Suffolk County Small Business Tax Accountant and CPA Reveals Essentials for Reducing Tax This Year – Ronkonkoma, NY

CPA Michael J. Berger, Managing Partner of Michael J. Berger and Co. in Ronkonkoma, Suffolk County, NY, has just revealed the essentials for managing your taxes during this year’s tax season. For more information please visit http://www.bergercpa.com/

Ronkonkoma, Suffolk County, NY, United States - March 13, 2018 /MM-REB/ —

In a recent interview CPA Michael J. Berger, Managing Partner of Michael J. Berger and Co. in Ronkonkoma, NY, has just revealed the essentials for saving on taxes during this year’s tax season.

For more information please visit http://www.bergercpa.com/

“With tax season upon us, many people feel overwhelmed in filing their taxes accurately and on time. However, these steps will help you do your taxes efficiently and minimize tax liability,” Berger commented.

One of the most important things to do before filing for taxes is to get organized as early as possible by gathering all the necessary paperwork.

“There can be a lot of paperwork to take into account before filing, so organizing all the documentation ahead of time will make the process easier. This documentation includes last year’s tax return, as well as receipts for business, medical, or education expenses that can be used as deductions,” he said.

Berger added that the best time to organize everything is after receiving your employer’s W-2 form at the beginning of the year.

Another crucial aspect to take into account, according to Berger, is all the deductions that are available for your specific tax situation.

When asked to elaborate, he said, “Many people are unaware of the deductions – such as home office expenses, work-related travel, and charitable donations – that they can claim on their tax return. Claiming these deductions reduces taxable income.”

The best way to go about this, according to Berger, is to calculate deductible expenses and to compare them with standard deductions for this tax year.

Another way to save on taxes is to decide early on whether or not to file by yourself or hire someone to file on your behalf.

“Tackling taxes without consulting a professional might be a decent solution for people who have relatively straightforward tax returns. However, for most people who have many factors to take into consideration, hiring an experienced tax accountant or attorney might be the best way to go,” Berger said.

One benefit, he says, is that professionals can help increase tax savings by identifying credits and exemptions that might have otherwise been overlooked.

Berger added that paying extra money to have a professional file returns is worth the comfort of knowing that your taxes returns are filed accurately and on time.

Source: http://recommendedexperts.biz

Contact Info:
Name: Michael J Berger
Organization: Michael J Berger & Co CPA's LLP
Address: 3425 Veterans Memorial Hwy, Ronkonkoma, NY 11779, USA
Phone: +1 631-471-3400

For more information, please visit http://www.bergercpa.com/

Source: MM-REB

Release ID: 311208