3 Things You Can Do To Prepare For A Smoother Tax Season

Feb 5, 2025

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Turn tax season from a dreaded chore into a smooth, stress-free experience with insights from Grayson Tracy, a seasoned CPA from Savage Esplin & Radmall. Grayson shares his expert advice on overcoming common hurdles like disorganized records and last-minute rushes, and outlines strategies for building a productive relationship with your accountant. Discover practical tips on document organization and communication that can transform your tax preparation process, a vital skill given the current shortage of tax professionals. Explore the art of balancing proactive tax planning with its associated costs, as we discuss the essential collaboration between financial planners and accountants.

Gain an understanding of the intricacies involved in tax filing, especially for those waiting on K-1 documents or facing potential tax liabilities. Grayson explains the benefits of making estimated payments to meet IRS safe harbor requirements, thus avoiding penalties and financial surprises. He also highlights the risks of relying on social media for tax advice, advocating instead for the guidance of a qualified professional.

Guest: Grayson Tracy, CPA
Webpage: Savage Esplin & Radmall, PC
Link: https://sercpas.com/about/
Phone: 435.673.6195
LinkedIn: https://www.linkedin.com/in/grayson-tracy/

Find Du Charme Wealth Management here:
https://ducharmewealth.com/contact-us/

#cpa #taxefficiency #taxstrategies #southernutah #podcastclips #podcast #stgeorgeutah

[00:00:00] Intro.
[00:01:34] Tax Season Preparation With Your Accountant.
[00:09:56] Proactive Tax Planning Communication Strategies.
[00:19:41] Tax Preparation Efficiency and Organization.
[00:28:50] Tax Payment Planning and Organization.
[00:34:26] Tax Season Extension and Recordkeeping.
[00:45:50] Tax Advice and Real Answers.

DISCLAIMER:
Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.