Preston Smith CPA

Accounting Specialist for Small Businesses in Tulsa, OK

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The Medicare Surtax

Are you carrying some big capital gains in your investment account? Thinking about selling your house at a gain soon?

You might want to consider the effect of the 3.8% Medicare Surtax included in the Patient Protection and Affordable Care Act before the tax kicks in next year.

The 3.8% tax applies to investment income for single taxpayers with modified adjusted gross income exceeding $200,000, or $250,000 for married taxpayers.

Net investment income includes income from any of the following:

  • Interest, dividends, royalties, annuities, rents
  • Net capital gains derived from the disposition of property
  • Income from passive activities
  • Trading financial instruments and commodities

Timing of harvesting capital gains could be critical in tax savings strategies this year.  If you think this tax might apply to you then you should initiate a discussion with your tax adviser prior to year-end.

Job Openings!

Preston Smith, PLLC is a growing Tulsa CPA firm with a great work environment. We offer excellent pay and benefits and opportunities for advancement.

Available Positions:

There are no job openings at this time.

Connect with Preston Smith

8118 East 63rd Street
Tulsa, OK 74133

Phone 918-250-1040
Fax 918-250-6664
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What are people saying?

Trustworthy professional…

Mr. Smith is a talented and trustworthy professional. His expertise with GAAP and his knowledge of the Internal Revenue Code make him an easy choice for any person or company requiring a professional accountant’s services. He is extremely personable and explains things in easy-to-understand terms. He really knows how to make a person feel comfortable […]

Ken Keever, Attorney at Law

Great advice…

I’m a designer. That basically means I use my right brain, 24/7. I’m not a numbers guy, I’m not a money guy, I’m not a paperwork and spreadsheets kinda guy. …that’s where Preston Smith comes in. He’s used to working with creatives — photographers, illustrators, designers, and startups / entrepreneurs. Preston’s given me some great […]

Carlos Moreno, Designer

Valuable addition…

Preston has been an awesome asset to our start-up company, I am not sure if I could have figured out some of the questions we had without his help! He has been an valuable addition to our team! Questions about our LLC, and QuickBooks, even how to answer tax form questions, he is available and […]

Angie Hammond - Owner, Pixel Dust, LLC

Preston is an expert!

Preston is an expert! I have used his skills both personally to file my own family’s tax return and as a resource to assist my small group clients. His knowledge is extensive and his experience is exceptional. As an independent insurance/employee benefits agent in the age of Obama Care there were literally thousands of pages […]

Jo Coop

Great Job!

Preston took over my tax records and preparation 5 years ago. We had just moved to Oklahoma and also changed our investments to another firm. Preston did a great job in working through all the tax and investment records and saved me a lot of money. His knowledge of tax law is a great asset. […]

Buster McCurtain

High level of service…

I used Preston Smith this year for my personal and business taxes and was very impressed with the high level of service I received. I feel that his knowledge and expertise provided great value not to mention he was quick to respond anytime I had a question.

M. Eakins

Difficult or obscure issues

I have had Preston prepare my personal and business returns and he always does a great job even when working with difficult or obscure issues…

D. Koehn

Services

  • Taxes
  • Assurance
  • Bookkeeping
  • Consulting
  • Family Office

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Location & Hours

8118 East 63rd Street
Tulsa, OK 74133
Phone 918-250-1040
Fax 918-250-6664
M-F: 8 am - 5 pm
Lunch: 12 pm - 1:30 pm

Job Openings!

Preston Smith, PLLC is a growing Tulsa CPA firm with a great work environment. We offer excellent pay and benefits and opportunities for advancement.
Send your resume to: resume@prestonsmithcpa.com

Available Positions:
Tax Preparer

Click to find out more!

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