The Grand Slam of Tax Return Preparation
1. Organize. Organize. Organize.
- Organization is the most important aspect of tax return preparation, so start now!
- Figure out what method works best- software, a mobile app, or traditional filing cabinets
2. What is your projected income?
- Businesses create income projections, so can you!
- Projections should include anything with an impact on your income- salary and stock options, self-employed taxes, and anticipated deductions
3. Sit down with your CPA or a tax preparer
- Each year, people discover a lot of questions during tax season
- Now that your tax professional’s crunch time is over, schedule an appointment to discuss these with them and be better informed now and in the future
4.Review your records
- Now is the perfect time to check over your records
- Ensuring that everything was done correctly can help if your taxes are ever audited
- Be sure to check taxes your employer is withholding- instead of receiving a large refund each year, why not get the money now? We hope these tips help so that you can hit a Grand Slam on your next tax return!
Sources:
https://www.investopedia.com/articles/pf/07/tax_prep.asp
https://www.efile.com/tax-help-guides-tips-for-tax-return-planning-and-tax-return-preparation/
The Grand Slam of Tax Return Preparation
1. Organize. Organize. Organize.
- Organization is the most important aspect of tax return preparation, so start now!
- Figure out what method works best- software, a mobile app, or traditional filing cabinets
2. What is your projected income?
- Businesses create income projections, so can you!
- Projections should include anything with an impact on your income- salary and stock options, self-employed taxes, and anticipated deductions
3. Sit down with your CPA or a tax preparer
- Each year, people discover a lot of questions during tax season
- Now that your tax professional’s crunch time is over, schedule an appointment to discuss these with them and be better informed now and in the future
4.Review your records
- Now is the perfect time to check over your records
- Ensuring that everything was done correctly can help if your taxes are ever audited
- Be sure to check taxes your employer is withholding- instead of receiving a large refund each year, why not get the money now? We hope these tips help so that you can hit a Grand Slam on your next tax return!
Sources:
https://www.investopedia.com/articles/pf/07/tax_prep.asp
https://www.efile.com/tax-help-guides-tips-for-tax-return-planning-and-tax-return-preparation/
The Grand Slam of Tax Return Preparation
1. Organize. Organize. Organize.
- Organization is the most important aspect of tax return preparation, so start now!
- Figure out what method works best- software, a mobile app, or traditional filing cabinets
2. What is your projected income?
- Businesses create income projections, so can you!
- Projections should include anything with an impact on your income- salary and stock options, self-employed taxes, and anticipated deductions
3. Sit down with your CPA or a tax preparer
- Each year, people discover a lot of questions during tax season
- Now that your tax professional’s crunch time is over, schedule an appointment to discuss these with them and be better informed now and in the future
4.Review your records
- Now is the perfect time to check over your records
- Ensuring that everything was done correctly can help if your taxes are ever audited
- Be sure to check taxes your employer is withholding- instead of receiving a large refund each year, why not get the money now? We hope these tips help so that you can hit a Grand Slam on your next tax return!
Sources:
https://www.investopedia.com/articles/pf/07/tax_prep.asp
https://www.efile.com/tax-help-guides-tips-for-tax-return-planning-and-tax-return-preparation/
The Grand Slam of Tax Return Preparation
1. Organize. Organize. Organize.
- Organization is the most important aspect of tax return preparation, so start now!
- Figure out what method works best- software, a mobile app, or traditional filing cabinets
2. What is your projected income?
- Businesses create income projections, so can you!
- Projections should include anything with an impact on your income- salary and stock options, self-employed taxes, and anticipated deductions
3. Sit down with your CPA or a tax preparer
- Each year, people discover a lot of questions during tax season
- Now that your tax professional’s crunch time is over, schedule an appointment to discuss these with them and be better informed now and in the future
4.Review your records
- Now is the perfect time to check over your records
- Ensuring that everything was done correctly can help if your taxes are ever audited
- Be sure to check taxes your employer is withholding- instead of receiving a large refund each year, why not get the money now? We hope these tips help so that you can hit a Grand Slam on your next tax return!
Sources:
https://www.investopedia.com/articles/pf/07/tax_prep.asp
https://www.efile.com/tax-help-guides-tips-for-tax-return-planning-and-tax-return-preparation/
