Your company isn’t exactly like any other. So why would you think that just any tax preparation strategy could work equally well for you?
We cringe when we see business owners relying on off-the-shelf boxed software for tax prep. There is simply too much at stake. You might think you’re saving money up front, but you can end up losing out on significant cash-ola on the back end due to missed opportunities for deductions. And that’s just if you still file everything to the letter of the law. Fees and penalties from improperly filed taxes can deliver a crushing blow to your cash flow.
Why not do it right the first time? Find a tax preparer who understands your market, your business, and your unique circumstances. Find someone who will be meticulous, above-board and resourceful. Find someone who understands the tax codes well enough to identify every applicable opportunity.
We’ve said it before and we’ll say it again: proper tax preparation starts long before deadline day. It starts before the end of the fiscal year or calendar year. It’s an ongoing process that involves seeking opportunities throughout the year, tracking the proper items, and teeing yourself up for success. This doesn’t have to involve extra work and headaches for you. A good tax professional can consult with you any time to help you put an ideal set of processes and preparatory steps in place.
Think outside the box(ed software). Let us know if we can help.