Paycheck withholdings were adjusted by the IRS earlier this year as a result of major tax changes. While the IRS strives to make withholdings accurate, it’s difficult to account for every situation.
You can avoid an unfortunate tax surprise if you assess your withholdings now instead of waiting until the end of the year. Doing some tax planning today gives you time to adjust your withholdings if you need to, plus possibly make estimated tax payments.
Gilliland & Associates, PC is a full-service CPA firm specializing in tax planning for individuals and businesses in the Northern Virginia area. We are based in Falls Church, VA and also service clients in McLean and Tysons Corner, VA. Gilliland & Associates is known for our superior knowledge and aggressive interpretation and application of tax laws. We help you keep more of your earnings by finding you the lowest possible tax on your business or personal tax return. You can connect with us on Google+, LinkedIn, Facebook, and Twitter.