As I have spoken about Block Advisors in the past, you probably realize by now that there’s no cookie cutter tax prep at Block Advisors. Most people treat tax season as one day a year event. It isn’t until they sit down with their tax professional that they realize tax preparation is not one-size-fits-all and for some, taxes are not a one-day-a-year event. A variety of changes that happen throughout the year can affect your taxes in all kinds of significant ways: The birth of a child, a child turning 17, changes in income, in your business, in student status or even Marital Status are just a few of the ‘everyday’ life moments that can severely impact your tax filing status for better or worse.
In addition to staying prepared and organized throughout the year, it’s also so important to reach out to your tax advisor when big changes occur to see if it will have implications to your taxes. They can help you determine what immediate changes you can make to control the outcome of your tax situation next year.
For instance, my life has been a whirlwind of activity in the last year. I am going through a divorce, Angeline turned 18, my small business is always evolving – and I hope to sell my home next year and move across the country. On top of, or perhaps I should say because of, everything I have going on in my personal and professional life, I also find myself traveling for business and pleasure more in the last year than I ever have – and you guys know that I traveled quite a bit anyway!
Many of these ‘everyday’ life moments definitely affected my tax filing this year and I will likely see changes in the way my taxes are prepared in the coming year. Which only means it’s that much more important to keep in touch with a tax professional throughout the coming months so I can ensure I’m making smart choices to determine the outcome of next year’s tax preparation! No one wants to sit down at tax time and realize that they owe a significant amount of money or realize too late that they could have made better choices to prevent paying hefty taxes. This is especially important for self-employed folks like myself! Block Advisors are like your personal partner, and they’re available year-round to answer questions and help you plan for your future. I also love knowing that if the IRS ever asks questions, they are there for you too!
With more than 280 offices across the country, Block Advisors is a year-round dedicated tax partner that offers both tax preparation and tax planning. Additionally, if you run a small business like me, Block Advisors can provide your back-end needs including payroll, bookkeeping and more to serve all of your tax and accounting needs. They’re just like your hometown tax advisor!