Use These Helpful Tips Now to Make Next Year’s Taxes Easier

The 2018 Tax season has come and gone. By now you’ve probably already forgotten about them. However, if you want to get ahead on next year’s taxes, now is the perfect time to start. The more prepared you are, the easier tax filing will be.

It may seem a little early to start thinking about your 2018 taxes, but the sooner you get started the better. So what can you do right now? There are several ways to get ahead.

And by taking these simple steps you could relieve yourself of a lot of headaches come 2019.

Start by reviewing what happened this year. How did things go? Were there mistakes that could have been corrected? What would you have changed if you could go back and do your 2017 taxes again? Now apply all that to next year’s tax filing season. It’s not a bad idea to look at other previous returns as well.

Now is a good time to get organized. Create files and folders to gather, track, and store important documents and receipts. Having these ready now for next year will save you a lot of time and trouble.

Is now a good time to change your W-4 withholding status? If you had any changes in your family status then consider changing your withholding.

Now is a good time to make sure you understand the tax rules that apply to your situation. This is especially true if you’re self-employed.

Lastly, consider using a professional. If your taxes have become overly complicated and using a professional would make sense, then now might be a good time to start looking for a good accounting firm.

Taxes don’t have to be a nightmare. A little extra preparation now can go a long ways next year.

We hope you found this article about “Use These Helpful Tips Now to Make Next Year’s Taxes Easier” helpful. If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page or our website at www.GROCO.com. Unfortunately, we no longer give advice to other tax professionals gratis.

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Alan Olsen, CPA

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

Alan L. Olsen, CPA, Wikipedia Bio

GROCO.com is a proud sponsor of The American Dreams Show.

The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

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MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness. It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

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Use These Helpful Tips Now to Make Next Year’s Taxes Easier