Tax tips from Ten Key, Inc.
Tax season can be a taxing time of year. With changes in the tax code, each year presents new challenges in making sure your taxes are correct and complete. The professionals at Ten Key, Inc., can provide the latest information on current tax procedures and requirements. Whether it’s adjusted gross income, bond premiums or capital gains, we have the ABCs on state and federal tax regulations.
Have you ever wondered how you could make the process of preparing and filing your taxes a little easier? Regardless of the size of your company or the technicalities of your business, there are several strategies that can help you maximize your time and efforts for a less stressful tax season. Use our experience to your advantage with these tried and true tax tips.
DIY for taxes?
Just because you can do your own taxes, doesn’t mean you should. Hiring a professional is often safer and simpler than struggling through the process yourself. We are happy to recommend a CPA or tax preparation professional. If you do decide to go it alone, follow these guidelines to simplify the process.
File the correct tax forms
You may think your taxes are simple. However, even the most basic of filings can sometimes have unexpected aspects. Form 1099 is issued to independent contractors or for any income extraneous to employment, such as interest or dividends. Don’t get caught unaware, and if you’re not sure, let us help you!
Time is money
Wondering if you should file an extension? There are several circumstances in which this could be a wise decision for you. If you’re still unsure of the best option for your business needs, contact us. We’re here to help.
Important tax deadlines
Tax season isn’t confined to January through April, although that is certainly the most intense stretch of it. There are several important dates to keep in mind throughout the year, and knowing about them ahead of time can help you strategize even more effectively. As a result, you’ll have less stress, come tax time.
Don’t get scammed
You hear about it all the time. Someone has been swindled by a scam artist claiming to be the IRS. Of course, you would never fall for that. Or would you? Because so many people seem to be confused by this scam, we’ve outlined some of the red flags.
Conclusion
Let us navigate the numbers for you. Our comprehensive accounting and bookkeeping services begin with an overall assessment to ensure we meet your company’s particular needs. We can provide professional accounting consulting, on-site staff training, or full-charge bookkeeping. With Ten Key on your team, you can take the burden out of bookkeeping and spend your time on what really matters to you: growing your business and watching it thrive.