Tax Planning Lawrence KS

Maximize Your Next Tax Return With Planning Services in Lawrence, KS

Whether it’s your personal or business finances, a professional well-versed in tax planning in Lawrence, KS, can help you maximize credits and take advantage of other opportunities to reduce your tax liability. Here are a few ideas to get started.

Get Organized

An effective filing system can reduce stress and save time. Tracking receipts, transactions and other financial documents is essential to prepare for filing taxes.

Visit us today for assistance with analyzing your financial situation and reviewing past tax returns.

Know Your Income

A progressive tax system means people with higher income will pay more taxes, but all income isn’t treated equally. Portions of income are taxed at different rates. Your first tax bracket might be 10% while your last portion may be at a much higher rate. Creating a strategy to reduce your income is easier with the assistance of professional tax planning in Lawrence, KS.

Understand Tax Credits and Deductions

Credits reduce your income in matching amounts and aren’t affected by tax brackets. A $500 credit will lower your income by $500. The value of deductions is determined by your tax liability and marginal tax rate so credits provide better cost savings. Common tax credits include child care, retirement savings and earned income.

Plan Ahead

Take steps throughout the year to prepare for tax season. Investments, purchases and savings impact your taxable income, credits and deductions. The experienced team at Peggy’s Tax & Accounting Service is dedicated to effective tax planning for individuals and businesses. Visit us today at website.

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Who to Call When You Need Tax Planning in Lawrence KS

When you need tax planning in Lawrence, KS, you want someone who is a professional. We understand that. You will want an office of experts in tax planning and IRS codes.

Who We Are

We are a team of tax professionals who are licensed to practice before the IRS. We serve many individuals and businesses in Topeka, KS, Lawrence, KS, and nearby areas. When you need a tax professional who understands tax codes and can individualize or customize your experience, you can count on us. When you visit us, we will give your case the individual attention it deserves.

What to Expect

If you own a business and need a tax professional to assist in any area of that business, we can help. Our team understands tax codes and regulations. You can expect that the team of professionals will treat you or your business with fresh eyes. We are a locally owned professional tax preparation, bookkeeping, and accounting firm. So, if you are looking for an accountant to handle the bookkeeping for your small business, look no further than us. We are proud of the work we do. We will stand behind it before the IRS if that is what we need to do.

If you need tax planning in Lawrence, KS, give us a call at 785-286-7899. You can also visit us on the web. For your convenience, our website is always open. We require an appointment for our services. If you need tax preparation, you should call today, and not delay.

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