18663 Ventura Blvd, Suite 227Tarzana, CA 91356
FREE CONSULTATION818-436-2775
18663 Ventura Blvd, Suite 227Tarzana, CA 91356
FREE CONSULTATION818-436-2775
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Personal, Affordable Payroll Services, Bookkeeping, and Tax Processing for Small Business throughout Los Angeles County.

How a Tax Accountant can Help You Manage Your Money

Money management is a concern for many people. Successfully managing your personal finances can appear challenging but with the right help you can take control of your economic circumstances. Working with an accountant, especially during tax time, can give you a whole new perspective on your money. What exactly can a tax accountant in Los Angeles do for you?

Maximize deductions and avoid audits

It might seem like your taxes get more complicated to prepare every year. This is because your economic circumstances are likely to change significantly from year to year. Keeping up with changing tax codes and allowable deductions is a challenge. Tax accountants make it their business to know each and every change that affects their clients’ tax preparation. You can trust a tax accountant in Los Angeles to help you identify all allowable expenses and applicable deductions. Did you know that you might be missing out on deductions such as:

1.Energy-saving home upgrades
2.Hobby-related expenses
3.Charitable donations to churches, schools, and other non-profit groups
4.Eco-friendly vehicle costs

The best way to find out if these and other deductions apply to you is to speak with a tax accountant.

An experienced tax accountant can also help you avoid audits by verifying calculations and double-checking those forms most likely to draw the attention of the IRS. Your accountant will examine receipts and other papers to make sure that everything has been reported correctly. The experience that a tax accountant brings to annual tax preparation may be what stands between you and an audit.

Preparing for next year

Taking care of this year’s taxes is just the first step. Future filing can be made a lot easier with the help of a tax accountant in Los Angeles. You can get valuable information from your accountant on how to anticipate your future filing needs and prepare for next year. This will give you the edge you need to gain the edge on this important task. Tax preparation is likely to be the most significant moment in your personal financial year.