This February business of the month we wanted to not only have a featured business but, businesses that can give you advice this tax season. We all know taxes can cause a headache if you don't have the right person assisting you in your filing, so, we asked 3 of our top CPA's "What is your best advice for everyone this tax season?" Find their answers and contact information below.
Certified Public Accountant
Nasif, Hicks, Harris & Co., LLP
Best Advice: Keep calm and trust your tax advisor! Not only are taxpayers dealing with filing their 2017 tax returns right now, they are also trying to understand the new tax law effective January 1, 2018 and how it will impact them. Contact your CPA, or engage a CPA if you do not have one, to take the anxiety out of the situation and to help guide you in making tax-efficient decisions for yourself, your family, and your business. We are here to help every step of the way.
Tax Senior Accountant
Barlett, Pringle & Wolff,LLP
Best Advice: My biggest piece of advice for everyone this tax season is to get their information to their tax professional sooner than later. There are several reasons why taxes aren’t something to procrastinate until the last minute. By filing early, or providing you information early, it will give you a head start on determining if additional forms or other information is needed. Additionally, it allows you to plan payments accordingly. Many people forget that on top of your income tax due on April 15, the first quarter estimate for 2018 is also due. Furthermore, we have recently seen a surge in identity theft involving fraudulent tax returns and one of the best ways to combat that is to file your return before someone else can file it for you. Finally, this past December Congress passed major tax reform. Providing your information early allows your tax professional to start planning ahead for 2018.
You can reach Abel at:
Certified Personal Accountant
Dennis Clark, CPA
Best Advice: Get your information to your accountant as soon as possible! Yes, the deadline is April 17 this year. But, the closer it gets to this date, the longer you will have to wait to get your return from your accountant (and your refund from the government!). And, if you end up owing tax, you don't have to pay it until the due date, and it is better to know about the payment sooner rather than later. So, only good things happen from getting all your info in early!