What Do You Need to Confirm Before Filing Taxes this Year?

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WHAT DO YOU
NEED TO CONFIRM BEFORE FILING
TAXES THIS YEAR? ACCOUNTING TO TAXES - 2019
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This presentation contains nine super solutions
provided by tax experts that you should consider
in order to file an accurate tax return and
avoid IRS audits.
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According to a study, the rise in car accidents
is 6 during tax season (based on 30 years data
of car crashes). You can imagine the stress
levels at the time of tax season.
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Following are the solutions shared by
professionals that will make your tax season more
comfortable.
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Document Retaining
You can save your hundreds of hours if you or
your team have a habit of collecting and sorting
of the documents in a proper order. You can use
manila envelopes, or you can automate document
storage and management by using software.
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• Software like
• Online Organizer
• Scan and organize software
• Print to PDF
• Scan and Fill software
• Electronic Document Management System
• Adobe Acrobat

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Interviews

• In case you are hiring a tax preparer, the
  secret to find the right for you is to take
  multiple interviews.
• Ask them key questions and then select the
  winner according to your requirements.

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Review yourself

• Many business owners just bundle up the
  documents at the end of the year and send to an
  accountant, instead of this, you should review
  it once and understands from where the money is
  coming in and going out.
• This way you can better know where you can save
  money in the future.

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Next year planning

• If this time you are in mess and not have time
  to manage your tax situation optimally, then
  start preparing after tax season.
• Contact an accounting expert and tell them what
  you need to eliminate or streamline for the next
  time.

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Learn

• Filing taxes is a learning opportunity to gain
  insight into your business.
• Take it as a chance to learn and reevaluate by
  reviewing your numbers.

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Deductions

• Make sure you are an expert or you have in-
  house / outsourced experts.
• To ensure you file tax according to the latest
  norms and not end up paying more than needed.

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Seprate Accounts

• Many entrepreneurs do not separate personal and
  business expenses. Carrying out personal
  expenses from the business account and vice
  versa tend to create a mess at the time of tax
  preparation.
• Separate your business and personal expense
  before tax preparation and dont ever mix it
  again.

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One place for everything

• Save all your receipts, invoices and other
  documents of transactions with your accountant
  at one common place.
• Cloud storage is the perfect way to do this.

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Basic knowledge

• Business owners must have basic accounting and
  tax law knowledge to ensure that your accountant
  is doing the right task.
• It will help in fraud prevention too.

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Still in dilemma
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What is Best for You?
?
Preparing taxes on your own OR Hiring a tax
expert
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When preparing taxes at your own
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You need to spend significantly larger amount of
time to prepare tax. To submit correctly tax
return you also need to organize and prepare
related documents like w-2, 1099. And knowing
about complex US code is another task. There is
always risk involved without assistance and you
are 100 accountable for your return.
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When hiring a professional
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Allows you to continue your focus on revenue
generating tasks. Prepare accurate and on time
tax return. Does not matter if your tax
situation has changed. A professional organizes
important papers and ensures that you are well
represented. Experts help you to claim every
possible refund as they are aware of all the
latest norms and tax codes.
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Feel free to contact us for all tax preparation
related requirements.
Official website www.accountingtotaxes.com
Submit your query at info_at_accountingtotaxes.com
Call directly at 1 646 688 2821