AMD Tax & Accounting

What most of them do not do, especially the larger firms with thousands of clients, is look at the information you provide and ask YOU questions. By the time January rolls around, it's usually too late to make any adjustments to your books to lower your tax burden from the previous year. For example, if a client were to have a wind-fall year with record profits if $300,000, It would likely be too late to see what could be done to minimize that profit for tax purposes for the prior year. If the accountant had a better relationship with the client and was proactive in finding out this information BEFORE the end of the year, the accountant could have looked into retirement investments, depreciation allocations, capital expenditures, etc. to help minimize the client's tax burden.

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