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Accounting Income Tax Preparation Tax

Ditch the Dread! Tax Time Help is Here

Many people rely on outsourcing these days to enhance productivity. Whether you’ve hired a maid service, lawn care company or tech troubleshooter to ease stress and tackle tasks you’ve got no time to manage or not enough know-how, there’s always good reasons behind delegating work away. Get more information about online casino mit oder ohne bonus. At Gebauer and Company, we’re here to ease the burdens of tax time. We often see clients who have lost money by taking their returns to other outlets, only to be left disappointed or defeated. We are diligent about reviewing clients financial statements, past returns and taking into account life changes like marriage and retirement.

We are a family owned and operated team of two certified public accountants with backgrounds in business and finance. We specialize in helping people during the most busy and stressful time of year. If you’re scrambling this tax season to prepare your return, worry not, our CPAs can tackle the most challenging and complicated cases. Whether you’re self-employed, own a business with employees or just need a personal tax return filed, we’re here to help.We service Erie, Longmont, Boulder, Lafayette, Louisville, Fort Collins, Colorado and the surrounding areas. We offer free consultations.

Contact us ASAP!

 

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Accounting Business Income Tax Preparation Tax

Tax Changes You Must Know for 2016 in Longmont, Colorado

Planning on filing your taxes this year the same way as you did in 2015? Not so fast. If you’re busy preparing your tax return for 2016 and planning on replicating or echoing last year’s tax return exactly, you’ll find a few problems with this strategy.

Congress has made a few changes and those could affect your taxes this year.

One major tax change this year? In 2016, tax payers will have an additional 3 days to file their taxes as April 15th falls on Emancipation Day. Taxpayers can breathe a sigh of relief as they have an extra three days to file. The new deadline? April 18th.

Other changes that might impact your taxes in 2016?
*The Penalty for Not Having Health Insurance Has Gone Up
*Personal Exemptions Have Risen
*A Few Temporary Tax Breaks Have Become Permanent
*The Tax Benefit for Cancellation of Debt on a Primary Residence Has Been Extended

In addition, any personal changes such as marriage, divorce, buying a new home, having a child or a death can ultimately change your taxes. Any lifestyle change can affect your tax situation. We’re here to help you with your unique tax challenges.

The best bet when it comes to managing your taxes? Hiring a professional! Our CPA team in Longmont, Colorado realizes your time is valuable and so is your money. Why make yourself vulnerable to an IRS audit? We can ensure that your taxes are filed properly and timely. By hiring a professional, you’ll know if your eligible for deductions or credits. Tax guidance can make all the difference.

Our accounting team in Longmont is here to guide you! Contact us ASAP!

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Accounting Tax

How to File Your Taxes in Longmont

While there are many free online tools and programs that offer tax advice or information for filing, most are very complicated, stressful and confusing to use. Filing taxes using online software can result in errors and subsequent audits. At A.F. Gebauer and Company, we’re here to help answer all your tax related questions and make the process of filing your taxes stress-free.

Common Mistakes Made When Filing Your Own Taxes:

1.) Math Matters
We often find that when people file their own taxes in April, they fail to compute things correctly. The IRS will look for discrepancies and incorrect math entries can lead to having to having the IRS refigure your taxes for you.

2.) Additional Income
If you worked part-time, took on side gigs or did any contracting work, you’ll have extra earnings which will require additional tax payments. Many times, people fail to correctly owe taxes on additional employment income; this can result in IRS examiners discovering oversights in your tax returns and result in penalties.

3.) Charitable Contributions
Any type of donation from clothing to cars can result in valuable tax deductions. When giving to a qualified organization, there are many donation deductions.