Why a Review of Your Tax Return Now Can Help You Later
From the birth of a child to the sale of a business, there are a number of life events that can impact your federal and state tax returns. With more than 20 years of experience in tax planning, Cheryl Hawkins Tax and Accounting in Jordan, MN, specializes in providing comprehensive reviews of unique tax situations and recommending adjustments to benefit the tax filer.
One of the m
ost important reasons why it’s important to have a periodical tax return review is to determine if family and employment changes are beneficial or detrimental. For instance, a tax filer could be eligible for child tax credits or exempt from paying penalties for not having national health care coverage.
When you meet with Cheryl Hawkins, you’ll receive a thorough assessment of any financial changes that occurred throughout the year. The sale of a house, car, or even filing for bankruptcy or divorce is likely to alter how your tax returns will be filed.
There might also be deductions and other financial interests that no longer apply to your business. This is especially true if the company has expanded or changed its structure from a sole proprietorship to a corporation model. Cheryl Hawkins Tax and Accounting will gladly walk you through all the changes to keep you informed and out of tax trouble.
Another reason why it’s critical to review your tax return is to avoid any surprises before tax filing deadlines. By taking a proactive approach, you’ll be able to address any concerns and make the necessary modifications to ensure compliance.
Cheryl Hawkins Tax and Accounting’s suite of tax planning services tackles a variety of life-changing situations, including retirement, new job relocation, starting a business, new stock options offered by an employer, and much more.
With a professional, patient, and experienced partner such as Cheryl Hawkins Tax and Accounting, you will get a jump start on your tax preparation through a review of your current financial situation. To schedule a consultation, call today at (952) 222-8272 or visit the website to complete the online request form.
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