Using This Years Taxes To Save On Next Years Taxes

Using This Years Taxes to​ Save on​ Next Years Taxes
You just got done paying taxes or​ filing an​ extension and are grumpy .​
If you​ are smart,​ you​ will use this miserable event to​ save some cash for next year .​
Using This Years Taxes to​ Save on​ Next Years Taxes
For most people,​ preparing and filing taxes is​ the​ equivalent of​ sticking a​ pin in​ a​ body part .​
It simply is​ not fun .​
Heck,​ it​ is​ not even amusing .​
One of​ the​ reasons is​ you​ inevitably find some part of​ the​ process where you​ wonder how you​ could possible not have more deductions or​ credits .​
You fully realize you​ should tweak your finances to​ maximize certain expense areas and,​ by God,​ you​ are definitely going to​ do it​ for next year .​
This admirable goal,​ much like a​ New Years Resolution,​ fades into antiquity after about a​ month .​
You should not let this happen!
There is​ no better time than now to​ proactively plan for savings on​ next year’s taxes .​
Having just completed your taxes,​ you​ inherently know where you​ got hurt .​
Even if​ you​ do not,​ you​ inevitably felt like you​ paid more than your fair share .​
To avoid this,​ you​ need to​ do some tax planning.
Stop groaning .​
Tax planning may sound boring,​ but it​ actually very exciting if​ you​ think about it​ the​ right way .​
If I​ told you​ a​ trip to​ Vegas would definitely result in​ $2,​000 in​ your pocket,​ would you​ be excited to​ go? Of course you​ would .​
Well,​ tax planning has the​ same the​ result .​
You need to​ focus on​ the​ amount of​ money you​ will save .​
The best way to​ go about tax planning is​ with a​ proactive accountant .​
Yes,​ they cost money,​ but they will save you​ far more than you​ spend and you​ can write off their fees .​
a​ win-win if​ ever there was one .​
When selecting a​ CPA,​ you​ want a​ proactive one .​
You want them to​ look at​ your tax return and tell you​ where money can be saved .​
Then you​ want to​ know exactly how much you​ would have saved last year if​ you​ had taken the​ recommended steps .​
Yes,​ it​ will be painful,​ but it​ will also motivate you​ to​ get on​ board with their plan and stick with it .​
Paying taxes this year was undoubtedly a​ painful experience .​
Analyze the​ specific areas that caused you​ pain,​ and next year will be blissful.
Using This Years Taxes To Save On Next Years Taxes Using This Years Taxes To Save On Next Years Taxes Reviewed by Henda Yesti on July 06, 2018 Rating: 5

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