We all have heard of spring cleaning but I want to encourage you to take a little time this fall to do some fall planning that could make a big difference for your 2016 taxes. A quick check in with your CPA can make sure you are taking advantage of all opportunities to minimize your tax bill. You may want to fine tune charitable contribution planning, retirement investment or other business investments that could positively impact your 2016 tax return AND your company or organization’s bottom line this year. Our team is constantly reviewing tax code and opportunities to make sure you can take maximum allowable expenses. Is some instances there are additional write offs available after you hit your maximum. There are also opportunities around health benefits and office equipment. Taking time now to review your expenses to date around business travel, Bank, ATM, credit card fees, professional development, books, workshops, conferences, association memberships will save time and hopefully money during tax season.
Our office is always ready to meet with you and review your current financials to help forecast for next year’s tax return, it’s one of the benefits of having a CPA as your business partner.