It’s the beginning of Fall…who wants to think about the IRS or Income tax or me, your accountant? You have enough going on already with the summer ending and getting back into the groove.
The way to avoid that headache of the year is to talk to us now. Remember when you actually studied for that test, or did the research for that paper and you got the A? Well, the early Fall meeting accomplishes the same thing.
At the end of the year you’ll be getting paperwork from contractors, and you need to keep an eye out for certain things. You’ll also need to be sending out certain tax forms to those who may have done work for you. We can guide you through what to look out for.
We can also help review your quarterly payments for your estimated taxes to make sure they’re up to date so as to avoid any penalties that may be applied. At this point, you should know if you need to make any additional payments before the end of the year so you won’t get any surprises that will cause that major headache.
The two most important reasons to see us now are to see if there are any end of the year moves you can make and review your business’s finances. You may be able to lower your tax bill with a purchase or a donation and after a review of your finances, we will be able to tell you what you can afford. We will also provide you with a snapshot of what’s going on with your business; and we can discuss possible deductions you’ll be able to take on your return and what documentation you’ll need; another headache prevention tool.
There’s really not much to it; 45 minutes of your time now to prevent that knot in your belly in April!
Give us a call today.