromRead More >

This CPA Client Tax Letter is provided by Art Jayroe, CPA to its clients through an arrangement with the AICPA, which holds the copyright to the CPA Client Tax Letter and reserves all rights. Permission is required for any further redistribution or reuse of this content. Please direct any such inquiries to [email protected].

Succession Planning for a Family Business

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If you intend to name a family member to succeed you in running your company, you have some advantages. The person you’ll name (probably your son or daughter, son- or daughter-in-law) is someone you can identify easily, without an extensive search. You know that person’s capabilities and shortcomings;Read More >

This CPA Client Tax Letter is provided by Art Jayroe, CPA to its clients through an arrangement with the AICPA, which holds the copyright to the CPA Client Tax Letter and reserves all rights. Permission is required for any further redistribution or reuse of this content. Please direct any such inquiries to [email protected].

Tax Credits for College

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If you’ve got a child preparing for higher education, you might be wondering what tax credits for college are available. The American opportunity tax credit (AOTC) is among the most valuable higher education tax benefits. Here’s an explanation: This tax credit (a direct reduction in your tax bill) equals 100%Read More >

This CPA Client Tax Letter is provided by Art Jayroe, CPA to its clients through an arrangement with the AICPA, which holds the copyright to the CPA Client Tax Letter and reserves all rights. Permission is required for any further redistribution or reuse of this content. Please direct any such inquiries to [email protected].

Deducting Taxes Paid

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When you file your 2016 federal income tax return next year, you have the option to take a standard deduction. For 2016, that’s $6,300 for single taxpayers and for married individuals filing separately; $12,600 for couples filing jointly and for certain widow(er)s; and $9,300 for those filing as headsRead More >

This CPA Client Tax Letter is provided by Art Jayroe, CPA to its clients through an arrangement with the AICPA, which holds the copyright to the CPA Client Tax Letter and reserves all rights. Permission is required for any further redistribution or reuse of this content. Please direct any such inquiries to [email protected].

Pros and Cons of Roth IRAs

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There are a lot of pros and cons of Roth IRAs. Some of the cons are: annual contributions are now capped at $5,500 ($6,500 if you’re 50 or older), Roth IRA contributions aren’t tax deductible, they’re available only to workers and their spouses, and they’re off-limits to high-income taxpayers.Read More >

This CPA Client Tax Letter is provided by Art Jayroe, CPA to its clients through an arrangement with the AICPA, which holds the copyright to the CPA Client Tax Letter and reserves all rights. Permission is required for any further redistribution or reuse of this content. Please direct any such inquiries to [email protected].

Client Tax Letter

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This CPA Client Tax Letter is provided by Art Jayroe, CPA to its clients through an arrangement with the AICPA, which holds the copyright to the CPA Client Tax Letter and reserves all rights. Permission is required for any further redistribution or reuse of this content. Please directRead More >

This CPA Client Tax Letter is provided by Art Jayroe, CPA to its clients through an arrangement with the AICPA, which holds the copyright to the CPA Client Tax Letter and reserves all rights. Permission is required for any further redistribution or reuse of this content. Please direct any such inquiries to [email protected].