April 15th is fast approaching. With the right amount of preparation, you should have a firm estimate of what to expect on Tax Day. If you have not prepared, it’s not too late.
If you have received word of a large balance due, do not panic. Let us take a second look. There are steps to take, even at this late date, that could reduce your tax burden. Have you fully funded your retirement account? Have you made the correct decisions regarding depreciation? Is your information presented properly on your tax return?
While taxes are on your mind, now is a good time to seriously consider a possible Roth IRA conversion. Shanna Morales lays out the important points below. Theresa Kaake follows with some good bookkeeping information. As always, we hope you enjoy this issue of our newsletter and we wish you a great spring!