Tax preparation should happen months before taxes are due, not a few days before. Many people wait until that week in April when taxes are due to prepare them, but there is a better way. The right tax planning can save you a lot of trouble and money, and Cheryl Hawkins Tax and Accounting of Jordan, MN, is here to help. 

Here are a few good reasons to begin preparing your taxes months ahead of the April due date:

• Reduce Your Stress: Filing taxes is never an easy task, and not many people enjoy doing it. However, if you have everything already prepared, your stress level will decrease during tax season. Knowing you have a professional team in place who already understands your financial picture makes the process easy, so you can focus on more important things.
• Become More Organized: Your accountant can help you come up with ways to file your papers and receipts. A good software accounting program will help you regularly track your income and expenses. By the time tax day rolls around, you will already have all the information and paperwork filed and ready to go. Being prepared with all of your paperwork makes it easier to complete your filing and take advantage of all the deductions you deserve.
• Save a Lot of Money: When you work with an accountant ahead of time to do tax preparation, you give your accountant time to advise you on which credits and deductions to file, what receipts to keep, and other ways to reduce taxes. Looking ahead at your whole financial picture also lets your CPA come up with ways to structure your finances to minimize your overall tax burden by dealing with your investments and business interest in the most tax-efficient way possible.

Tax preparation is well worth the effort because it saves you time, helps you become more organized, and saves you money in the long run. To find out more about how to get started, call Cheryl Hawkins Tax and Accounting in Jordan at (952) 222-8272 or visit the website for additional details.