5 Questions About Effective Tax Planning Strategy

Can I lower my tax liability?

Yes, you can lower your tax liability through deductions, credits, and tax-efficient strategies like retirement contributions.

What triggers an IRS audit?

Unusual or inconsistent tax deductions, omissions, and discrepancies in your tax return can trigger an audit.

How do I file my small business taxes?

File your small business taxes by preparing financial records, completing tax forms, and submitting them to the IRS or your tax authority.

What are my sales tax responsibilities?

You’re responsible for collecting, reporting, and remitting sales taxes on taxable goods or services in compliance with your state’s regulations.

Why should I pay for bookkeeping services if I’ve got someone who does my taxes?

Bookkeeping services help you maintain accurate financial records, track expenses, and make informed financial decisions, which can lead to tax savings and better financial management.

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