Tax Planning

Tax reduction planning is something that can be done throughout the year. When you walk into your tax preparer’s office in February or March to have your taxes done, it’s usually too late to do much of the tax planning that can be done to save taxes. Post Resch Tallon Group’s professional at NFS Tax Prep, Inc. in Webster can help you determine when to take profits and losses, shift income and deductions to the appropriate tax year, decide on Roth IRA conversions to help you maximize retirement plan benefits and reduce the taxability of social security income. These are just some of the issues that can be addressed to help you meet all your financial needs.

Things You Can Do to Prepare for the Upcoming Tax Season

  • Check Your Withholdings
    If you’ve had a big refund before, you should consider lowering your income tax withholdings if your income and deductions will remain similar in the next year. Alternately, if you’ve owed a substantial amount in your previous filings, you may want to consider increasing your tax withholdings to try and lessen your tax burden due April 15.

  • Examine Your Information
    It’s a good time to meet with your tax preparer – waiting until February of 2017 could increase stress when you’re getting ready to file your return. Get together, look at your tax situation, and start planning now.

  • Get Your Books or Financials in Order
    If you’re doing anything beyond working, it’s time to start getting everything in order so that you aren’t rushing at the beginning of 2017. If you have a small business or rental properties, get prepared to issue 1099s or prepare other forms you’ll need to complete your taxes.

  • Set Aside Receipts
    Don’t wait until the end of the year to start thinking about deductions – be smart and start pulling together the records immediately so they are close at hand come tax time.

  • Clear the Clutter
    Now’s a great time to clear the clutter as the days fall shorter. Consider gathering your old clothing and household items and donating them to a reputable charitable organization. Be sure to get a receipt for your donation. When you prepare your taxes, we’ll apply a “fair market value” to that donation. Your generosity may be worth $25 to $35 in tax savings for every $100 value of the items you donate.

Tax Preparation

  • Personal Taxes
  • Corporate Taxes
  • Fiduciary Returns
  • E-Filing

Client Forms

Click the links below to open up the form in a new browser tab.

Our Locations

map

Post Resch Tallon Pittsford

1163 Pittsford Victor Rd
Building #4 Suite 240
Pittsford, NY 14534

585-249-1030 Tel
800-877-4439 Toll-free

map

Neubert Financial Services

599 Ridge Road
Webster, NY 14580

585-671-1532 Tel

map

Post Resch Tallon Batavia

319 W. Main St.
(Crickler Business Center)
Batavia, NY, 14020

585-343-2600 Tel