Tax time isn’t the only time of year that you should consider getting help from the accountants at Woloshen and Herman C.P.A. In fact, taxes are a year round issue, and every financial move you make has an impact on them. You want to be able to pay less and get more from your taxes as opposed to paying out more than you should. There are many ways to take advantage of the deductions and credits that the IRS allows, and an accountant can find them all for you to use.
There are so many decisions you can make with your money throughout the year that can affect your taxes. Did you buy a home? You are now eligible for certain deductions that can lower your tax liability. Did an investment you make pay off, and now you have to pay taxes on them? Making sure that they are reported under the right classification can make all of the difference in how much tax you pay. Even children can affect your taxes, what with childcare costs being deductible. All of these can be applied with the help of a CPA. Having your taxes done accurately reduces what you may owe, or can increase your refund. It all depends on what an accountant from Woloshen and Herman C.P.A. can do for you.
Sometimes, life takes a turn into running a small business, which adds a whole new level of tax responsibility. An accountant can help you with articles of incorporation, payroll taxes and how to handle profit/loss, equipment depreciation and more. If you’re just starting out, a sole proprietorship may be the best route to go, but if you start to grow, you’re going to need more help with your taxes. To that end, the accountant keeps an eye out on where your money is going throughout the year, makes sure your payroll taxes are remitted and shows you how to manage your receipts.
An accountant can be of invaluable assistance when it comes to managing money. If you feel that you are in need of help with your finances, contact a CPA today about what your options are. Click here for more information.
