Staying Current in Tax Law Changes
A headline this morning caught my attention: "In the last 20 years, there have been more than 4,500 changes to the tax code. That's nearly two changes every three days!" (Thomson Reuters Tax Professionals, 2022)
How crazy is that! How crazy is that the current tax code is 74,000 pages long! Every day, I get calls from clients with questions that will impact their upcoming income tax returns. (By the way, I know a thing or two, because I have been asked a thing or two; there is never a dull day.) But that is what I LOVE!! My passion is guiding my clients through this complex process that is getting even more crazy every year.
Does your tax consultant take the time to get the full scope of your question? Do they see tax planning as a part of their service in preparation of your income tax return? I hope the answer to both of these questions is YES! If a preparer is only preparing your return for compliance or to charge you for their time without giving value, they are only serving themselves.
When clients call, they are asking a 'quick question' but the calculations that go into these answers are not so quick. That is why having a tax consultant who keeps up with the ever-changing tax code is pertinent to your business. I invest heavily into tax software and research software that allows me to dig deeper into your individualized situation and help you navigate through the tax codes.
At Schaffner Tax Solutions LLC, clients have become accustomed to having me on their side day in and day out during the entire year formulating their tax plan to ensure compliance is met with strategic planning to ensure the return is accurate and managed.
Yes, at times, mistakes occur, returns need to be amended. My difference is being in your corner and understanding your operation and always having your back and make it right. I will serve you with 110% commitment.
Our mission is easy to fulfil; because it has YOU in the center of our "WHY."
IRS has issued tax inflation numbers for 2023. Please call if you have any questions on how they will affect you. https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2023