Tag Archives: tax filing

Tax Accounting Company Services

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Good Accountants

April 15th was the last day to file your personal and business taxes for the 2012 tax year. If you have fallen behind and need more time to prepare your forms or if your current accountant is not living up to the performance level that you expected, Good Accountants can assist you on locating a great tax accounting company.

We have helped more than 10 million businesses and individuals locate a tax accounting company in their immediate area over the years. We are the most trusted source of professional tax service providers on the web and we are able to boast a 100% positive feedback from our clients.

As a trusted financial management directory we have helped large businesses and organizations such as Habitat for Humanity, McDonalds, Subway and even the NBA to locate professional tax preparers, auditing firms and CFO’s when they needed them.

We never charge our clients a fee for using our directory to locate tax professionals. There is never an obligation on your part to use the business professionals we refer; the choice is yours, Good Accountants simply puts you in contact with reputable and trustworthy CPA’s that are in your area.

What’s In It for Us

This is a common question; many of our clients believe there is a string attached when first connecting with our directory. This is not the case however. Good Accountants makes a profit from the professionals who list their businesses on our directory, potential clients are never charged a fee.

How Do You Find a Match

The process is not as hard as you may think. When trying to locate a tax accounting company we match their attributes to your needs. When you speak to one of our customer care representatives they will enter your needs into our database and perform a national search. We then supply you with the individual accountants and firms that meet the criteria you submitted.

It only takes a few minutes of your time to complete the process. We encourage you to fill out our online form or call our toll free number for immediate assistance.

Call Good Accountants Today For Professional Assistance: 800-505-7861

Myths About Filing Taxes

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Taxes and tax filing are often one of the most confusing issues people face all year.  With the ever changing laws and guidelines the areas of what is allowed and what is not allowed is often quite difficult to determine.  What’s more is that what works for one person may not work for another leading to even greater confusion.  To help you a bit with the process, below are three common myths about filing taxes.

The first myth has to do with paper filing.  Many people believe that they must file on paper because it is better than filing electronically.  People who often keep every last record for their taxes take great comfort in printing their returns on paper for filing.  That being said, there have been great advances in the e-filing process and this option is now usually the best way to file.   Not only do you receive your refund faster than mailing in a paper return, e-filed returns are often more accurate than their paper counterparts.  There is no waiting in line at the post office, no paying for postage, and you can still print a copy to keep for your records.

The next myth is that you should spend more on tax deductible items just to get more write offs.  While this can be somewhat tempting to do, the amount you are spending is not going to come close to equaling the amount you get back in your tax refund.  Furthermore, spending too much reduces the amount of money you have on hand to work with day to day, just for the chance at a bigger return at the end of the year.  So, think twice about doing this.  It is advisable that you speak with a CPA firm to determine the best purchases to make and the best tax deductions to take.

The third myth when it comes to filing taxes is that a big refund is always best.  Many people attempt to modify their withholding amount during the year, in the hopes of getting a big check at tax time.  Doing this could actually work in the opposite way, and you may end up owing taxes which could negatively impact your personal budget.  Plus, when you overpay through withholding all you are doing is giving the government your money interest free, and you could be using that money now.  Talk to an accountant to find out what your recommended withholding rate is and try to stick to it.  Having more money in your hand each week definitely outweighs a large check one time per year.

Prepare for Tax Season: Find an Accountant

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With tax season upon us, making sure that you have everything ready to be sent to the IRS can be nothing short of a headache.  Whether you are an individual looking to make the most of itemized deductions or the owner of a business, filling out tax forms beyond the traditional 1040 can get complicated very quickly.  The new year has brought a ton of changes to the tax laws, and navigating all of the loopholes and minute details by yourself can be tricky at best.  If tax season is more than you can or should handle alone, it might be time to find an accountant to do the hard work for you.

Making the Right Choice

If you own a business, it can be a bit tricky to find accountants who are well suited for the job.  Ideally, you will want to find a firm that has experience working with businesses similar to yours in size and nature.  The right experience means that you can feel confident that the firm you hire will be able to find all of the right deductions to help you pay only what is absolutely necessary in overall taxes.  You will find that the right team can work to review all of your statements and financial data to ensure that you are not paying more than needed.

Do I Need to Hire the Most Expensive Firm?

One thing that many business owners and individuals alike find themselves struggling with is whether or not it is necessary to choose the biggest or most expensive firm out there.  When you are trying to find an accountant, it is important to realize that size and cost are not the most important factors to consider.  Instead, look to the experience and reputation of the firms you are considering and determine which one will best fit your needs.

The Bottom Line

The most essential thing to consider when you are looking to find accountants is whether you are looking for long term or short term service.  Do you just want someone to take your paperwork and records and fill out your forms accurately, or do you want someone who can also provide tax or financial planning advice?  Do you want someone who can also provide auditing to help you reduce next year’s taxes?  Think about exactly what you hope to gain from your accountant, then work to find the individual or firm that best fits your needs.

The Best Advice Bookkeepers Can Give

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When you own a business, finding a bookkeeper who can help you stay on top of payroll, expenses, and income is crucial.  Managing your numbers helps you ensure that your company is maximizing its profit potential and makes it easy to share your financial data with lenders whenever they request a report, and it also ensures that tax time is as stress and hassle-free as possible.  Proper bookkeeping is a lifesaver in the event of an audit, and the simple fact is that it makes managing the day to day operations of your business much easier.  Taking advice offered by your bookkeeper can often pay off handsomely, and the right advice can be huge.

Finding a Bookkeeper You Can Rely On

If you were to ask most professional bookkeepers what one piece of advice they would most like to offer business owners, it would likely be to stress the importance of hiring an expert.  While turning over your financial records to a savvy individual may work well for a fledgling self-employment setup, new tax laws, taking on more employees, and increasing your business load can all quickly create a situation that is unmanageable.  Taking the time to find a bookkeeper at the start so that they are familiar with how your business works and how you are spending and making money can really keep everything running smoothly no matter what turns your business takes.

Managing your own payments and expenses can often lead to missed deductions, failure to create properly formatted reports for lending agencies, and even an increased risk of audits when tax season rolls around.  If you take the time to find a bookkeeper who has the experience and training necessary to handle your specific business situation, you will find that he or she can easily help you see where cuts or adjustments need to be made, as well as what areas of your business are proving the most (or least) cost effective.

The Right Expert Makes a Big Difference

No matter how you look at it, choosing the right bookkeeper for your needs is going to make a big difference for your company.  Trying to do it all on your own takes your focus off of your business.  If your company is small, you won’t need to employ someone on a full time basis in order to reap the benefits, but you should have someone who is qualified to handle your numbers for you.  A great bookkeeper is as essential as a solid business model, and it can really expand your overall bottom line.

Tax Preparation for 2012

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Tax season is something that many of us have come to dread.  Even if you are expecting a big refund in 2012, the simple fact is that every deduction, every entry, and every number you enter matters greatly.  Nobody wants to face a potential audit, and even the best tax preparation software can miss important entries.  There is simply nothing that compares to having a tax expert review all of your paperwork and information, and hiring someone who is familiar with the intricacies of IRS tax law can help you prevent errors, minimize taxes owed, and maximize refunds.

Getting Tax Help Is Crucial

Unless you are working with a single W-2 and are taking the standard deduction, the simple fact is that you can benefit greatly from seeking assistance with tax filing.  Every year, taxpayers miss millions in deductions and credits that they were fully qualified for, and this can mean the difference between paying taxes and getting a refund of taxes already paid.  A qualified tax expert can ask the questions that software programs often miss, letting you know what you really qualify for and how to ensure that you are at the lowest possible risk of being audited.

Of course, choosing a tax preparation expert isn’t as simple as going to your local chain tax company.  In fact, many people find that they get much more benefit by working with a qualified independent accountant.  In order to serve as a qualified tax expert, an accountant must attend classes on the latest IRS tax laws, and choosing someone with experience in cases similar to yours can leave you feeling fully confident that your deductions and credits will be maximized.  Whether you are self-employed, own your own business, or simply have multiple income sources, a tax professional can make a huge difference for you.

Getting It All Done Properly

Filing your taxes can be a huge stress; especially if you are uncertain how new tax law changes affect you.  Choosing a tax filing professional to take over the job will certainly help to alleviate this stress, and knowing that all of the numbers on your forms are right can eliminate worry over audits, missed deductions, or overpayment.  It may be tempting to save money by using tax software, but the simple fact is that when you sit down with someone who takes the time to understand your home, business, and tax situations, your chances of reaping maximum benefit increase exponentially.

Tax Preparation: How to Get Ready for Tax Filing

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Every year several businesses are caught off guard by the pending tax season. It often feels like the last season has just ended, when the next one begins. As a direct result, a lot of businesses either spend several weeks scrabbling to gather things together for their accountant or needlessly waste money paying another individual to sort through the mass of paperwork.  So how do you avoid this trap?

Develop a Strong Organizational System

The key to effective tax preparation is to set up an organization system at the beginning of January.   Your organizational system should be unique to both your business and to the individual maintaining it.  Set up a meeting in early January or if you are really proactive, in late December, with your accountant.  During this meeting, have an informal discussion about the items, invoices, and receipts that you should be tracking on an annual basis.  At the end of the meeting, take some time to decide what is the best way for you to track these items on a regular basis.

Make the System Work for You

Effective tax filing has to begin with a system that works for you. Ideally, you will use some of the terrific organizational features that are available through technology:  quickly connecting all your systems together.  But if you hate computers, even simple tools like an Excel spreadsheet and email reminders will be extremely ineffective.  In this situation, you will need to develop a paper system or perhaps assign the tracking duty to another individual in your company.

Try to start your tax filing system at the beginning of the year and maintain it.  When you maintain good records, you will save both you and your company time and money.  Retain the hard copy of all receipts. Do not assume that something is unnecessary, your accountant is the expert and will help determine what is necessary to retain and what can be discarded.

Communicate Regularly with your Accountant

Maintain regular communication with your accountant to save you money in the long run, especially if you have any questions regarding expenses and tax legislations.  Your accountant’s role is to save you time and money throughout the year, not only during tax time.

Tax preparation is always easier if you plan ahead.  However, if this did not occur this year, don’t panic. A good accountant that is familiar with your industry will be able to effectively navigate your company through the mountain of paper work and help you stay on track for the next tax season.