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Tax Advice
As April 15th gets closer and closer, many are reaching out to get advice and find tools to help with preparing taxes. What recommendations do you have? What resources have you used in the past when preparing taxes? Are there new regulations & forgiveness programs that business professionals should be aware of?
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2 Answers
Unless you are very, very good at taxes and understand your situation very well, USE A CPA!!!
I have a heavy finance and accounting background and I won't go near my business taxes. I have a CPA who has prepard the return for years.
Also if your return gets kicked back by the IRS your CPA is on the hook to tell you why instead of you trying to figure it out.
CPA's save you time, money and worry. USE THEM!!!!
you can also file a form 7004 which extends the filing deadline 6 month to September 15th.
this is particularly helpful if your business undergoes a prior year audit between january and april.
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