Tax season doesn’t have to be stressful. Use these pro tips to organize records, capture every deduction, and file accurately. For hands-on support, explore our Tax Preparation Services.
1) Start Early with a Year-Round Checklist
Create monthly reminders for receipts, bank statements, payroll, and estimated taxes. Our Bookkeeping Services keep your records tax-ready.
2) Separate Personal and Business Expenses
Dedicated accounts simplify deductions and reduce audit risk. Need entity setup or cleanup? See Business Consulting.
3) Track Every Deduction with Digital Receipts
Use mobile capture and attach receipts to transactions. If the IRS asks for proof, our IRS Representation team can defend your return.
4) Optimize Income & Expenses Before Year-End
Time income/expenses, accelerate depreciation when smart, and consider retirement contributions. Model scenarios with Outsourced CFO & Controller Services.
5) Don’t Miss Sales Tax & Payroll Deadlines
Florida filings add up. Automate or outsource to avoid penalties. We help with Sales Tax Filings and Payroll Support.
6) Use the Right Filing Status & Credits
Child/dependent credits, education, energy, and small-business credits can be substantial. We maximize benefits through Personal Tax and Business Tax planning.
7) Reconcile Accounts Monthly
Bank/credit reconciliations catch errors and fraud early—no more scramble in March. We can manage this with monthly bookkeeping.
8) Review Before You File—Then Plan for Next Year
Perform a last-minute deduction check and compare to prior years. After filing, set quarterly estimates and a tax plan with our Tax Preparation team.
Frequently Asked Questions (FAQs)
What records should I keep for tax season?
Bank/credit statements, receipts, invoices, mileage logs, payroll reports, and prior-year returns. We can set up a simple folder system.
How early should I start preparing my taxes?
Start in Q4. This gives time to adjust income/expenses and fund retirement plans for deductions.
Can you help if I receive an IRS notice?
Yes. Our IRS Representation team responds, corrects issues, and negotiates on your behalf.
Need Stress-Free Tax Preparation?
Henriquez Accounting & Tax Services helps with year-round planning, accurate filings, payroll and sales tax, and IRS defense.
Leave a Reply