With the end of the year comes tax time, and tax preparation in Sacramento, CA needs to be on your mind. Every year there are changes to the tax laws, and this year is no different. How informed are you? Do you know which new tax laws apply to your situation, and how you can make the most of them when you file your return? A tax professional can help you understand the new tax laws and prepare your taxes for you so you’re faced with the lowest possible tax burden.
Work with a CPA to understand the new tax laws
Several new tax laws have come into play for 2016, including changes to penalties for the Affordable Care Act and personal exemptions. Don’t take a guess on what these new laws mean for you. A CPA is experienced in dealing with these regulations and will have the best understanding of how these laws can impact your tax filing.
It can be tempting to try and do your taxes on your own, but you are taking a risk that you will make a mistake and miss an important exemption that you could have easily enjoyed. With professional tax preparation in Sacramento, CA, you leave the worry to the CPA, as it is their job to stay abreast of the current tax laws and how they affect you.
With your tax preparation in Sacramento, CA, you will be getting all the knowledge and expertise that a CPA has gained in preparing numerous tax returns each year. They guarantee their accuracy and can make sure you are able to take the most exemptions possible when filing your taxes.
Other tax law changes
This year also brings an unusual tax filing date that you might not be aware of. Instead of the standard April 15 due date, taxes are due on April 18, 2017 for the 2016 filing year, to account for the weekend. Changes such as these are something that your CPA certainly knows and will be able to inform you about when you have your tax preparation in Sacramento, CA done by a pro.
The earned income tax credit has also changed for this year, and not knowing this can cost you on your return and make it inaccurate. Not being aware of these important changes can impact your filing, and can maybe mean a difference of hundreds or even thousands of dollars when it comes to your return. Trust in a CPA to file your return correctly and in line with the new tax laws that have been put into effect for this year.
There is a myriad of tax laws that have changed for 2016 that can impact your tax return filing. With professional tax preparation in Sacramento, CA, you take the guesswork out of the process and ensure you have a tax return that is accurate and up to date. To have your taxes done by a CPA, contact Yoder & Co., CPA. We provide an array of accounting services, from tax management to estate and trust oversight and payroll for individuals, businesses and organizations. Call us today to schedule an appointment!