Some Important Considerations for

Sacramento Bookkeeping

Brought to you by: Capital Tax Services Inc at http://ctssac.com

Some Important Considerations for Sacramento Bookkeeping

April 15 is just around the corner but there's still time before the filing deadline to ensure your tax preparation needs are in place.

You don't have to cram your financial affairs! Do it now and make things easier for you and your accountant.

This article will give you tips in proper handling of your financial transactions.

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Some Important Considerations for Sacramento Bookkeeping

Forms Collection

Be sure to secure all your W-2 wage info. Firms will be sending 1099s out by this time. This will detail all your sales bond and stocks for the past year.

Scrutinize these documents and make sure there are no discrepancies. If so, ask for assistance from your human resources or payroll department so they can issue you an edited copy.

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Some Important Considerations for Sacramento Bookkeeping

Bank and Brokerage Statements

Make sure your accounts are available via monthly statements so your accountant can accurately figure out the kind of transaction you have done.

Your accountant will find it easier to alert himself through brokerage statements for those returns you carry from last year.

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Some Important Considerations for Sacramento Bookkeeping

Sort the IRA Contribution Statements

You have to set aside your contribution proofs especially those in brokerage statement forms or cancelled checks.

This is to make sure that you have something to show your accountant to receive the corresponding deduction.

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Some Important Considerations for Sacramento Bookkeeping

Find Social Security Data from Family

It is also very important for you to be certain about the SS Number of the new members of your family.

That includes the ones you have adopted over the past year. Credit may not be received if you don't provide this information to your accountant.

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Some Important Considerations for Sacramento Bookkeeping

Organize Receipts

Purchasing items necessary for your job or business can also help you with your tax preparation especially if your employer did not reimburse that expense, the item may be deductible.

If you are self-employed, there are also items in promoting your business that can be deducted from your returns. www.ctssac.com

Some Important Considerations for Sacramento Bookkeeping

This includes computers and desks, manufacturing tools and equipment, advertisement fees, electricity, gas and food purchase.

Save all your receipts and let your accountants document it.

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Some Important Considerations for Sacramento Bookkeeping

Engage in Charitable Donations and Events

Make donations by providing deductions for donated goods.

These receipts need to be saved and included in your returns as they will detail the items you have donated. Proper documentation through formal pictures is encouraged to substantiate such deductions.

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Some Important Considerations for Sacramento Bookkeeping

These are just some of the tax preparation tips you need to maximize your deductibles.

It is in the best of your interest to still have a firm grasp of how your company is doing financially so you better be able to do most of those listed above.

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Some Important Considerations for Sacramento Bookkeeping

Looking for reliable Sacramento bookkeeper?

Check-out Capital Tax Services Inc today!

We offer quality but affordable bookkeeping services, visit us now at www.ctssac.com

www.ctssac.com

Some Important Considerations for

Sacramento Bookkeeping

Brought to you by: Capital Tax Services Inc at http://ctssac.com