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Tax Preparation Fort Collins

If you’re like most people, you probably don’t look forward to tax season. While there’s no way to legally get out of filing your taxes, the good news is that tax season doesn’t have to be something you dread with the right CPAs by your side. From filing your taxes to year-round support, having the right professionals to guide you through filing your business and personal taxes can make a huge difference. At Rodahl & Company CPAs, we understand that each client has different needs when filing their taxes. If you’ve been searching for “tax preparation Fort Collins” and are ready to start the process for 2023, you’ve come to the right place! Keep reading to learn what steps to take to make the process easier.

Checklist for tax preparation Fort Collins residents can use this year.

  1. Get Organized

There’s nothing worse when tax season rolls around than being unorganized. Many tax documents start getting sent out in January, so it’s a good idea to connect with your CPA before this so that you know what to expect when the documents arrive. Categorizing documents as they arrive can save you frustration later when it’s time to start rounding up information to present to your CPA closer to the filing deadline in April.

  1. Gather your documents

Gathering your documents is the most critical step in the tax preparation process. The best way to ensure that you have all the tax information and documentation required by the IRS is to get all of it together before speaking to your tax preparer. If you are unsure of what documents are needed, it’s perfectly fine to ask. In general, the following information is an excellent place to begin:

• Personal information

• Previous year’s tax return

• Financial business reports

• Asset information

• Loan information

• Income records

• Expense records

• Deductible expense information

• Payroll data

• Inventory

• Stocks or bond information

  1. File on time or apply for an extension

The deadline to file your 2023 taxes is April 18, 2023. If you can’t meet the deadline, you can ask the IRS for an extension. But remember not to wait until the last minute to do so. There are penalties for filing taxes late, so talk with your CPA to create a game plan before things get out of hand to avoid paying any more than necessary during tax season. If you are confused, a CPA is trained to handle filing correctly, so working with a professional can eliminate the stress of figuring out everything yourself. Trust your chosen professional, as it is their job to file taxes on your behalf.

While this checklist doesn’t cover everything you need for tax preparation, Fort Collins residents should work with a professional to ensure everything goes smoothly this year when filing.

Our Rodahl & Company Certified Public Accountants Fort Collins office is conveniently located on Timberline just north of Horsetooth Road. We have spent the last 22 years providing bookkeeping, accounting, and tax preparation to clients throughout Northern Colorado. Call us to schedule your appointment: 970-207-0747.

You may also be interested in Take Advantage of Tax Deductions for Small Business Owners.

Considering working with Rodahl & Company CPAs? Check out this 5-star review from our recent customer, Lana.

“We've had the pleasure of working with Dean Rodahl and his colleagues for many years. Rodahl & Company is a highly professional tax preparation service. They work closely with clients to gain a thorough understanding of all aspects of their business, sharing their knowledge and experience concerning self-employment and other unique tax issues in a timely and efficient manner.”