Small Business and Individual Tax Services plus much more...
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How to Save Time and Money when Filing Individual
and Small Business Taxes
Things You'll Need:
organized tax documents
organized business documents
organized personal finance documents
Step 1 Be Careful and Thorough. Avoid common problems like illegible hand writing, mathematical errors, transposition of numbers, and missing signature. These little oversights can end up costing you time and money if you are slapped with penalties.
Step 2 Get Organized. Allow enough time to get your "stuff" in order. For example, properly categorizing your expenditures now will save you a lot of time later. Come tax time, you will be glad you grouped your expenditures by category (match it with verbiage on Schedule C if self-employed) and not by month or name of vendor payee.
Step 3 Be Flexible. Timing your cash flow can save you money. In other words, always accelerate deductions in the year you are doing taxes for and always defer income, if you can, into the next year, thereby lowering your current year's tax bite. If you fall into the Alternative Minimum Tax, you may want a professional to advise you.
Step 4 Know When To Ask for Help. Tools like TurboTax and TaxCut are great, but people with anything more than a straight W-2 (including anyone with even the smallest business “Schedule C") should be aware of the limitations of these software programs.
Step 5 Don’t be Penny Wise and Dollar Foolish. Hiring an expert CPA or EA to prepare your return is a small annual investment that can pay off big! Don't do your taxes yourself unless you are a straight W-2 wage earner that takes the Standard Deductions (in other words, someone who doesn't itemize or have any unreimbursed employee business expenses).
Tips & Warnings
Insider Tip: If you are behind on filing your tax returns or owe money to the IRS, the best thing to do is hire a tax expert ASAP, preferably a professional organization with a solid reputation for helping people solve their IRS problems.
Try a respectable firm with experience in Tax Resolution Services that is dedicated to educating the public on tax planning and other strategies for managing their personal and business finances. Call
Robert C. Miller & Co.
120 Pine Meadow Road Wexford, PA 15090
Mon--Fri 9am - 4pm Extended hours during tax season