It’s that time of year again when spring has sprung and the IRS is waiting. The key to getting your taxes completed and paid on time will rest in the hands of your tax preparer, and yours. The more prepared you are for filing your taxes, the easier this task will be for you and your tax preparation in Manhattan professoinal.
Getting Records Ready
In order to get your taxes ready for your preparer, it is important to get all of your records prepared. This will involve any past receipts that will affect the amount of taxes you may have to pay.
For instance, if you own a business and wish to deduct many of the small business deductions it is important to have these ready. Listed below are some of the items you can deduct for your business:
1. The amount of your health insurance if you are self-employed. The IRS will allow your health insurance to be fully deducted off the amount of your income.
2. The size of your office. In order to determine the business deduction for your business, it is important to list the square footage of your office. This will translate to a specific tax deduction.
3. Money paid to maintain the operation of your business. This may include Internet fees if you work online or memberships to sites you pay to join. Business lunches with clients and even gas mileage to complete your business.
Meeting with your Tax Preparer
It is important to be as prepared and organized as possible when meeting your tax preparer. Work to have all of your receipts neatly organized to discuss these with your preparer.
Be certain to go over any major changes in your marital status or life changing events which may affect the outcome of your tax payment or refund. It is possible a number of changes will have some type of major impact on what you owe the IRS.
Finally, rely on the tax assistance offered by C. York, CPA to meet all of your tax preparation needs. Simply be prepared and take the opportunity to save any way possible on your taxes.
