Get your tax preparation in Duluth, Georgia, under control.
If you have a small business, then you know tax preparation in Duluth, Georgia, is a necessary evil. We all have to face it, no matter how big or how small our companies are. How can you take the sting out of taxes? With the right preparation and a professional to guide you through it. But is it too late to consider help? Read on to find out what you need to know about your taxes this spring.
March Is Tax Crunch Time
If you haven’t enlisted the help of a good accountant, it is not going to be easy to play catch up the month before taxes are due. But it’s not impossible. March is crunch time in the world of taxes, tax prep, and accountants. They’re working long days and long nights.
Whether you’re delayed in getting your information together because of delays in receiving the forms you need, your business software crashed, or you’re just a procrastinator, it’s time to rally. And professional help can help.
What Can a Tax Professional Do for Me Now?
If it’s getting down to the wire and you have taxes looming, not only should you hire a tax professional to help you dig out, but you should not try to go it alone. Having the right experience and knowledge of taxes and tax law at your disposal can help save you from filing incorrectly, having to file for an extension, or filing late.
At this point, an accountant can take all of your financial records and pull them together to determine your tax liability and get them filed for you on time. But this can only happen if you’ve been keeping accurate financial records throughout the year. They can’t make magic happen; they can just help keep you on track with the IRS.
Here are some ways tax preparation in Duluth, GA can help last minute:
- Understanding due dates: because different filing deadlines depend on the type of business you own, an accountant can advise you on the due dates for your company.
- Help you claim the right expenditures: instead of throwing all of your expenses on your taxes and hoping for the best, your accountant can be sure the expenses you claim are legitimate and can help you keep from missing out on any opportunities to write them off.
- File appropriately: your accountant can either get your taxes filed for you on time or can help you file for an extension if it’s not possible to play catch-up at this point. Either way, getting the right forms filed in the right timeframe is critical.
What Should I Do about My Business Taxes?
Once you realize you’re in over your head when it comes to your small business taxes, the first thing you should do is make some calls. Finding an accountant with availability is going to be the hard part. Once you get one, get them started as soon as you can.
The next thing you need to do is make a plan. There’s no good reason to handle your taxes this way more than once. So create a strategy for the coming fiscal year. Don’t try to extend yourself beyond your capabilities. You are the expert at running your business; you don’t have to be an expert in accounting as well. Hire a professional.
What Can an Accountant Do for Me Going Forward?
As a small business owner, you need to focus your time and energy on generating income and growing your business. An accountant is a good way of outsourcing the day-to-day of your financials. Instead of trying to be a jack of all trades and ending up right back where you are now, make a change. With a mess of a record system and a tax deadline looming, now is the time to hire the right people to use the right software to keep your financials in order all year. This way, when tax time rolls around next time, you and your accountant will be prepared.
Are you starting to panic because you’re not ready for tax time? It’s not too late to consider getting help. Call 678-990-0924 for a free consultation to learn how a tax preparation in Duluth, Georgia, even late in the game, can help your business.