Proper planning for tax time is almost as important as properly filing your taxes. By knowing ahead of time what kinds of deductions you might be eligible for, you can make proper changes in your lifestyle and behaviors to maximize those deductions. For example, home based businesses are allowed to deduct home improvement expenses that are related to a home office. This means if you are planning on new paint and carpet, you can deduct a percentage of that cost based on the size of your home office.
Likewise, changes in your income from year to year can also have a substantial effect on how your taxes are calculated. With income increases, proper tax planning can help save you valuable tax dollars in the filing year to come.
We guide our clients through a full range of tax planning strategies that minimize your tax liabilities maximize your cash flow and keep you on track with your financial goals.
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