Have you called your accountant lately? Even if it is just to say hello, it is time to reestablish communication. You can let him or her know some of the things that have happened to you during the year; possibly things that can affect your 2011 taxes. Update him or her and maybe a tax situation you didn’t know about will come to light – and there may still be time to do something about it!
Brian’s Tax Musings
If you have a small business in a C corporation or an S corporation, has anyone really looked at what you are doing from a tax standpoint recently. It is important to review this type of business every year (by November, usually) to finish year end planning and try to maximize not only tax savings, but the best way to maximize the money both you and your business can keep. We can look at things like a retirement plan, medical reimbursement plan and equipment purchases to get ready for year end. Call me at 818-317-6035 or email me at bstonercpa@sbcglobal.net and we can talk about potential savings.
Brian’s Tax Musings
Did you make a mistake in a prior year tax return? If so you might be able to get some money back by filing an amended income tax return. If the return is less than four years old, I can help you amend the return and help you get the money back. You can email me at bstonercpa@sbcglobal.net and we can talk about amending previous returns and get you money back.