Tax time always seems to be just around the corner.
We here at Jo’s Tax Service have selected a few tips that may help
you get a head start on this coming tax season and ease your stress when
it finally comes. Yes, it’s early… But it’s never too early to be
prepared.
- Keep your receipts! If you did improvements to a rental property,
bought equipment for your business, even if you adopted a child… Keep
your receipts. If you’re not sure what receipts YOU in particular should
be keeping, call your local tax office to find out.
- Keep all your paperwork together. As your W-2s or 1099s come in, put them all in one folder.
- If you own your own business, keep some kind of profit and loss
handy. Even if it’s just a simple piece of paper where you write down
your expenses and income. It’s a hassle to track down at the last
minute. Keep it current as the year goes and you will free up so much
time and frustration later.
- Keep track of business miles through out the year. Again, keeping track as you go makes it easier when Tax Time actually hits.
- Get informed. Most tax offices that are open year round don’t mind
answering questions for their clients. It’s why they stay open year
round! If you’re not sure of how something is going to impact your tax
outcome, ask before you do it.
- Remember where you worked. Don’t let a stray W-2 that you forgot you
had coming cause you to amend. Amendments could possibly cost you some
money. No one likes spending out if they don’t have to.
- Research your tax office. Don’t just blindly choose. Really ask
around. Ask your friends and family how helpful their tax office was.
Did they have the answers they needed? Was it reasonably priced? Do they
feel that their tax office did the best they could? Know before time
comes so you can make an informed decision.
Visit our website for further information on how you can be prepared and how we can help you.
www.jostax.com | 
