Tax Planning and Preparation

Salem CPA - Tax Planning and Preparation 2

The famous quote by Benjamin Franklin, “In this world nothing can be said to be certain, except death and taxes” is not only true, but it puts taxes at a whole other level of importance. There will always be taxes, based on what Ben claims, and we know that to be the truth. Maybe one day, centuries from now, the human race will come to an agreement where governments are funded through other means, but for now, taxing their citizens is the way they do it. Luckily, Salem CPA has tax professionals on staff, waiting for your call. They on standby to help you with all of your tax related needs, no matter how big or small.

Convenience And Taxes

There’s another famous quote by Margaret Mitchell, author of Gone With The Wind which goes, “Death, taxes and childbirth! There’s never any convenient time for any of them.” This one particularly resonates with us, as we are reminded daily of the inconvenience of filing both individual and corporate taxes. It’s almost as if the IRS makes it more difficult on purpose, with every passing year. If we can claim to do only one thing for you, and guarantee that we’ll do it without fail, it is that we will take the inconvenience out of filing taxes for you. It’s what we love to do, and what we excel at.

Tax Preparation, How To Go About It?

The mere thought of filing taxes, can be a stress trigger for some Americans. It isn’t a friendly or fun experience, to say the least. Over the last decade or two, the IRS has actually improved the situation, by allowing taxpayers to file online, using a system known as eFile. Salem CPA can help you navigate the eFile system, as well as figure out what documents you need to gather before you can even think about filing. Taxes aren’t a straightforward process, and when you start adding in alternate sources of income, assets, dependents, credits, charitable behavior and deductions, you’re left with a tangled mess of numbers. We’re not only experts at deciphering tax codes, exemptions and proper filing methods, but we’re local to the Salem, OR community.

How To Avoid Penalties

In order to avoid fees, taxes need to be filed by a certain date. This date, which almost goes down in infamy these days, is April 14th. That is the deadline for filing your federal taxes. State taxes are different, and it is nuances like these that you may not even be aware of, unless you’re a certified tax professional. The good news is that by filing on time, you can avoid the most common fee, which is a late filing fee. Even if your taxes aren’t accurate, or there is a slight mistake, you will not be charge a late fee because the IRS had your tax documents in hand by the due date. This is just one of the tactics that our company uses to make sure you don’t get his with extra fees.