Heemer Klein & Co -CPA's

read moreHeemer, Klein & Company, PLLC has prepared over 75,000 individual tax returns (Form 1040) since our inception over 40 years ago. If Turbo Tax or the high fees at H & R Block have frustrated you, we can help. From our Internet based tax preparation services via smart phones, emails, or our tax portal, to an appointment with our professional tax staff, we can make the filing process quick and easy. Call today for an appointment, free quote, or to get started. CPA in Sterling Heights, Warren and Richmond.

read moreHeemer, Klein & Company, PLLC is a full-service accounting firm serving clients throughout Richmond, Sterling Heights, Warren, and the entire southeastern Michigan area. We are dedicated to providing our clients with professional services, tax management services, and personalized guidance in a wide range of financial and business needs, including business accounting and estate tax planning. For your convenience, we offer two full-service business and personal tax accounting offices as well as tax management and tax preparation services.

read moreHeemer, Klein & Company, PLLC provides a wide range of services to individuals and businesses in a variety of industries. At Heemer, Klein & Company, PLLC, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Your business entity has a direct impact on your taxes and liabilities. As your business evolves, the staff at Heemer, Klein & Company, PLLC CPA is equipped to offer expert advice ensuring you are in an optimal position for success.

read moreLearn what your rights as a taxpayer are before dealing with the IRS. For more information call or contact us at our Sterling Heights, Warren, or Richmond location. Use the estimator to determine if you may be subject to an ACA penalty for not having the required health insurance in 2015. Use the link (Qualifying for an Exemption) found under "What are the Exemptions to the Provision" to determine if you may not be subject to the ACA penalty. Determine if you are subject to the new tax in 2014 on individuals not covered by a health insurance plan and do not meet an exemption.

read moreIn our paperless society, the question of how long to hold on to important paper documents has been questionable for most people. Financial documents or other items of Personal Identifying are first to come to mind. You don't want anything with financial or personal information to get into the wrong hands but how long do you need to keep other important documents? You do need to save certain documentation for financial and estate planning purposes and organize these documents for accessibility.

read moreFor 2020, the standard deduction amount for an individual who may be claimed as a dependent by another taxpayer cannot exceed the greater of $1,100 or the sum of $350 and the individual's earned income (not to exceed the regular standard deduction amount). There will be no personal exemption amount for 2020. The personal exemption amount remains zero under the Tax Cuts and Jobs Act (TCJA). Capital Gains rates will not change for 2020, but the brackets for the rates will change. Most taxpayers pay a maximum 15% rate, but a 20% tax rate applies if your taxable income exceeds the thresholds set for the 37% ordinary tax rate.

read moreAll due dates assume that the date falls on a business day. If the due date falls on a holiday or weekend, the due date will be the next business day. Employees who work for tips - If you received $20 or more in tips during December, report them to your employer. You can use Form 4070 Employee's Report of Tips to Employer. Employers - Social Security, Medicare and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in December of this year. Individuals - Make a payment of your estimated tax for this year if you did not pay your income tax for the year through withholding (or did not pay in enough tax that way).

read moreThese calculators have been provided as a resource for you to help plan your financial matters. Enter your criteria and you will find answers with dynamic graphs and personalized reports.