Oddo Brothers CPAs - since 1979!
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Income Tax Estimates 
Income Tax Planning 

These two services help YOU:
…..1- Minimize your tax liabilities
…..2- Plan your budget accordingly
…..3- Manage your business
…..4- Avoid problems with the government
 
These two services help US:
…..1- Avoid unnecessary delays when we prepare your income tax returns
…..2- Minimize our charges to you

WHAT YOU NEED TO DO:

Ä1 – Provide us with your current UPDATED QuickBooks data file for your business. 
A "PORTABLE" type copy should suffice.
You can transfer the copy to us by using this link:

http://www.oddocpas.com/file-transfer.html 
(A new tab will open when you click but this page will remain open.)

"Updated" includes all material current year activity including prior year adjusting journal entries. 
A large number of unrecorded deposits and checks could materially affect the tax estimate. 


If you do not maintain your ledger on QuickBooks, then please provide the information using whatever system you do use. If you don’t use any system (not recommended), provide us with your best guesstimates of how you feel this year is doing compared to the prior year. 


Ä2 – Provide us with your estimated December 31 balances if your corporation return is being filed on the accrual basis
(call us if you're not sure), for the following:
                        Inventory
                        Accounts Receivables
                        Accounts Payables
 
Ä3 – Provide us with your estimated business for the balance of the year. 
This estimate would let us know if you expect business to be about the same, better by how much, or worse by how much.   If this information is not provided, we will assume the remainder of the year will be similar in activity to the first part of the year.
 
Ä4 – Provide us with any other activity. 
Please provide any information about other activity during the current tax year that could affect your taxes. Examples: changes in dependents, W2 forms, stock sales (include your original cost), sale of rental properties, etc.

 
Ä5 – Provide us with your prior year tax return.
IF this is the first year we are doing estimates for you and we did NOT prepare your personal tax return last year, we need a copy of your prior year income tax returns.
 
 
 
ALTERNATIVELY
Assuming you simply don’t have the time now to gather the information above, or your records are not up-to-date, contact us to discuss your situation. We can still run some numbers for you and help you prepare.
 
However, please be ready to provide us with:
 
Ä1 – Your best guesstimate of how you feel this year will end up compared to last year. 
For example, if think this year will be 10% better, we can give you an approximate bottom line liability based on 10% better.
 
Ä2 –Other Activity, things you might have as listed in #4 above. 
 
 
 
We look forward to hearing from you soon!!

Phone: 770-461-7627
Midtown Atlanta Office: 620 Peachtree Street NE, #120, Atlanta, GA 30308
Fayetteville Office: 819 Redwine Road, Fayetteville, GA 30215