Tax Preparation and planning are all year-round

So, you finally hammered out your tax return with your accountant or CPA and submitted the tax return to the appropriate agencies.

And now it’s time to forget about taxes, right?

Not so fast??.

Tax preparation and planning are throughout the year.

There are some year-round things to keep in mind as they pertain to tax planning and filing.

? Keep all your tax documents organized as they come in throughout the year.

? Storing documents in an electronic filing system or keeping physical papers in clearly labeled folders are both effective ways of staying organized.

? Having tax documents organized will help taxpayers’ documents be available for tax season and assist in identifying possible deductions and/or credits.

Have a question about this or a different tax-related matter? Feel free to reach out!

#shomercpa #tax