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Follow on Google News | A Small business Accounting Firm in Cambridge Explains What to Bring to a Tax Planning AppointmentProfit Financial Services, a small business accounting firm in Cambridge, recently wrote about tax planning appointments on their blog. They reveal what to bring and how to be prepare for your annual appointment.
By: Profit Financial Services The first category of this folder Piatek talks about is income. He states, “Declaring your income is serious business, and your folder should include very specific information regarding all forms of income that your family has. This includes information on you and your spouse’s main jobs, any side income that you might be earning, as well as information on your investments and dividends.” Henry’ Next, Piatek discusses banking and then deductions. The banking category is simply a record of one’s bank account information. In regards to deductions Piatek says, “There are two types of deductions: non-business deductions and business deductions. The first type, non-business deductions, should include the mortgage and property taxes on your house, student loans (not all student loans are deductible, so if you have any student loans you will have to check if yours are), as well as any information on charitable donations throughout the year – and here you can include church donations, as well as donations for any charitable events.” He continues by saying, “The documents included in the business deductions category depend on your and your spouse’s status on the labor market.” To learn more about this topic and to read the full version of this blog post please visit this small business account firm in Cambridge’s blog: http://profitfinancialservices.com/ About Profit Financial Services Inc. Profit Financial offers bookkeeping, accounting, tax preparation, Quickbooks, and payroll services to Cambridge and its surrounding areas including Waterford, Norwich, Brantford, Hamilton etc. Contact Profit Financial today for any financial needs by clicking the following link: http://profitfinancialservices.com/ End
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