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Tax Planning & Preparation

We monitor the changes in the tax law that affect you and recommend tax saving strategies. We will file all your tax refunds and serve as your advocate in all tax matters. If you are contacted by any government agency concerning your tax matters, your first call should be to us. We will take care of it so that you can get on with your business. Stay tuned to find out more on how the Tax Relief Act of 1997 is going to affect you.

Key Benefits

•  Bookkeeping Services

•  Payroll Reporting

•  Management Advisory Services

Planning to Minimize Taxes

Taxes are the most universally disliked of all personal finance matters. Rich or poor, Republican or Democrat, southerner or northerner, easterner or westerner, Americans dislike taxes, and they dislike the system that has been established to collect them.

Good tax planning can save you money. If you think about it, every taxpayer can benefit from learning ways to cut their taxes. In fact figuring out ways to save on taxes is as American as apple pie and baseball.

Tax Planning Tips 

• Familiarize yourself with the tax advantages available to you.

• If you have a sideline business, familiarize yourself with the tax advantages available to the self-employed.

• Coordinate your income tax planning with other important personal financial-planning areas, including investments and retirement planning.

• Carefully analyze any investment or transaction that is being recommended to you or that you intend to make primarily on the basis of tax saving. It probably isn't worth it.

• Don't lose sight of the role of "old fashioned" tax-advantaged investments like tax exempt bonds and buying and holding stock and real estate.

• Maintain complete and well-organize income tax records throughout the year. Your tax record-keeping should be coordinated with your personal record-keeping system.

• Spend some time after tax season with your adviser, if applicable, or yourself, planning to minimize your income taxes over the next several years. Effective income tax planning is both a year round process and a multiyear process.

Commonly Overlooked Tax Deductions

Homeowners Expenses

• Moving Expenses

Business and Job-Related Expenses

• Travel Expenses

• Automobile Expenses

• Meals, Entertainment, and Gifts

• Maintaining an Office at Home

• Record Keeping for Business Expenses

Medical Expenses

• IRS Forms and Publications

• Georgia Dept. of Revenue Home Page

• Small Business Administration

• Federal Tax Code Online

• 1040 and Other Tax Information Web Site

• QFN Tax Estimator-Estimate your Taxes

Copyright © 2001 T. Dennis Connally, Consultant, P.C., Certified Public Accountant
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