dwinters

David Winters

About David Winters

David came aboard with Simons Bitzer & Associates as a Manager of our Tax Department in the Fall of 2013. Prior to joining our team, he worked his way up with Simon Property Group as he completed his MBA with an Accounting Specialization. Previously he worked with Blue & Company as a Senior Accountant. In his career, he has juggled multiple roles as a tax preparation specialist, special projects manager, and tax research specialist, along with managing a large number of customer accounts. David’s attention to detail, strong work ethic and care with customers make him a wonderful asset to our team.

Get the Maximum Benefit from a Casualty Loss Deduction

An unexpected casualty can wreak havoc emotionally and financially.  An itemized tax deduction may help ease the financial burden if your home, vehicle, or other personal property has been damaged or destroyed by an unforeseen disaster.

Typically, you claim a casualty loss in the taxable year the disaster happens.  But, if you’re in a federally

Views – 30

By |September 14, 2017|

How Much Do You Need to Retire?

According to the National Institute on Retirement Security, nearly half (45 percent) of working-age households don’t have any retirement assets. With less than one year’s worth of their annual salary in retirement savings, nearly two-thirds of those working-age households close to retirement (age 55 and older) are not well prepared.

To retire comfortably, how much

Views – 123

By |August 11, 2017|

New IRS Collection Policy Update

As we progress through 2017, be aware of major changes to the IRS Collection Policy.  According to accountingtoday.com “During the past five years, new laws and IRS administrative changes to collection policy have been frequent, and can be hard for taxpayers and tax professionals to keep up with.”  Stay informed and take a moment

Views – 232

By |April 27, 2017|

The Real Definition of “Dependent” May Surprise You

You may only think of a minor child who is living with you when you think of a “dependent”.  While this is true, you will want to remember that a dependent could also include children who do not live with you, a parent, or another relative.
Definition of a dependent. Qualifying children or other relatives

Views – 311

By |March 6, 2017|

New QuickBooks Phishing Scam Warnings

A new phishing scam is targeting users of Intuit’s QuickBooks accounting software.  Users should watch for emails with the subject line “QuickBooks Support:  Change Request”, which includes a claim that the business name has been changed and indicates that the recipient can cancel the request by clicking on a link within the email.  The

Views – 391

By |January 27, 2017|

Update Your W-4 to Adjust Your Withholding

If you received a big tax refund or owed a lot of money to the IRS for 2015 taxes it may be time to update your Form W-4 with your employer.  Form W-4 is the Employee’s Withholding Allowance Certificate which tells your employer how to calculate your federal income tax withholding and you should

Views – 882

By |April 5, 2016|

Smart Review Tactics Lead to Long-Term Business Success

If you are a business owner the majority of your day is likely spent monitoring operations and dealing with everyday problems.  Nevertheless, a comprehensive review can benefit your business so make sure you set aside some time and consider the following key areas:

Insurance coverage. It may seem convenient to opt for automatic renewal but

Views – 800

By |March 14, 2016|

Corporate Minutes Support Tax Deductions

If the IRS questions a choice made on your tax return, having well-documented corporate minutes can provide valuable supporting evidence.  When related-party transactions are involved, such as payments, loans or distributions between the company and you or other owners, corporate minutes become especially important.  As an example, the amount of your compensation may be

Views – 806

By |January 26, 2016|

Watch Year-End Mutual Fund Transactions

Mutual funds can have a complicated effect on income tax and can create undesirable year-end surprises if purchases or sales are poorly timed.

For mutual fund investors, taxes are based on activities within each fund (with the exception of qualifying retirement plans). Any income or gain must be passed on to shareholders when a fund

Views – 783

By |October 5, 2015|

Are Itemized Deductions Worth the Effort?

Save time and trouble (and maybe some taxes) by knowing the difference between the standard and itemized deduction.

When calculating your taxable income you have the option to use the standard deduction or an itemized list of qualified deductions.  If you have a large mortgage or sizeable charitable donations, itemizing will definitely be the way

Views – 701

By |August 25, 2015|