Believe it or not, the 9th month of this year is upon us. Before you know it, it will be time for another tax season where you may find yourself struggling to find your so-called list of questionnaires or scrambling to find your tax documents or statements due to procrastination. As you prepare for the season ahead, I would like to encourage you to be mindful of the following listed main categories in anticipation of meeting with your tax professional, as these have the most significant impact on the potential of your income tax savings.
· Are you MAXIMIZING YOUR DEDUCTIONS
· Is your BUSINESS ENTITY WELL STRUCTURED
· Is your RETIREMENT PLAN and INSURANCE POLICIES up to date
· Your NICHE STRATEGIES
· Any Applicable ADVANCED STRATEGIES
Within these five categories are embedded core strategies you may be missing. Discuss these with Accountant or tax professional or feel free to always reach out to www.austhiacb.com for an in-depth analysis to learn and take advantage of maximizing your savings.
Our free, simple, and easy-to-use system analyzes your tax categories and helps you manage your tax records. We can easily categorize the transactions into appropriate categories with these tax categories and generate a report of the taxes owed. Our system automatically calculates the taxes owed based on your income for a particular month.