03 May Tax Planning: Getting Out In Front
How You Can Start Tax Planning Early
For most Americans, the end of tax season is a great relief. Tax season can be one of the most stressful times of the year, and when it’s over, many of us can finally relax. However, Jeff Pickering, CPA knows the benefit of staying on top of your taxes so the next season won’t be such a pain.
When it comes to tax planning, one of the biggest and most common mistakes made by filers is waiting too long to get started. When you wait too long to start your taxes, you are forced to rush. The process can become a mess as a result. In today’s post, we want to give you some tips on how to get the tax planning process started early, making it easier for you come tax season 2019.
Begin Looking At Proper Documentation
The first thing that any tax filer must do is find the right forms. A great way to get a jump on tax planning is to know exactly what forms you will need and to get your hands on those forms as soon as possible. For some people, this process is a bit more complicated, so professional help might be needed to figure out what forms you need.
You will also need to make sure you are squeaky clean on your end when it comes to documentation. Make sure you are keeping all your relevant receipts in the same place and keeping track of them as you go.
Begin Preparing Financially
Not all Americans have taxes to pay when tax season comes around. However, if you are one of the people who does have to pay taxes by the April deadline, start saving early. It might even be wise to save more than you need in the early months to alleviate stress when the deadline is approaching.
Arguably the biggest stressor of tax filers is not having proper funds to pay your taxes. This is usually caused by not enacting proper saving practices.
Consult A Professional
While there are ways for you start tax planning early on your own, the best way to truly get out in front of your taxes for next year is to get in contact with the professionals at Jeff Pickering, CPA. We go beyond simply getting forms together and keeping track of financial considerations. We offer professional planning, documentation preparation, and defending services that will get the most out of your tax planning.
Contact Us For Tax Planning Help Today’
Tax season may seem far away, but it will be here before you know it. The best tax planning strategy is to call Jeff Pickering, CPA for a consultation. We’ll get a plan in place for you that will help you find the best possible solution. Contact us today at (972) 378-5200 or email us for more information.