Tax Tips for Teachers in 2018

To our teachers and school administrators, we appreciate everything you do to curate an awesome and enticing curriculum for the next generation. Now it’s our turn to educate you on one matter…taxes. One thing is clear, it’s never too early to start planning for the upcoming tax season! Check out the following tips to help you as an educator stay on top of your taxes and get the biggest breaks and tax deductions ever!

Get the Most Out of QuickBooks Training

QuickBooks Training

Bookkeeping isn’t the same it was 10 years ago. Nowadays, it’s easy for small businesses to manage their own accounting with the help of QuickBooks. QuickBooks is an easy-to-learn software, accessible no matter where you are. Unlike other accounting software, QuickBooks takes little time to master, with some training. That’s why we want to help.

Take Control of Your Tax Extension

It’s important to file your taxes on time, but sometimes there isn’t enough time to get your financial records in order. In this case, the IRS allows for a six-month extension period to file your taxes, given that you complete and submit Form 4868 (for individuals) or Form 7004 (for businesses) before the April 15 deadline of each year. There’s no penalty for acquiring a tax extension! However, proving to be lackadaisical will do more harm than good. Here’s what you need to know about tax extensions, and why it’s important if you haven’t already to file your taxes before October hits.

What to do After Filing for a Tax Extension

Not everyone is ready for tax season, some years can be rougher than others. That’s why tax extensions exist, and they are a great move by you if done right. It’s easy to extend your filing period, simply send in a completed Form 4868 – Application for Automatic Extension of Time to File.

This year if you filed an extension prior to April 18, 2017, you now have until October 16, 2017.  The deadline may still seem far off, but time flies by fast and sooner than later that deadline will come up. If you haven’t gotten started on your tax returns yet, here’s a few tips to push you to file your tax returns.

Testimonials

  • "Working with Lucia & Company has been really great and has really helped our company. Lori is wonderful and we are very thankful for her services! Thank you, guys!"

    - Mark L.
  • "I have used Lucia and company for over 15 years.  They are excellent."

    - Lonno G.
  • "Lauri and her team are very professional, and knowledgeable when it comes our accounting needs.  In addition, they go above and beyond for our business/personal tax services. "

    - Darren L.
  • "This team has been taking care of my needs both professionally and personally for 30 years. They are professional and competent. I strongly recommend them."

    - Adam H.
  • "If you need an accountant, help with quickbooks, or advice on setting up your books, this is the firm to go to.  Laurie and her staff are quick and thorough -- they go above and beyond the call of service."

    - Jacki E.

Office Directions

San Bernardino Office

1887 Business Center Dr. Suite #4A
San Bernardino, CA 92408

Riverside Office

(By Appointment Only)
3576 Arlington Ave #200
Riverside, CA 92506

(800) 614-0139


1887 Business Center Dr. Suite #4A, San Bernardino, CA 92408 (800) 381-4132
Copyright © 2016 Lucia & Company CPA's
Web Design by ACU Web