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The April 15th tax deadline is fast approaching, but there's still plenty of time to get your documents in order and avoid the costly penalties that can come from procrastination. Hal Surratt CPA, a tax accounting firm serving the High Point, NC area, offers some last-minute tax preparation tips.

To minimize your tax liability, prevent mistakes, and increase your refund, Hal Surratt CPA recommends:

tax preparation

  • Staying Organized: Gather all of your relevant income statements, like W-2s and 1099s, as well as receipts for any tax deductible expenditures, like job search expenses, business expenses, and charitable contributions.
  • E-File With Direct Deposit: When you file your returns online, the IRS will process your refund quickly. When you have your return directly deposited, you'll receive your refund within 3 weeks and you won't have to wait up to two months for a paper tax return check.
  • Double-Check Before You File: Simple mistakes on your tax returns can cause major delays and even incur major penalties if you receive a refund in error. Transposing numbers, for instance, is a very common mistake that can delay your refund for several weeks.
  • Hire A Professional: With the help of an experienced tax preparation professional, you can be sure that you've taken advantage of all of the deductions available to you.

Hal Surratt CPA has built its reputation on having an in-depth knowledge of the tax code and a dedication to the welfare of clients. This team will ensure that your return is filed accurately and on time. Visit their website to see their long list of accounting services, or call (336) 861-4024 to schedule an appointment today.

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