Johnson CPA Group, PLLC
Here are the answers to some of the most Frequently Asked Questions our firm receives.
REMEMBER: The information found on this website is general in nature and may not apply to the reader's situation. Therefore, the reader should not rely on the information on this website alone. Give us a call today for more information.
Q. What do you charge for your services?
A. Our fees depend on the service you need and the complexity of your situation. Please call us so we can discuss your specific situation with you.
Q. Are you accepting new clients?
A. Typically yes, but it depends on the time of the year. We have very limited availability during the tax season, so please call early!
Q. Do you provide payroll services?
A. We provide quarterly payroll reports to be filed with the IRS and Arizona. We do not run live payroll. Please contact us if you would like to be connected with a recommended payroll company.
Q. Do you file taxes for nonprofits?
A. We can file for small nonprofits who are below the $50,000 income threshold. If your nonprofit has income over the $50,000 threshold or sells merchandise, we can refer you to a firm who specializes in nonprofit taxes. Please call for more information.
Q. Do I need to visit your office to have my taxes prepared?
A. It is not necessary to visit our office. Many clients utilize our portal, mail, and fax to send their information to us. As a matter of fact, we deal with clients all over the world using these methods. For new clients, we encourage a meeting (in person or remote) so that we can discuss your unique tax situation. Please DO NOT email confidential information in email body or as attachments!
Q. How do I get to your office?
A. Our office is at 1760 E Pecos Rd, Ste 326, Gilbert, AZ 85295. We are on the third floor of the Rome Towers; please use the parking garage behind the building. Feel free to call for more detailed instructions if necessary.
Q. What industries do you serve?
A. Our staff has experience across a broad range of industries. We serve real estate agents and investors, HOAs, dog trainers and groomers, trucking businesses, restaurants, traveling nurses, doctors, gyms, pool builders, plumbers, electricians, landscape companies, lawyers, home renovators, marketers, therapists, automotive repair shops, and more.
Q. When are estimated quarterly taxes due?
A. Quarter 1: April 15th;
Quarter 2: June 15th;
Quarter 3: September 15th;
Quarter 4: January 15th
Due dates that fall on weekends or federal holidays will be moved to the following business day.
Q. How can I pay my tax payment, estimated tax payment, or extension payment?
A. You can pay online. For the IRS, go to https://www.irs.gov/payments. For Arizona, go to https://aztaxes.gov/Home/PaymentIndividual.
Q. I have an extension on my taxes. How long do I have until my taxes are late?
A. Your extension is good for 6 months from the original due date. HOWEVER, if you owe taxes, penalties and interest are accruing the longer you wait, so it's still best not to take more time than you need!
S-Corp and Partnership taxes: September 15th;
Personal and C-Corp taxes: October 15th;
Nonprofit taxes: November 15th
Q. Can you help me with my investments?
A. We have a Certified Financial Planner on staff, as well as being well acquainted with a number of registered investment advisory firms in the area. We can set up an appointment with either our own CPF, or with one of the registered advisory firms who can help you determine your goals and the strategies that you are comfortable with. If you are pleased with the recommendations, we will assist you with the implementation of the suggested strategies.
Q. It seems like everyone but me has a retirement plan! Can you explain the various plans available?
A. A good retirement plan can be an essential strategy for accumulating wealth. We think every business owner with taxable income from some source (whether from the business or not) should have a retirement plan to help defer taxes and to accumulate savings tax free! We can help design the PERFECT plan for your business and your circumstances.
Q. What is a reasonable wage for S corporation owners?
A. Ideally, the best way to set pay is to use an amount comparable to an individual being paid similar rate in your industry. Otherwise, we use a standard rule of 50\50. Basically, 50% of income available to owners should be taken as wages and the other 50% may be taken as dividends.