Your CPA Can Help Most Now!

Working with an accounting professional now will let you determine what expenses are best paid in 2006, what income should be deferred into 2007, and how best to manage your professional and personal finances to pay the lowest legal tax bill. That advice is coming from Geoffrey Kulik, partner in the Sterck Kulik O'Neill Accounting Group, a Diamond Certified company. Tax planning helps businesses determine whether they should put off expenditures, take arcane-sounding steps like accelerating Section 179 purchases, or make other decisions in 2006 that will help cut their taxes.

Fall is also an excellent time of year to interview a CPA for your business. If you need tax help or other accounting services, choose one now. Most professionals can readily schedule an appointment this time of year. If you delay until the tax-preparation crunch starts after the first of the year, you could wait weeks or be asked to call after April 15th.