Start Getting Ready for Tax Season Today

Tax Time Ahead

With Christmas comes a brand new year, and with that brand new year comes another cycle of preparing one’s taxes.  Thankfully, there are numerous steps one can take -starting today- to make the new tax year smoother than ever before. Below are a few steps you can take to make your life easier this tax season.

  • Come up with a plan! It’s not wise or recommended to wait until the very last day to do all of your taxes at once. An easy way to motivate yourself to start your taxes early is to set a calendar reminder that you’ll start them in early February, and try to stick to the reminder. This will help you plan other things around this one task.
  • Meet with a CPA. At Michael J. Yuda, CPA, LLC, we take pride in developing long-term relationships with our clients.
  • Keep your tax documents in one central location. It might be a desk drawer, or a simple folder. However, it’s important that you keep your tax documents that you’ll receive in January and February in one location to ensure they are easy to find.
  • Do a rough estimate. Of course a CPA in Hawaii can help you come up with a closer estimate, but why not do a calculation to see whether or not you’re actually going to owe taxes this year. Try and keep your estimate high, so you don’t have any big surprises when you do get your taxes done.