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rpsg0534 t1_iyeypx3 wrote

CPA here. As another poster said the work done prior to the end of year will allow prep of the final return to go more smoothly so it should not be "double" work or billing. I think it is a good strategy to look before the end of the year at the tax situation because some things may pop up that can only be mitigated prior to the end of the year. It will also save time in gathering info now rather than during the busier tax season.

Also, asking your accountant what the goal of doing a mock return is a reasonable question. Ideally, a good accountant will be a trusted advisor looking out for possible areas of ways to mitigate headaches for you.

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senseibrittany OP t1_iyezx7l wrote

Thanks for your insights. I guess I'm having a hard time understanding how crunching a bunch of numbers based on estimated revenue and expenses and then redoing them with the actual numbers doesn't create some double work. Also, we're only 31 days from being able to do all of this with the actual numbers.

I should also point out that I have the world's least complicated business. I could put all of the info together that she needs to do my taxes in maybe 2 hours.

Yeah, I asked her about it and her response was super vague: "You can do an additional year-end payroll to pay additional taxes. That’s why we do planning now too." That was the entirety of the message.

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rpsg0534 t1_iyf1kg8 wrote

Understood. It may be boiler plate for the accountant to reach out to do year end planning regardless of your individual situation. It also sounds like you have a good bead on your business status and requirements. Not all business owners do.

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