Happy tax day 2018! You are probably relieved if you have filed your taxes by today’s deadline. Or if you have filed an extension, you may feel you do not need to think about your taxes for some months. But now is not the time to forget about taxes. Rather, now is a great time to plan for your current year’s taxes.
Since taxes are on your mind right now, this is a good time to look at what you did right last year and what you would like to improve for next year. Now is the best time to plan, since all the information is fresh in your mind.
Some things to think about: Are you happy with your accounting solution? Have you had reports available all year to help you see what is going on with your business? What kind of information could you benefit from having throughout the year? If you did have to scramble at the last minute, would you like things to go smoother next year?
We do not prepare taxes. But we do help our clients to have good information available throughout the year so that they can make good business decisions. We also encourage our clients to reach out to their CPA or tax preparer throughout the year for tax planning.
Tax time doesn’t have to be a stressful time. If gathering information for your taxes this year was stressful for you, now is the time to strategize on how next year can be better. Although it seems like its a great time to forget about anything tax related, now is a great time to plan for the future and get ahead.
Reach out to us at firstname.lastname@example.org to see how we can help.
We also have a special video on how using Xero made BBB’s tax time less stressful and even fun! We hope you like it!