Tax Preparation Advice: Three Financial Steps You Can Do

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When it comes to financial planning, many people tend to turn off. If you’ve ever seen the show Peanuts with Charlie Brown, talking about tax preparation is very similar to what Charlie Brown experienced when talking to his teacher, “wa, wa, wa, wa, wa.” The good news is that tax preparation and other financial planning doesn’t have to be scary. All it takes is a little bit of advanced preparation and the right people at your disposal.
First, many people get nervous when they hear the term budgeting. It can be a huge task to try to keep track of all of your spending, but you tax preparation expert can tell you that it will actually save you money in the long run. There are volumes written on budgeting, but one of the best pieces of advice you can have is to base your budget on what you actually spend. To do that, you tax preparation expert suggests that you keep a ledger of every cent that leaves your account for six months. At that time, add up what you are really spending, find places where you could realistically cut, and make your budget from there.
Tax preparation is also a sore spot for many Americans. It can be daunting to figure out how to wade through the complicated documents. The good news is that a tax preparation expert can usually save you more money than you would actually gain if you took time to do your taxes on your own.
Finally, estate planning is a huge concern for many people as well, but it doesn’t have to be. Your tax preparation expert can help you understand the tax ramifications behind each choice you make with your estate. You can also pick up an estate planning kit where you can sit down and truly decide what you want to do with your estate before you contact a lawyer.

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As seen in Forbes Magazine, Karla Dennis is an expert tax and business strategist. As an enrolled agent, Karla is licensed to represent taxpayers in all 50 states. She holds a Masters in Taxation and Business Development and is the author of two books, Tax Storm and Against the Odds.


Karla, CEO of consultancy firm Karla Dennis And Associates, Inc.™, has saved her clients thousands of dollars and has been featured in various media outlets such as Forbes, MSNBC, KTLA, Yahoo! Finance, and SmartMoney, marking her as the ultimate tax expert.


As of 2014, Karla became the new host on the “Mind Your Business” radio show, KTLK AM 1150, sharing her financial and business knowledge with the greater Orange County and Los Angeles areas. As a supporter of women’s rights and issues, Karla is part of the Women Network, an organization built to educate and mentor women. In addition, Karla is the radio host for Women Network Radio, a show that aims to uplift and empower women of all walks of life.

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