Congratulations! You filed your taxes on time and your payment (or refund!) is being processed as you read this. For some, this is an annual feeling of accomplishment. However, for many – maybe even you – it was a time of great stress, filled with blood, sweat and tears.
But it doesn’t have to be that way. By having a solid plan for next year, you won’t be scrambling to get your material together when tax time rolls around again.
Does your income fluctuate throughout the year? It’s possible to lower or even avoid the penalties by annualizing your income and making unequal payments. Even better, as a business owner, if you properly estimate your quarterly taxes, you save money by not paying late or underpayment penalties. It can also lower your risk of being audited by the IRS.
I know many business owners who start off each year with what seems like a great plan for keeping an organized system. You know what they say about the road to (tax) hell… it’s paved with good intentions. Losing your way isn’t just frustrating, it can be expensive!
Need a little help organizing your payroll and bookkeeping, or sorting out penalties from past mistakes? We can help you get on the road to recovery and not approach tax payment with the same sense of dread.
As an experienced CPA and tax attorney, I can help you comply with both the IRS and Pennsylvania state tax laws. We can even minimize your taxes through effective use of deduction, credits and other tools.
Schedule a consultation with us today, by calling 724-216-0704 or emailing at firstname.lastname@example.org.