When to Contact Your CPA

Pin Image Here

Communication is the key to tax savings

We’ve come across client transactions that have already happened by the time we find out about it. That means there is very little tax planning that can take place, which means it can be hard to reduce any tax owed.

The key to saving on taxes is to have a plan in the beginning. Keep your CPA in the loop of all major financial decisions and business plans you have.

list of reasons you should call your CPA before you:

  • Sale rental or investment property

  • Withdraw money from retirement accounts

  • Deed property to family members

  • Start a new business

  • Large stock sales

  • Sell a business

  • Gift stock in your business to family members

  • Receive restricted stock grants

  • Loan money to someone

  • Change or start an estate plan

  • Divorce or marriage

  • Open a foreign bank account

  • Purchase rental or investment property

This list could go on and on but this will give you an idea. Basically if it will change your financial situation, your CPA should know about it beforehand.

Tax planning can save you lots of money in the long run.

We want to be able to help you do that!

Aligned CPA helps solo and small law firms. We’d love to talk with you and see if we would be a good fit for your firm. Contact us for a consultation today.


Joy Lizotte, CPA

Joy Lizotte, CPA

About Joy

I help solo and small law firms GROW by providing coaching, growth planning, accounting, and tax services that will take their business to the next level.

I promise you, working with a CPA can be much more exciting than crunching numbers and reviewing last year’s taxes. I look at the day-to-day of your business and help you find ways to perform better, grow bigger and generate revenue with greater ease.