Rancho Cucamonga, CA accountant explains the importance of tax planning

It’s natural to put off tax preparation – or even thinking about taxes – until it is close to the tax filing deadline every year. Taxes are not most people’s favorite topic to discuss, but like most things in life, a little preparation and planning can go a long way towards making this typically stressful process go much smoother. At Whyte & Associates, Inc., our experienced tax accounts are here to provide tax planning advice to individuals and businesses in the Rancho Cucamonga, CA area to help take the stress out of tax season.

The importance of tax planning

Having a tax planning strategy can not only eliminate a last-minute scramble to assemble the documentation you need at tax filing time, but also:

• Help you maximize deductions and credits throughout the year to reduce your overall tax due
• Make strategic investments, such as 401k or IRA contributions, that will lower your tax bill
• Strategically pay the right amount of tax throughout the year for your personal situation through paycheck withholdings or quarterly estimated tax payments
• Have a more accurate idea of your total amount of tax due at the end of the year so you can ensure that you have sufficient funds to pay them

At Whyte & Associates, Inc. we know that while “tax day” only occurs once a year, putting in some strategic planning upfront and regularly taking a small amount of time to keep your records and payments up-to-date throughout the year can have a big pay-off when tax day actually arrives. We are here year-round to help clients make the most of the 364 days in the year with personalized tax planning services that are designed to minimize your stress and taxes while providing peace of mind.

Don’t wait until April to think about your tax strategy! To schedule a tax planning appointment at Whyte & Associates, Inc. call our Rancho Cucamonga office today at (909) 575-0080.

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