by Karla Dennis | Sep 19, 2013 | Blog
Today we’re going to cover four smart ways to save on your taxes. I don’t know about you, but saving on your taxes is very important to me because it means I’m keeping more of my money in my own pocket; let’s cover a few ways to do this. Number one is to keep a financial journal. It is too difficult for us to remember in our busy lives what we did 365 days ago. Whether you keep your financial journal on your computer or PDA or in a notebook is really important to your recall. Any time you’re out there spending money that may concern your taxes, or even if you just have a question for your tax consultant, keep it in your financial journal because at tax time this is an excellent tool to refer back to, to ensure you’re taking advantage of all your tax deductions. read...
by Karla Dennis | Sep 18, 2013 | Blog
Today we’re talking about four different ways to keep Uncle Sam out of your pocket to keep more of your money. Over the years people have been paying more and more taxes and we want to show you how to reduce your tax bill. The first thing you need to do is review the past. It is important to know where you have been so that we can determine where we are going. Then, we need to assess your current situation. It is important to understand what changes have happened in your life that may cause change to your current tax position. read...
by Karla Dennis | Sep 17, 2013 | Blog
Do you want a tax strategy that is specific to your business needs? Are you looking for a tax strategy that will help you build wealth and isn’t something that everyone else is using? If so, the team at Karla Dennis And Associates, Inc.™ can do just this for you. At Karla Dennis And Associates, Inc.™, they specialize in helping individuals and businesses establish tax strategies, tax preparation and tax representation. You should know that when you work with KDA, no two tax strategies are alike. read...
by Karla Dennis | Sep 14, 2013 | Blog
If you have ever had to file an amended tax return or were concerned about inaccurate tax preparation a year long Tax Strategy may be for you. Far too often tax payers assume they can submit their own personal taxes for the year in order to save time and money. While this is certainly true of many people you could be actually causing more harm than good by going it alone. Having a proper Tax Strategy throughout the year may help you from having to file an amended tax return or from having your tax forms returned due to a misprint or miscalculation. While an amended tax return or a tax extension may be helpful it could also be avoided through proper Tax Strategy. It is important to note that a tax extension is an extension of filing your taxes and not on paying your taxes. By having a proper Tax Strategy in place you could have a better idea throughout the year of what your tax bill will be in order to plan for any amount owed. Individuals who file an amended tax return likely missed an important document in their tax filings or had not received the proper paperwork before sending in their yearly taxes. If this was due to assets or capital not normally dealt with on a monthly basis, such as inheritance of land or securities, your tax bill could increase. One of the best benefits of a Tax Strategy is sitting down with an experienced tax agent to discuss your specific situation. Simply by having a conversation a tax expert can learn about what...
by Karla Dennis | Sep 12, 2013 | Blog
Hello everyone my name is Karla Dennis and I am the CEO of Cohesive Tax Services thank you for your time today. I use this blog to keep small business owners and individuals thinking about their tax strategy and preparation in order to keep the most amount of money in their pocket. If you are facing a tax problem or simply want to better prepare for April 15th please contact me at my office or visit my website to learn how we can help you with all of your tax and bookkeeping needs. Today I wanted to talk with small business owners about the importance of having an accounting strategist. This is probably a new term for most but it is someone who will mentor you in order to increase revenue and streamline expenses. A true accounting strategist will brainstorm with you on ways to make your current and future business more efficient in order to keep the most amount of money in your pocket. If an accountant is simply entering data for you it could be a waste of time and money. A real tax accounting strategist is going to work with business owners to provide tips and advice on how to improve their day to day business. For example if your accountant is noticing an increase in revenue during a certain part of the year may be you are not aware of this information. By analyzing your books an accounting strategist can work with you to determine what was so special about that time period and how we can extend it over the course of the year....
