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Is it Time to Start Planning for Your 2013 Tax Return?

It is never too early to start getting ready for the current tax year, even though your returns may not be due for another eleven months. Early and proper tax planning can help reduce the risk of owing money on your upcoming tax returns and also help reduce the risk of getting any penalties because you owe with your returns.

Now may be the time to adjust the withholding on your wages. If you owed money with your 2012 tax returns getting more tax withheld from your paychecks may help reduce the risk of owing when you file your 2013 tax returns. Claiming zero on your Form W-4 will withhold the most amount of tax from your paychecks. Another great planning tool is to frequently visit IRS.gov to stay up to date on any new tax law changes. Following these easy tips may lead to a happier tax season!

Please consult your tax advisor on all of the above information and “Like” us on Facebook for your chance to win gift certificates to great local restaurants, www.facebook.com/veseyandcompany.

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