One important part of tax preparation is estimating your taxes. Our accountant can help you estimate your taxes owed so that you do not face penalties or fees. Estimating tax is helpful because it is used to pay your taxes and amounts that you report on your tax return.
The end goal with estimating your taxes is to estimate as closely to the amount owed as possible. A lot of time people think that a big tax return means you are getting extra money back from the government. In reality this is money that you over paid throughout the year and don’t get access to until you file your refund.
When you partner with our accountant for tax preparation we will be sure to walk you through every step so you are maximizing your money throughout the year!