Astorg & Jones CPAs, A.C.

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Astorg & Jones CPAs, A.C. Full service accounting firm to meet all of your business & personal needs. https://elocallink.tv/e/

Wouldn’t it be great if your employees could turn their unused paid time off (PTO) into other valuable benefits? A PTO c...
11/13/2026

Wouldn’t it be great if your employees could turn their unused paid time off (PTO) into other valuable benefits? A PTO conversion program lets them do just that. For example, workers could exchange leave for cash, retirement plan contributions, student loan assistance or a charitable contribution. Such a program may help you attract and retain talent by offering greater flexibility without substantially increasing benefits costs — all while reducing accrued PTO liabilities. But you’ll need to weigh these potential advantages against possible drawbacks such as employee burnout, administrative demands and compliance risks. Contact us to evaluate the tax and financial implications.

After losing a loved one, gathering tax records is an important step toward settling their affairs. The executor, estate...
11/12/2026

After losing a loved one, gathering tax records is an important step toward settling their affairs. The executor, estate administrator or other personal representative must show proof of authority to obtain records from the IRS. There’s generally a fee for copies of tax returns, but many tax return transcripts are available for free. A transcript shows most entries from the original return and may provide information from Forms W-2, 1099 or 1098 upon request. You might need to update the deceased person’s address with the IRS to receive correspondence. Contact us for help obtaining records and meeting tax responsibilities during this difficult time.

Your 2026 tax return isn’t due for months, but actions to reduce your tax liability generally must be taken by December ...
11/11/2026

Your 2026 tax return isn’t due for months, but actions to reduce your tax liability generally must be taken by December 31. Here are 8 year-end planning ideas that may save 2026 or future taxes: 1) Sell losing investments to offset capital gains. 2) Increase pretax or tax-deductible retirement plan contributions. 3) Consider a Roth conversion. 4) Bunch deductible expenses. 5) Donate appreciated investments. 6) Make charitable gifts directly from your IRA. 7) Prepay eligible tuition. 8) Increase withholding if you’re at risk for underpayment penalties. The best strategies for you depend on your specific circumstances. Contact us to review your situation while there’s still time to act.

The IRS has announced tax year 2027 annual inflation adjustments for nearly 70 tax provisions, including the tax rate sc...
11/10/2026

The IRS has announced tax year 2027 annual inflation adjustments for nearly 70 tax provisions, including the tax rate schedules, standard deduction amounts and other tax changes. The standard deduction rises to $16,600 for single filers and married couples filing separately, $24,925 for heads of household, and $33,200 for married couples filing jointly. These are increases of $500, $775 and $1,000, respectively. The maximum child tax credit goes up $100, to $2,300 per child, subject to eligibility requirements. The gift tax annual exclusion increases by $1,000, to $20,000 per recipient. Contact us to discuss how the changes could affect your tax situation and explore tax planning strategies.

Understanding self-employment tax is essential whether you’re a sole proprietor, partner, LLC member or employee with a ...
11/09/2026

Understanding self-employment tax is essential whether you’re a sole proprietor, partner, LLC member or employee with a side hustle. Learn how the rules work and explore ways to potentially lower the burden.

If one of your business’s customers files for Chapter 11 bankruptcy, an ordinary receivable could become a financial pro...
11/06/2026

If one of your business’s customers files for Chapter 11 bankruptcy, an ordinary receivable could become a financial problem. Recovery generally depends on the debtor’s resources, your claim’s status and the case’s outcome. Immediately halt any collection efforts related to the debtor. Also, speak with your attorney to assess the facts and, if appropriate, file a proof of claim so you can participate in any financial distributions. Depending on when the customer received its order from you, your claim may have priority. In addition to engaging legal counsel, contact us. We can help you account for any losses and make remediation plans.

Year end is a good time for businesses to review inventory that’s unlikely to sell. Donating excess goods to charity cou...
11/05/2026

Year end is a good time for businesses to review inventory that’s unlikely to sell. Donating excess goods to charity could free up space, support a worthy cause and potentially provide a tax break. But special rules apply. The deduction is generally limited to the lesser of the goods’ fair market value (FMV) or tax basis, though certain donations may qualify for an enhanced deduction. (Different rules may apply to inventory acquired during the year.) You also can’t deduct the same inventory costs twice. Before donating, determine the goods’ FMV and confirm the charity’s eligibility and required documentation. Contact us to discuss this and other tax saving strategies before year end.

If you’re thinking about making a large gift to charity before year end, options besides an outright gift of cash are wo...
11/04/2026

If you’re thinking about making a large gift to charity before year end, options besides an outright gift of cash are worth considering. One alternative is a charitable remainder trust (CRT). Funding one this year will provide a 2026 income tax deduction and other tax and nontax benefits. It may be particularly beneficial if you’d like to tax efficiently divest a concentrated stock position and create an income stream for yourself. But the trust is irrevocable and comes with complex tax rules. We can estimate your potential tax deduction and assess the overall income tax impact before you decide whether to set up a CRT and make a year-end contribution.

The spooky season is upon us, and the IRS is warning about tax credit “tricks.” In some cases, scammers promote nonexist...
11/03/2026

The spooky season is upon us, and the IRS is warning about tax credit “tricks.” In some cases, scammers promote nonexistent credits, such as a “Native American Tax Credit.” Others push credits that do exist, but that few taxpayers qualify for, including the Fuel Tax Credit. Beware of anyone promising unrealistically large tax savings or tax credits you can purchase. Tax fraudsters often operate on social media and urge people to “act fast” by saying that only a limited number of credits are available. The best defense against fraud is to work with reputable tax advisors who recommend legitimate strategies. Contact us for help.

Self-employment (SE) tax is the Social Security and Medicare tax paid by individuals who work for themselves. It isn’t j...
11/02/2026

Self-employment (SE) tax is the Social Security and Medicare tax paid by individuals who work for themselves. It isn’t just for sole proprietors. It may also apply to partners, LLC members, independent contractors and even employees who earn income from a side business.

The combined rate is generally 15.3%, consisting of 12.4% on net self-employment income up to the annual Social Security wage base ($184,500 for 2026), plus 2.9% on all net self-employment income for Medicare. Higher-income taxpayers may also owe the 0.9% additional Medicare tax.

Contact us to learn more. We can help you calculate your SE tax obligation and develop strategies to optimize your overall tax position.

Address

1107 9th Street, Ste. N
Vienna, WV
26105

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm
Saturday 8am - 6pm
Sunday 8am - 6pm

Telephone

(304) 422-6660

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