The tax and accountancy service
Presler Tax & Accounting
If you are looking to maximize your income and minimize your taxes, you have come to the right place….
How to Track Expenses ?
Unfortunately, there is not a one size fits all approach when it comes to tracking expenses. We suggest clients do what they are comfortable with, as the end goal is to have the totals in the organizer. We’ve seen some clients use a notebook and others use apps. At the end of the day, providing accurate totals is all that matters. Located below this article is a simplistic, easy tax tracker. We do not require you to use it, but it is a bare minimum suggestion if you are starting out and have no idea where to start. Oftentimes clients get overwhelmed when tracking expenses. An ounce of prevention is worth a pound of cure. If you set aside some time every month to do expense tracking, it will simplify it for you. One-time expenses such as a laptop, can be placed in the tax organizer as it will not be a recurring expense. If you have any questions on different programs to use for bookkeeping, feel free to reach out to us.
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WHY CHOOSE US
Welcome To Presler Tax & Accounting. Maximize Your Income. Minimize Your Taxes.
If you are looking to maximize your income and minimize your taxes, you have come to the right place. PTA provides you with the resources you need to implement solid tax and business strategies into your company endeavors. As your complete source for tax information, PTA gives you access to detailed tax preparation guidelines, informative webinars, entity creation and protection strategies and more.
Avoid the most common Tax-Filing Mistakes
Presler Tax & Accounting Can Help You Avoid Common Pitfalls
Math Miscalculations
The most common error on tax returns, year after year, is bad math. Mistakes in arithmetic or in transferring figures from one schedule to another will get you an immediate correction notice. Math mistakes also can reduce your tax refund or result in you owing more tax than you thought.
Computation Errors
These are cousins to the standard math mistakes. In these computation cases, taxpayers or their tax pros make mistakes in figuring such tax-return entries as taxable income, withholding and estimated tax payments
Additional Income/Work
Did you have a side job this year? If so, as a contractor you probably received a Form 1099-MISC detailing the extra earnings. What about savings and investment accounts? For these, you should have received Form 1099-INT and Form 1099 DIV statements.
Missing the Deadline
Millions of taxpayers put off filing until the very last minute by filing Form 4868 to get a six-month extension. But you can’t miss the Oct. 15 date. If you fail to send in your tax return and any additional tax you discover that you owe, you could face late- or non-filing penalties.
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