Tax season is still a few months away. But if you’re not thinking about and planning for it already, you could be missing out on some extremely important benefits. In fact, simply filing your return without proper tax planning and tax projections could result in you paying thousands more in taxes in some cases. That’s why we do far more for our clients than simply preparing their tax returns; we can provide you with tax projections and help you to plan for the upcoming tax season, so that you can make important financial decisions that could reduce your tax liability. Here are just a few ways that our tax projections and tax planning services can help you.

Contributing to retirement accounts is one of the smartest investments you can make with your money, as it helps to secure your financial future—and, as an added bonus, many of these contributions offer tax benefits. If you have more than one type of retirement account, and you don’t have the funds to max out all of them, you may be wondering which account you should focus on to get the greatest tax benefit. Keep reading to learn more about the different types of accounts, how taxation on contributions work, and how to determine the best account to put your money in first.

Charitable contributions can be an excellent way to reduce your tax liability, but it’s important that you ensure the contributions you’re making are actually tax deductible. Many people believe that contributions to any charitable cause can be deducted on their tax returns, but this is not the case. Even if you’re giving to a good cause, it doesn’t many it’s a tax-deductible contribution. Keep reading to learn more about what types of contributions usually do or don’t qualify. If you’re unsure if the contributions you’re making will be deductible on this year’s tax return, please reach out to one of our CPAs.