There is a huge difference between tax prep and tax planning and a lot of people don’t know that. They think the same person (CPA) is doing all of that for them only to be woefully frustrated when they realize it’s not happening.
There are two different main types of tax actions. Tax preparation and tax planning. Most of us have experienced tax preparation, but the way we like to think about it is you can’t prepare for something unless you have planned for it. We plan for most other things in life but when it comes to taxes, planning usually gets forgotten.
Tax season doesn’t have to be stressful! Tax planning isn’t a once-a-year-activity. Year-round planning can help you maximize your benefits and minimize any tax time surprises.
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