McVay Business Services - Accounting & Tax Services Pensacola, FL
7 Mid-Year Tax Moves for Business and Individuals
After April 15, most of us are happy to ban all thoughts of income tax until next April’s deadline looms. But taking a little time to do a mid-year check-in and tuneup can really be worth it – saving you last-minute panic and big bucks. “Summer is a good time to make sure you’re on track because, for a lot of people, the pace is a little slower,” says Barbara Weltman, attorney and author of “J.K. Lasser’s 1001 Deductions & Tax Breaks 2014.” “If you wait until year-end to check on your tax status, you’ll be right in the middle of holiday season. And summer is your tax advisor’s slow time, too.” Here are some points Weltman and other experts recommend you cover in a mid-year checkup.
Mike McVay, Tax Accountant Blog
Certified QuickBooks ProAdvisor & Licensed Tax Accountant Pensacola, FL