Tax Prep Tip

Significant tax changes in 2003 may be of substantial benefit to you, especially if you are a business owner and/or earn a significant portion of your income in dividends and capital gains, according to Daven Sharma of Davis and Company, a Diamond Certified public accounting firm. Mr. Sharma recommends that if you prepare your own tax return, you should review and understand the tax changes before completing the forms. You can find information on ’03 tax changes on finance-related websites and in specialized newsletter articles at www.daviscocpas.com. Click the link to newsletters on the homepage. Unless your tax return is extremely simple, consider having a professional review your self-prepared return before filing it. A professional may identify additional deductions as well as potential costly errors and areas of concern. It shouldn’t cost you a lot to get a review because you have already done most of the work.