It is New Year's Eve and goodbye 2011. Time to get ready for 2012 to poke up its head and begin a New Year. With that, tax filing is around the corner. What can you do today to help come April?
First, and easiest, tomorrow morning write down your car's odometer reading. Subtract the number you wrote down last New Year's and you have the total miles you drove for the year. That will help determine your auto deduction come April. If you didn't write down last year's number, you are now set for next year.
Second, pay any January business expenses you may have. Or buy the equipment that you need for your business today. Make a donation to your favorite charity. Any payments charged to your credit card today will be deductible on your 2011 tax returns.
Keep checking back to my blog as I will have helpful hints/rumor busters for your 2011 tax returns. As always, please do not hesitate to write or call if you have any questions. I am here to help.
Some final 2011 advice...
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