Be Proactive With Tax Preparation - PowerPoint PPT Presentation

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Be Proactive With Tax Preparation

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As much as we all despise having to prepare and file our taxes every year, approaching it proactively really is the best way to stay on top of them, and the only way to avoid making costly errors or risk missing deadlines that could incur penalties. – PowerPoint PPT presentation

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Title: Be Proactive With Tax Preparation


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Be Proactive With Tax Preparation
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  • As much as we all despise having to prepare and
    file our taxes every year, approaching it
    proactively really is the best way to stay on top
    of them, and the only way to avoid making costly
    errors or risk missing deadlines that could incur
    penalties.
  • Being proactive for many of us, means hiring a
    professional in plenty of time giving them ample
    occasion to assemble all of the paperwork and get
    any information from you that they might need.
    But what if youre still yet to be convinced that
    hiring an accountant is the best way to file your
    taxes on time? The following information, may
    just help you decide

3
  • Tax filing takes up a lot of timea professional
    will leave you free to focus on other things
  • Hiring an accountant will certainly free up your
    time, and safe in the knowledge that your taxes
    are in good hands, you can continue to run your
    business without the added stress and worry.

4
  • Tackling your own taxes also means getting to
    grips with the U.S tax code, and this can be
    complicated and tricky for laymen to understand.
    You may get your head around it eventually, but
    it will be time consuming as you try to assemble
    all of the relevant paperwork, and no doubt
    stressful. An accountant is trained to keep on
    top of the tax laws, as not only are they often
    complex, but they can change often, too.

5
  • Cant I just use tax preparation software?
  • Of course you can rely on online help, but it can
    often leave you uncertain of whether you qualify
    for a deduction, or not. Take health insurance
    premiums in some cases, they are a permissible
    deduction, but not always. Confusion can lead to
    you missing out on making savings, or risking an
    audit or a penalty if you make a deduction that
    youre actually not entitled to.

6
  • Surely I cant make too many mistakes by
    preparing and filing my own taxes?
  • If preparing and filing your own taxes was that
    simple, then there would be no need for
    accountants to even provide assistance with tax
    preparation. Filing your own taxes, means that
    you - and only you - are fully responsible for
    everything that you do, and without someone else
    to check your returns, you will be held fully
    responsible for any penalties or extra charges
    that you might incur. Even if you think that you
    can prepare everything yourself, it is advisable
    to hire an extra pair of professional eyes to
    check that you have everything you need, and to
    help ensure that you dont miss any deadlines.

7
  • Will professional help be available only at tax
    time?
  • No! The best accountants will work proactively
    with you all year-round, helping you develop a
    workable plan of action thats tailor made to
    suit your individual needs and circumstances.
    Leaving your tax preparation until the last
    minute is never advisable, but even if you have
    left things a little late, it is never too late
    until the deadline has passed!

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  • At Heyer Associates, we proactively assist our
    individual and small business clients in meeting
    their goals. Our key area of focus is ensuring
    that our clients remain compliant with federal
    and state tax laws by providing them with high
    quality accounting and tax preparation service in
    Miami. If you are looking for an bookkeeping
    services in Miami, Heyer Associates would be a
    right option.
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