Louisville Individual Tax Preparation and Planning
Preparing your own tax return can be an ordeal that leaves you confused and frustrated. Many of the tax laws are intricate and complicated so that filing even an individual return can leave you scratching your head.
The worst part is if you don’t know exactly what you’re allowed to claim, you are guaranteed to overlook deductions and credits to which you are entitled. Even popular tax software can only catch so much with generic programming. There really is no substitute for the assistance of an experienced professional tax firm, like Parson CPA.
Did you know, a recent study performed by the U.S Government’s General Accounting Office, 77% of taxpayers say they benefited from using a professional tax preparer.
Careful planning throughout the year can significantly reduce what you pay in taxes. It will also help you achieve your financial goals much faster.
Tax planning should always be driven by your overall financial goals and integrated with your overarching financial plan. Parson CPA can help you develop and implement an appropriate strategy to lower or spread current and future tax liabilities. As a result you will be more likely to meet your goals.
One simple example is by precisely forecasting your tax liability, you can determine the cash flow available to you in the coming year. And everyone knows cash is king.
Again, please bear in mind tax laws are complex and change often. That is why you should always consult with Parson CPA before making tax and investment decisions.
This is what Parson CPA can do for you:
- After we help you claim as many deductions and credits as possible, your return will be double-checked by our software which alerts of anything in your return that may be a red flag to the IRS. It’s a win-win for you.
- We can file your tax return electronically, meaning you receive your refund much quicker.
- A team member at ParsonCPA will work with you so you know how to adjust your payroll withholding to ensure you’re keeping more money each week. (The IRS doesn’t need your interest-free loan, do they?)
- We will show you potential deductions to limit your tax liability for next year. In addition, we will give you a sheet of commonly overlooked deductions to limit the following year’s tax liability.
Contact us to find out how we can save your money with our tax preparation and planning services.