Personal Tax Preparation
Personal Tax Services to Help You Grow in Metro Atlanta
If you’re like most people, you think having an accountant on hand to help with taxes is only helpful one day a year. What you may not realize is that many financial decisions you make throughout the year can make an impact when Tax Day rolls around. When it comes to protecting your wealth through your day-to-day decisions, JDMA can offer you the peace of mind that comes with knowing you’re getting the best advice, whether you’re preparing for retirement or planning on purchasing a property. When it comes to personal tax, you may be leaving potential savings on the table without the knowledge and guidance of an expert tax accountant. Allow JDMA to be your financial advisor throughout the year, and reap the rewards (literally) in April.
Understanding the New Tax Code
The Tax Cuts and Jobs Act (TCJA) of 2018 made huge changes to the way the tax code affects both individuals and businesses. It’s likely that with the proper understanding of the new rules, you can save money on your taxes, but without an expert tax accountant by your side, you may not know the proper channels.
The experts at JDMA can sit down with you and help you understand how you and your family will be affected by changes made in the tax code and help you build a plan to navigate it in a way that protects your wealth.
Tax Planning
Tax planning for individuals seems fairly straightforward, but without guidance throughout the year, you’ll find that your taxes can be much more complicated than you think. Having access to effective tax planning and management can have a large impact when it comes to being compliant with your state, local, and federal taxes at the end of the year. That’s where we come in.
Almost every financial decision you make throughout the year, from sending your child to college to buying property and everything in between, can make an impact on the amount you owe and the number of deductions and tax credits you find yourself eligible for when it’s time to file your taxes. Our team of tax accountants and advisors can help you navigate your financial decisions, both major and minor, in the context of how they’ll affect your tax burden.
Unique Tax Circumstances
While individual clients don’t have the same issues that can complicate tax filings for businesses—interstate commerce and payroll tax, for example—there are some issues where not having an accountant can spell trouble for personal tax filings. For example, if you hold a partnership investment with income across multiple states, it’s easy to make mistakes that can bring the IRS knocking.
Taxes that individuals have to pay on estate earnings, capital gains, and other earnings are levied at different rates, and when your portfolio is diversified, it can become very complicated to keep track of your tax burden when it comes time to file your taxes. Call one of the personal tax experts at JDMA, and we’ll be happy to help.