Example:It is not unusual for us to review a tax return that has thousands of dollars of mistakes on it from a prior year. And it is rare for us to find a situation where any strategic planning is done whatsoever. Most tax preparers are reactionary rather than proactive. With a recent client, we were able to save over a million dollars by planning out his tax strategy the year BEFORE the tax year the money was saved in! So if you've never sat down in November or December to plan for the following year rather than the past year, you haven't had proper tax planning.
TAX PREPARATION/PLANNING :
Tax return preparation is like any other profession, there are some accountants who are really good at it, and some who are really bad! Most people, however, feel that all tax preparers are the same and so they can simply shop for the lowest bidder. Not true. Keep in mind that close to half of your annual income may end up going to pay taxes, so trying to save a few hundred dollars in fees may cost you thousands in mistakes on your returns! But if you're happy with your tax preparer, eobm will provide them with a dream year-end tax report.
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