Tax Accountant, Thomas J. McAlister, Reveals How How a CPA Can Minimize Your Businesses Tax Liability – Wheat Ridge, CO

CPA Thomas J. McAlister, founder of Thomas J. McAlister, P.C. in Denver, CO, discusses important information on how to save tax.

For more information please visit http://thomasjmcalister.com/

Wheat Ridge, CO, United States – May 1, 2018 /MM-REB/ —

In a recent interview, tax accountant Thomas J. McAlister, founder of Thomas J. McAlister, P.C. in Denver, CO, has just revealed essential information for saving tax for those running a business.

For more information please visit http://thomasjmcalister.com/

When asked to comment, McAlister said, “Every year, millions of taxpayers feel overwhelmed when it comes to filing their taxes accurately and on time. The following steps will help in filing taxes efficiently while also minimizing tax liability as much as possible.”

One of the first things that taxpayers should do, according to McAlister, is to decide to self-file or hire a tax professional to file on their behalf.

“Self-filing might be a good option for some, but for most, hiring a professional tax accountant is the best way to go. This is particularly true for those who have several assets and streams of income to take into account on their tax returns,” McAlister said.

McAlister further added, “No matter how complicated or straightforward your taxes are, tax experts can reduce your tax liability by identifying credits and exemptions that you might not have been aware of. Spending the money to hire an expert can help you save in the long term.”

Even if you choose to consult a tax professional, taxpayers should get all their relevant documents organized as early as possible. He added that this can be done at the beginning of the year after receiving W-2 forms from an employer.
When asked to elaborate, he said, “Having all your paperwork in order will make the filing process easier when tax season rolls around. You should start gathering last year’s tax return, as well as receipts for expenses that can be used as deductions, something that is often overlooked.”

McAlister added that this also allows for enough time to catch mistakes in the paperwork that might have otherwise increased your tax liability.

Another way to boost savings is to be educated on all relevant deductions that can be claimed for a specific tax situation.
“As a tax accountant, I’ve noticed that many of my clients are unaware of the deductions they are able to claim to reduce their taxable income. These deductions might include home office expenses, work-related travel, and donations made to charity,” McAlister said.

Source: http://RecommendedExperts.biz

Contact Info:
Name: Thomas Mcalister
Organization: Thomas J Mcalister P.C.
Address: 4704 N Harlan St #675, Denver, CO 80212, USA
Phone: 303-279-1450

For more information, please visit http://thomasjmcalister.com/

Source: MM-REB

Release ID: 337821