A Beginner’s Guide To Start Off A Great Tax Season
The tax season is just around the corner, and this time there will be a host of changes, mostly as a result of COVID-19. So, whether you are a business owner or an individual, it’s worth starting and preparing for it early on to help you get through the process quickly and easily.
Accounting and taxes have a lot of moving parts. Balancing your books and keeping organized records can be exhausting work. The best way to prepare for the tax season is to start early and schedule an appointment with your preparer. The sooner this is achieved, the sooner you will get your results and refund if applicable.
To help you with this, Syvertsen Accounting LLC has put together a Beginner’s Guide to start off a great tax season.
Getting Started
Gather Your Documents (Including last year’s tax forms): Make sure you stay on top of tax-related paperwork throughout the year and even the year before. It will make your life easier during tax season.
Round up any receipts you have for the tax year: You will need to collect all the receipts, including charitable donations, work-related expenses, and medical bills, or other items. The better organized your records are, the less time it will take to prepare your taxes.
Next Steps
Plan ahead for any refunds or amounts owed: If you expect a tax refund, make a plan for it in advance before splurging. Make sure to let your tax preparer know what you want to do so that it can be indicated on your return.
Advice From The Pros
Avoid missing or incorrect information: A simple oversight or omission of vital information could land you in major trouble with the IRS! So don’t be in the rush while doing your taxes, and more importantly, double-check before you send it off.
Ask questions: If you do not fully understand the process, let your tax preparer know, and they will make sure to help you every step of the way. Syvertsen Accounting LLC is here for you and will always strive to provide the best customer service so everyone involved has a good experience. If you have any questions, don’t hold back, as your questions are the key to a great tax filing experience.
At Syvertsen Accounting LLC, our goal is to prepare our clients to have the best experience possible and start the tax season right. We can relieve some of your stress and save you significant time and money with our services for businesses or individuals. So don’t wait; visit our website to learn more or contact Syvertsen Accounting LLC today.
