Winds of March and Tax

Do you hear the howling?  The wind rushes through the area this time of year, raising kites, blowing dust, and lifting hope of spring.  But the howling winds are not the only sounds we hear.  Maybe the noise is through the rafters during the madness of basketball!  Maybe it’s the sound of investors gaining momentum in the markets, now unencumbered by last year’s economics.  Maybe it’s you because it’s the taxing time of year!

You may be hearing the sound of me, telling you once again, to do your business taxes with a real CPA and not just a bookkeeping service.  There is a big difference between the two.  CPAs have continuing education requirements and must know tax law to a reasonable level.  Usually, because they are in the business of being sharp, reducing risk, and building a clientele all at the same time, their knowledge is deeper and wider, bringing real value to the table.  The first year I used a CPA it saved me enough money to pay for the next 10 years of service.

If you are in business, have lots of business expenses, and family, you are crazy if you do your own taxes.  Even the software doesn’t catch everything, but a smart CPA is likely to know the latest.