Year End Tax Projection - Avoid Surprises
If your income is up significantly, contact us in November or early December to prepare an estimate of taxes you will owe for the year. Knowing the taxes due will allow you to prepay your State taxes to reduce your current year Federal taxes (if AMT does not apply), set your mind at ease and plan your cash needs. If we do not prepare an estimate of taxes, we suggest you get your information to us early in tax season so we can prepare your returns well before April 15th. If tax is due, you will have plenty of time to accumulate any additional cash needed by April 15th.