IS A TAX REFORM PLAN COMING?

Tax ReformAs the seasons turn and autumn moves into winter, we approach that period when we will be filling in our tax returns. Debate about the Tax Reform Plan rages on in Congress. What the final outcome will be cannot be determined yet since the House and the Senate bills must be combined if they pass in those bodies. The question we all want to ask is, “Will the taxes I pay increase or decrease and by how much?” Only time will tell. Until we understand the results, we will have to wait.

Whether the bill is passed and in what form, filing your taxes will continue to be a challenge. Each year new provisions are added or subtracted and few of us have time to keep up with all the changes. This is a good reason to use a CPA with that knowledge to help you with your return. You don’t want to miss any deductions that have been added since last year or take deductions that are no longer valid.

If you were disappointed or depressed by this year’s tax bill or small refund, now is the time to make a change for next year. Les can begin working with your financial situation and get you set for taxes next year.

Les Merritt, CPA, has been helping individuals and companies with their tax returns for over 30 years. You can trust that Les will stay up to date with the changes to the tax code and will prepare your tax forms, so you get the best financial benefits.  Call Les today at (919) 269-8553 to see how he can help you.

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