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How to Start Tax Preparation for 2019 Right Now

Date: 5/18/2018

If you’re like most Southeast Michigan residents, you’re done with tax filing for the year, and you don’t want to think about tax preparation again until next year. However, if tax prep was stressful this year – you were scrambling for receipts and documents and worried about meeting deadlines – maybe you’re looking to change things up a little in 2019. Namely, you want to be better prepared so that tax filing doesn’t feel like a mad dash to the finish line when April rolls around again.

Luckily, whether you’re concerned with individual tax preparation, filing as a business, or both, there are little things you can do throughout the year to make the process easier and faster. Here are three good tips to get you started.

Three Tips for Starting Tax Preparation 2019 Right Now

If you get started right now, by the time tax season hits in 2019, you should have everything you need to successfully file your business or individual tax returns with relative ease. In addition, tax prep is always easier when you have a certified public accountant on your side, and this is where Heemer Klein can help. We offer easy and affordable tax preparation assistant to individuals and business in Sterling Heights, Richmond, Warren and the surrounding areas of Southeast Michigan.

We want you to have a successful and stress-free tax season next year, complete with the biggest possible refund. Therefore, we offer expert accounting services and the following tips for tax filing early birds:

  • Organize documents and receipts throughout the year.

If you have a filing cabinet, that’s great, but you only need a well-organized and labeled notebook containing several folders with pockets. This way, your documents and receipts will be tidy and in one place when you need them at tax-time.

  • Make sure that major life changes are well-documented.

If you’re getting married, having a baby, or buying a house, keep all relevant documents in a safe, easily accessible place. It’s also a good idea to research how these changes affect tax filing in advance. Of course, you can always ask your Heemer Klein CPA for specific instructions and advice.

  • Keep track of all income if engage in freelance work or side hustles.

It’s common these days for individuals to pick up side projects for extra money. However, this freelance work does affect how you file your taxes. So, to avoid unwelcome surprises during tax season, start organizing your paycheck stubs right now and familiarize yourself with the 1099 tax form.

Trust Heemer Klein & Company, PC for Your Tax Prep, Estate Planning, Payroll Services, Bookeeping, and Accounting Needs

Heemer Klein is a full-service accounting firm, and your go to source when you’re looking for a “CPA near me.” For more information about tax prep or any of our other accounting services, call our Warren office at (586) 751-6060, our Richmond office at (586) 727-55145, or our location in Sterling Heights at (586) 751-1040. You can also reach out to us through the contact form on our website. 

2018
Oct-30-2018The Tax Cuts and Jobs Act of 2017Sep-26-2018What Michigan Business Owners Should Know About the Tax Cut and Jobs Act (TCJA)Sep-07-2018Are You Planning to Use Your Tax Refund to Cover Holiday Expenses?Jul-24-2018Heemer Klein & Company, PC Protects Client Data Against Cyberattacks Jun-01-2018Why Most Small Business Owners Should Convert their LLCs and C Corps to S CorporationsMay-18-2018How to Start Tax Preparation for 2019 Right NowJan-08-2018Tax Cuts and Jobs Act
2017
Oct-17-2017Small Business Health Care NewsJan-14-20172017 Standard Mileage Rates
2015
Dec-21-20152015 Tax Extenders (PATH Act) UpdateOct-27-2015Affordable Care Act (Obamacare)Sep-09-2015IRS News and InformationJul-09-2015"Solo"401K" Retirement planMay-26-2015Deducting Losses from a DisasterApr-03-2015Avoid Late Filing PenaltyMar-23-2015Reporting Foreign IncomeMar-19-2015Home Office Tax DeductionMar-06-2015Education Tax CreditsMar-02-2015Small Business Health Care Tax CreditFeb-27-2015Early Retirement DistributionsFeb-26-2015Net Investment Income TaxFeb-24-2015Capital Gains and LossesFeb-09-2015Missing W-2 / Prior year Tax Return CopiesJan-12-20152014 Comprehensive Tax Year In Review
2014
Dec-31-2014Tax Updates 2014May-23-2014Year End Tax Planning -- AMTMay-01-2014Standard Mileage RatesJan-03-2014The 2013 New 3.8% Net Investment Income Tax & Business Tax Breaks
Past
Dec-13-2013The Affordable Care ActJun-01-2013Higher Education Costs Continue to EscalateMay-01-2013Tax Breaks for Families and StudentsApr-01-2013Residency Issues for RetireesMar-01-2013American Taxpayer Relief Act of 2012Jan-01-2013Filing Status Implications