Tax Tips - Get Ready For Next Year's Taxes

Now that tax season is officially over for most people, you might be tempted to push it to the back of your mind. However, now is a good time to set up a system so you can keep your tax records safe and easy to find. Here’s how to make next year’s taxes easier:

  • Speak to a professional about tax minimization strategies you can employ now.
     
  • Worried about next year’s tax burden? Adjust your withholding to avoid getting a big bill at tax time.
     
  • Take action when your life changes. Getting married or divorced, having a child, incorporating a business – these are all life changes that may affect your taxes. Speak to a professional about updating your tax information.
     
  • Keep all of your tax documents organized in one place. Add files, documents, and receipts as they arrive.
     
  • Find a tax specialist. If you’re not currently working with a tax professional, now is a good time to interview one.

For more information on filing your taxes, speak with a qualified tax professional. If you would like a recommendation for a qualified tax professional, don't hesitate to contact our office.
 

Footnotes, Disclosures & Sources

Tip courtesy of IRS.gov

https://www.irs.gov/uac/Now-is-a-Good-Time-to-Plan-for-Next-Years-Taxes