For the next few months, you will be seeing tax preparation cubicles in the malls and department stores around Danbury. At one time, you may have been tempted to gather your receipts and W-2s and sit down in one of those booths to complete and file your tax return. However, you are a business owner now, and your tax preparation may be far too complex for someone whose qualifications you may not know.
Did you finalize your divorce in 2017? Did you have a marital home to deal with as part of your settlement? How you and your former spouse dealt with the family home during the proceedings impacts your income tax filings this April.
If you are a business owner or independent contractor, you are probably always looking for ways to reduce your tax burden. The end of the year is a time for your last efforts in seeking tax deductions and making preparations for next year. Included in next year’s plan might be quarterly goals for your business. Is taking care of your tax burden part of these plans?