Tax Tip of the Week
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How to make the best use of your accountant
For the week of
November 19, 2001
If you have a tax return that is anything other than the very simplest, you can
benefit from professional help. Your tax return is an excellent window into the rest of your financial world. In
addition to proper tax planning and preparation, your accountant can assist you with other financial and business
matters. Since we deal with a great variety of money matters and many other professional advisors, you can rely
on us to provide you with much more than a tax return.
It is important that you learn a few things about your own affairs to get the most out of your accountant. Here
are some things you should consider doing:
- Contact your accountant before you complete major financial transactions. Proper tax and financial planning can only be done before you sign on the dotted line.
- Review your potential current-year tax liability well before year-end. This will give you and your accountant a chance to implement year-end planning techniques.
- Use your last year's income tax return as a checklist of what is in store for
this year. After checking the items on your last return, list any new events
and gather all documents that pertain to these events for your accountant's review.
- Schedule appointments well ahead of deadlines. Good planning usually requires time to implement your decisions. Those who make an appointment a couple days before a tax return is due or a contract is due to be signed seldom get the best results.
Think of your accountant as a sounding board. Get him or her involved while your
project is in the thinking stage. You will be glad you did.
If you have questions or if we can be of assistance, please give us a call.
We are here to help you. If you are not a current client of our firm, please call anyway. We are accepting new
clients, and we will gladly assist you.
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tax tips.
"Tax Tips" are published weekly to
provide useful tax information. Return to this site every week for helpful tax-cutting suggestions, tax reminders,
and current tax information.
The information contained in this site is of a general nature and should not be acted upon in your specific situation
without further details and/or professional assistance.
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to receive other tax-cutting information from time to time, please contact our office. We're here to help.
