Like root canals, it’s safe to say some people dread the annual tax filing season. This year can be remarkably different, thanks to a few proactive strategies. For more than 20 years, the CPA firm of Cheryl Hawkins Tax and Accounting in Jordan, MN, has specialized in assisting clients with realistic tax planning solutions.

Discover why getting a jump start on preparing your tax returns can result in the following money-saving outcomes:

• Identify Credits: You may be eligible for some credits and tax deductions with deadlines that come before the traditional IRS filing deadlines. Making certain purchases, such as vehicles, by the end of the year could help you take advantage of an energy-efficiency credit.
• Make Financial Adjustments: Planning ahead will help filers make any necessary adjustments regarding certain changes in your financials. These can include a drop in salary, retirement, or the birth of a child. Life modifications could have tax implications, potentially increasing or decreasing the amount of the filer’s tax obligations.
• Prevent Penalties: If a person fails to pay any taxes owed on time, they can get hit with a late penalty and interest charges. Doing a tax planning review now will determine if you need to make estimated tax payments before the end of the year to avoid surprise penalties.

As a professional tax preparation company, Cheryl Hawkins Tax and Accounting has the expertise to help clients with their unique tax planning circumstances. From changes in marital or employment status to starting a business or succession planning, you can count on receiving extensive knowledge and a personalized touch, all in a stress-free and judgment-free zone. 

Make this year’s tax filing season a breeze with useful tax planning tools you can implement now. Call Cheryl Hawkins Tax and Accounting today at (952) 222-8272 to discuss your unique situation. To learn more about other tax preparation services, visit the website.