Kujawa and Batteau, CPA

09/01/2022

Love supporting Centralia Chamber and Centralia.

Thank you to Kujawa and Batteau, CPA for your generous contribution to Balloon Fest Kids Sports & Games!

It's generosity like yours that keeps our community moving forward!

07/09/2022

Thank you to our wonderful Birdie Sponsors for partnering with us, we are forever grateful for your support!
Kujawa and Batteau, CPA

03/20/2020

We will still remain open for business. We will continue to process tax returns for those of you who have already dropped off your information.

For those of you that have yet to bring by their information, we do offer a secure file sharing portal on our website for your convenience, in order to upload any documents remotely.

If you choose to drop off your information during business hours, we ask that you call when you arrive and we will come out to you. Or feel free to drop off your information in our mail slot on our front door.

Thank you for your patience and consideration during this time.

08/09/2019

Working from home has its perks. You can skip the commute and you might be eligible to deduct home office expenses on your tax return. But you must meet the tax law qualifications. Under current law, employees can no longer claim home office deductions. But if you’re self-employed and run a business from your home, deductions may still be available. You might qualify if part of your home is used exclusively and regularly for administrative or management activities and you don’t have another fixed location where you conduct the activities. You also might qualify if you physically meet with clients/customers there or you use a storage area in your home for business. Contact us for details.

08/09/2019

If you’re lucky enough to be a winner at gambling or the lottery, congratulations! But be aware there are tax consequences. You must report 100% of your winnings as taxable income. If you itemize deductions, you can deduct losses but only up to the amount of winnings. You report lottery winnings as income in the year you actually receive them. In the case of noncash prizes (such as a car), this would be the year the prize is received. With cash, if you take the winnings in annual installments, you only report each year’s installment as income for that year. These are just the basic rules. Contact us with questions. We can help you minimize taxes and stay in compliance with all requirements.

07/26/2019

The Section 179 deduction has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of depreciating them over time. For 2019, the maximum deduction is $1.02 million, subject to a phaseout rule if more than $2.55 million of eligible property is placed in service during the tax year. Even better, the Sec. 179 deduction isn’t the only avenue for immediate tax write-offs for assets such as machinery and equipment. Under the 100% bonus depreciation tax break, the entire cost of eligible assets placed in service in 2019 can be written off this year. Contact us to learn how your business can maximize the deductions.

07/26/2019

You may have heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a housekeeper or other household employee (who isn’t an independent contractor) may make you liable for federal income tax, Social Security and Medicare (F**A) tax and federal unemployment tax. You may also have state tax obligations. In 2019, you must withhold and pay F**A taxes if your worker earns cash wages of $2,100 or more. You pay household worker obligations by increasing your quarterly estimated tax payments or increasing withholding from wages, rather than making a lump-sum payment. Employment taxes are then reported on your tax return. Contact us for assistance.

07/15/2019

Are you a volunteer who works for charity? You may be entitled to some tax breaks if you itemize deductions on your tax return. Unfortunately, they may not amount to as much as you think your generosity is worth. Because donations to charity of cash or property generally are tax deductible for itemizers, it may seem like donations of something more valuable for many people — their time — would also be deductible. However, no tax deduction is allowed for the value of time you spend volunteering or the services you perform for a charitable organization. However, you potentially can deduct out-of-pocket costs associated with your volunteer work. Many rules apply, so contact us with questions.

07/04/2019

07/03/2019

If you’re getting close to retirement age, you may be wondering if your Social Security benefits are going to be taxed. The answer depends on your other income. If you’re taxed, up to 85% of your payments will be hit with federal income tax. (There could also be state tax.) If you file a joint tax return and your “provisional income,” plus half your Social Security benefits, isn’t above $32,000 ($25,000 if unmarried), none of your benefits are taxed. If your provisional income is above those amounts, you must report a certain percentage of your benefits as income. Contact us for help with the exact calculations. We can also help you plan to keep taxes as low as possible during retirement.