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I wish I could take advantage of the tax software deals I mentioned, especially since we are State Farm customers. However, our taxes are a little complicated with both my husband and I owning small businesses. It’s late February now and I am in the midst of possible accountant change. I can’t help it. I was reading an article regarding a new tax deduction called the Sec 199 Domestic Production Activities Deduction. My current accountant who deals with small businesses is not familiar with this deduction.
Now this is my financial dilemma: Do I stay with my small business accountant and her small fees and miss the deduction or do I go to a big accounting firm with big fees and take the deduction? Without the taxes actually being completed, I don’t know what my costs and benefits would be.
The clock is ticking, so I need to decide soon. I will let you know once I have decided.
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