Some simple ways to save on taxes:

  • I.R.A's, 401-K's:  Where else can you take a tax deduction, and keep the money too!  Heck, there's even a tax credit to boot.
  • Benefit Plans:  Employers offer tax saving incentives to most employees.  Check them out, take advantage of what you can.
  • Have Exemptions (kids):  Ok, this may not be a good financial investment, but if you have them anyway, there are credits, exemptions, and deductions.
  • Get Educated:  There are credits and deductions available for higher education, and then you may qualify for a higher paying job.
  • Keep Records:  Business miles on your car, expenses for work, anything that you might even suspect is deductible...  write it down, bring it in!
  • Ask Questions:  There are loads of books dedicated to tax reduction.  Don't have time to read them?  Ask us what might benefit you.

And a few things to avoid:

  • Tax Schemes:  There are lots of these around.  Everyone has a brother-in-law who does some wierd thing and gets away with it.  But, if it sounds too good to be true, it probably is.  People get away with lots of stuff, at least until the audit.
  • Head-in-the-Sand:  Tax issues don't go away by themselves.  File what and when you must to stay compliant.  Don't ignore tax notices (incidentally, we do not charge to go over a tax notice.  Bring it in!)