Disclosure: I was compensated for writing this Tax Preparation sponsored post for H&R Block. Regardless, I only recommend products and services that I use or feel will be an amazing resource to my audience. All opinions are my own.
Block Advisors can help make tax planning much easier
You did it. You organized those expenses, you filed your paperwork, you’re done with tax season, and you’re feeling pretty good about your tax situation. However just because you’ve gotten through this tax season, doesn’t mean you should stop preparing.
That’s probably the last thing you want to think about now, right?
The good news is a little proactive thinking throughout the year will make next year’s tax season a dream.
Here are a few simple things you can do to prepare for next year:
This is vital to making next year’s tax filing a lot easier. Find a system for filing receipts, paystubs and any other documents you will need next year. File those important items as soon as you receive them so they don’t get lost or overlooked.
Reach out to your tax professional when big changes occur in your life
Life happens. People get married, have children, buy houses, and all of those decisions can have a potential impact on your tax situation. Don’t wait until tax season rolls around again to discuss those events with your tax professional. Reach out to your tax advisor when those changes occur to see if they will have implications on your tax situation.
Discuss changes for next year
If you didn’t discuss your next year’s financial situation this year, make sure you talk to your tax advisor about what immediate changes you can make to control the outcome of your tax situation next year.
Enlist the help of a Block Advisor
Think about it. What if you could just pick up the phone and ask for advice whenever you had a tax question? Wouldn’t it make tax filing a whole lot easier? Tax planning isn’t a one-time-a-year event, it’s a year-round habit. That’s why developing a year-round relationship with Block Advisors is a smart tax decision. They are there for you not just at tax time but throughout the year, ready to provide you with guidance and tax planning advice well before it’s time to file.
In fact, Block Advisors are devoted to their clients. Think about all the questions you come up with about your finances throughout the course of a year: Should I claim more dependents? Can I write this off? What if I’m not putting aside enough for taxes? Because they offer both tax preparation and tax planning services, your tax advisor can help you with those questions and more, making tax planning that much easier.
Staying prepared year-round offers a host of tax benefits was first seen on Mompreneur Media