Social Security Benefits That You Were Unaware Of

As a successful provider of tax services in San Antonio, Uhlenbrock CPA is sure that following are a few social security benefits that you weren’t aware of. Without these social security benefits, there are so many advantages that you are missing out on. Hear it from someone who has been an expert of tax preparation services in San Antonio over the years. 

Have a look:

•  Collect and Make More Money by Waiting Longer

Waiting till your 70th birthday to draw social security benefits makes your monthly payment jump up by about 76 percent as compared to a scenario where you opt to take benefits at 62 years of age. It’s important to remember that when it comes to social security payments, we are actually betting against death. Hence, in an event of you passing away before drawing the benefits, you are left with nothing at all.

Experts and providers of tax services in San Antonio would tell you that all of it depends on your financial situation at the time of retirement. 

• More Benefits if you are married for more than 10 years

It doesn’t matter when the marriage ended. If you were married for more than 10 years to your ex-spouse then you have a right to their social security benefits for life, which would be based on their earnings, not yours. This would be if you are not re-married.

This can be a great benefit for you if you were married to someone that belonged to a high-income bracket.

• Post Divorce Benefits increase upon the ex-spouse’s death.

Not only do you get a right to their social security benefits when they are living, but the event of their death, and you still being someone who didn’t get remarried would still get the right based on your earnings. Not only this, but you also get full benefits of a widow or widower. Even when your ex-spouse decides to get re-married, it doesn’t change a thing. 

Not only do we provide great information like this at Uhlenbrock CPA, but also offer the best tax preparation services in San Antonio. It is always smart to familiarize yourself with the subject of the rights you hold. But always be careful that such information comes from a reliable source. Go and explore many more benefits that you are entitled to, but are unaware of.If you have any queries, feel free to get in touch with Uhlenbrock CPA at 210-701-1040.

Tips to Start Planning Next Year’s Taxes by Uhlenbrock CPA

Are taxplanning and preparation simply end-of-the-year activities? Well, this is one common myth that most tax payers have. But, remember, do not leave your tax preparation to the last month of the year. Start your tax preparation early so that you can get sufficient time to plan your tax strategies, identify ideas that may help in reducing your taxable income, qualify for the right credits and optimize tax deductions. What are you waiting for? Get in touch with your tax planning professional in San Antonio today and start tax preparation for the current year.

No matter how busy you are or how boring tax planning may seem, starting early is always a smart choice. Here are few tax planning tips for the next year –

• Life events like marriage or birth of child has an influence on the amount of tax you pay. Use IRS tax calculators to calculate how much tax you will need to pay in case you have got married or had a kid this year. Also check if there are any forms that you need to fill and submit. When you start tax planning early, you have sufficient time to adjust your withholding amount.

• In case, you have suffered a casualty loss in the year, you can use it in the same year to maximize available write off.

• Research on qualifying schemes, 401(k) programs, SEPs and charitable institutions where you can donate money and gain tax benefits. You can also analyze the different tax free bond funds.

• Start early and use your time to find an experienced and reliable accountant or CPA in your area. The tax professional will not only ensure accurate tax filing but also proper tax planning.

• Set aside or contribute money to your requirement accounts. Though this can be done at the end of year also, contributing throughout the year will help you better manage your financial goals. 

Make tax filing process for next year easy and hassle-free by starting now! Get in touch with our tax planning service providers in San Antonio for professional advice. Call 210 701 1040.

Professional Tax Preparation Services In San Antonio

People nowadays choose to get their jobs done in the easiest possible way. Filling and completing a tax return for any business can be laborious especially for those businesses that are large in terms of scope and nature.

Considering also that every business have a very distinct tax saving strategy. At UhlenbrockCPA, Our primary goal is to save the money of the client by efficient tax preparation because we know that Profit maximization is a life time goal for any business.

Tax filing season is the time when business owners can't afford to make a mistake since it can result in hassles that they never want to deal with.This shows that a lot of businesses prefer to take advantage of experts who can handle tax returns professionally. Business tax services can help business of any kind to resolve complex issues regarding tax laws and any other small concerns such as paying bills at the proper time.

If you're looking for the best tax services in San Antonio, then you're in for a big leap! Check out UhlenbrockCPA now and Save more money with professional tax preparation services. Call us @ (210) 701-1040