The Problem: Your Taxes Just Got More Complicated
Marriage. Kids. Buying a home. Starting a business. These milestones are exciting, but when tax season rolls around, they can turn into a giant question mark.
- Should you file jointly or separately?
- Are you claiming all the deductions you qualify for?
- Is that new business venture about to cost you more in taxes than it should?
If you’re using TurboTax or another DIY tax software, it’ll do the basics. But what it won’t do is tailor a tax strategy to your unique situation. It won’t tell you how to legally reduce your taxable income, or warn you when you’re about to miss a major deduction. That’s where working with a CPA in Austin, Texas changes the game.
Why This Happens: Taxes Aren’t One-Size-Fits-All
Life changes mean tax changes, and most people don’t realize how much money they’re leaving on the table. Here’s what that looks like in real life:
✔ You got married – You might qualify for tax breaks… or hit the “marriage penalty.” Filing status matters.
✔ You had a baby – Congrats! Are you getting the Child Tax Credit? What about dependent care deductions?
✔ You bought a home – Mortgage interest, property taxes, and energy-efficient upgrades can be major deductions. Are you claiming them?
✔ You started a business – Suddenly, your tax situation is more complex, with write-offs, business structures, and quarterly taxes to consider.
Tax software won’t flag these issues for you but a great Austin tax accountant will.
The Solution: A Smart, Strategic Tax Plan
Don’t let tax season catch you off guard. Here’s what a seasoned tax advisor in Austin can do to help:
1. Filing Status & Maximizing Tax Credits
Your filing status isn’t just a box to check. It directly impacts how much you owe (or get back). A CPA firm in Austin, Texas can help you:
- Decide whether filing jointly or separately benefits you the most.
- Claim the Child Tax Credit and dependent care deductions correctly.
- Know when to itemize deductions instead of taking the standard deduction.
2. Avoiding Common (and Expensive) Tax Mistakes
Biggest mistakes people make after life changes?
- Forgetting to adjust tax withholdings after marriage or a salary jump.
- Missing out on homeownership tax benefits.
- Not deducting business expenses properly after launching a new company.
A small business CPA in Austin ensures every dollar is working in your favor.
3. Proactively Planning for Next Year’s Taxes (and the Next Five)
Great tax planning isn’t just about this year. It’s about setting up future savings. A proactive Austin accounting service will help you:
- Choose the right business entity (LLC vs. S-Corp can make a big difference in taxes).
- Maximize retirement contributions for tax benefits.
- Take advantage of tax credits you didn’t know existed.
It’s Time to Make Tax Season Work for You
Life is complicated. Your taxes don’t have to be. Instead of winging it with DIY software, work with a CPA firm in Austin, Texas that actually understands your unique financial situation.
At Insogna CPA, we specialize in tax strategy, not just tax prep. Whether you’re growing a family, buying real estate, or scaling your business, we’ll make sure you’re making the smartest financial moves and keeping more of your hard-earned money.
Let’s talk. Schedule a consultation today and get ahead of tax season before it gets ahead of you...