It seems like every year, just before the tax deadline, everyone frantically tries to collect information, crunch numbers, and submit their forms on time. Rather than waiting until the last minute, financial advisors recommend tax planning year-round to save money and avoid stress. At Cheryl Hawkins Tax and Accounting in Jordan, MN, the experienced accountant helps improve financial situations with in-depth planning.

Why Now?

Your tax return contains a host of valuable information about your current financial situation. Hidden amid all these numbers lies valuable data that can be used to improve your monetary state. By carefully reviewing these figures, you can learn how to make changes, allowing you to reap financial rewards for years to come.

Your tax return’s Schedule A form contains all your deductions from the year prior. By analyzing and reassessing these deductions, you can learn how to attain a lower interest rate on your home, avoid triggering the Alternative Minimum Tax, and make other beneficial changes. A qualified CPA can help you determine which steps will best serve your unique situation.

Year-round tax planning will also help you develop a suitable retirement plan. By investing in your future, you can rest easy knowing you’ll have financial security both today and down the road. Your CPA can also help review your estate planning options, as well as any college education stipulations. Ultimately, there are a number of ways to pad your wallet by year-round tax planning—it’s helpful to hire an expert to find out precisely how. 

Consult a Professional

It may be tempting to send your tax forms off and forget about them, but if you want to maximize your fiscal benefits, you need to act now. If you’re interested in improving your economic status, Cheryl Hawkins Tax and Accounting wants to help. Contact the practice today by calling (952) 222-8272, or visit the website to learn more information.