Occupational Worksheets

A Process that Begins with Selecting and Filling In the Worksheet that Applies to You

There Are Four Different Types of Expenses a Tax Preparer Must Consider.

Most only consider three. The best deductions come from business expenses. The second best deductions come from investment expenses (i.e. - rental property, pension contributions). The third best deductions come from deductible personal expenses (i.e. - medical, state and property taxes, mortgage interest, charitable contributions, employee business expenses... the government calls these itemized deductions). This is where most accountants stop.

But, the most underrated expenses are hidden in the client's personal and professional routine. Sadly, most accountants do not take the time anymore to find out about how the client spends his or her day, during and after work. Those like Bottom Line Strategies who do, find ways of legitimately moving some of these expenses into one of the other three categories. Simply stated, if the client wants more deductions, it is the preparer's duty to get personal, get down to the nitty-gritty... to probe.

Because Bottom Line Strategies professionals work with your peers, asks a lot of questions, and understands your professional routine and language, they know approximately how often, in what quantity, and how much your peers spend on certain items, offering a perspective and reality check that many tax preparers can't offer. Our experience helps clients recollect expenses they've forgotten or didn't realize were deductible.

What Makes For a Great Tax Preparer?

  • Excellent knowledge of the law.
  • Excellent knowledge of the government forms.
  • Excellent knowledge of the tax software.
  • Excellent knowledge of how IRS and FTB work.
  • Excellent knowledge of the clients' personal and professional routine and history.
  • Ability to see relationships between each of these things that can be used to the client's advantage to legally minimize tax liability.