While tax season is still far away, it helps to get an early start. Whether you work with a tax return services company or feel brave enough to go it alone, preparing now offers quicker access to your refund, as well as greatly decreasing stress. The following are just a few reasons why you may want to start working on your taxes now.

3 Benefits of Getting a Jump on Tax Prep

1. Ensures You Have All the Right Documents

Filing taxes requires things like W2s, information on health insurance coverage, financial statements, as well as many other documents. Although you practice careful record keeping all year long, for some people that is easier said than done. In this case, early tax prep will allow you time to bring together essential documents. If you changed employers or moved in the last year, it’s possible that you’re missing an important item and don’t even know it. It’s better to be aware of this issue now as opposed to finding out on April 15th.

2. Greatly Decreases Stress

Tax time is often stress, especially when you’re not ready. If you wait too long you may find yourself rushing around at the last minute to find forgotten documents or even needing to file an extension if you run into a major issue. This stress can be alleviated by preparing early. That way you can find out about any potential issues and deal with them now. Also, early prep will give you an idea of what you owe so you can make sure the money is available in April. For an even less stressful experience, consider going to a professional tax return service.

3. Allows You to Get Your Refund Quickly

If you do get a refund, you want to get it back as quickly as possible. The IRS will begin accepting tax returns at the end of January of next year. That means you could get your tax return soon after if your filing is prepared on time. There’s no point in letting your return sit around unused, especially just after the holidays when most people are strapped for cash.

If you’re looking for tax help and want to get an early start, Linda M. Shiraiwa CPA, PS Inc. is here to assist you. Serving both businesses and individuals in Gig Harbor, WA, this accounting services firm can help you secure the necessary documents, figure out deductions, and file your taxes accurately and efficiently. If you own a business, they can assist you with even the most complex tax situations to ensure you remain in compliance with the tax code. Learn more about the complete listing of tax services by visiting the website. If you’d like to schedule a tax consultation, feel free to call (253) 858-6030 today.