Tax and Money Tip this Week:
Good Communication is Key to Lowering Taxes
October 23, 2019 | No. 456
After over 30 years in the tax business, we continue to find that solid accounting and good communication with your CPA is the key to lowering taxes.
Solid bookkeeping for your business enables you to take the most deductions possible while minimizing taxes.
Year-end tax planning also helps to prepare for what to expect on April 15th, prevents unwanted surprises, and saves a lot of taxes for our clients through this valuable service we offer this time of year. We frequently save our fees through solid recommendations.
Business owners are always looking for ways to maximize profits and minimize expenses. Occasionally, you may be approached by folks other than us regarding estate or investment planning.
A quick (even 15 minute or less) phone call with your trusted advisor CPA about topics such as these can help you be confident that you have considered all the financial and tax impacts on you, your company and your family.
When you are considering any significant financial decisions, we are available.
Give us a call. Sometimes it can mean saving thousands of dollars.
Mark Vitek, CPA/PFS, CFP®
…until next week.