Your Annual Tax Control Checkpoint™
You've completed your first year of Tax Control Membership™.
Now it's time to measure something more important than how much tax information you've received:
Do you understand and control your tax situation better than you did when you started?
This annual checkpoint will help you find out.
Review the year. Identify what's unresolved. Establish your next Tax Control priorities.
START MY ANNUAL CHECKPOINTLook Back Before You Look Forward
Think about where you were when you joined Tax Control Membership™.
Could you quickly identify your business profit?
Did you know what estimated taxes you had actually paid?
Were your records current?
Did you maintain money for taxes?
Did you recognize when a major financial decision might have tax consequences?
This checkpoint compares that starting point with where you are now.
You don't need perfect numbers.
Answer based on what you know today.
What Has Changed?
UNDERSTAND
Do you know your numbers and understand your tax position better than you did a year ago?
PRIORITIZE
Are you better able to recognize which tax issues deserve attention instead of treating everything as equally urgent?
CONTROL
Are you reviewing important financial changes earlier and taking appropriate action before they become tax-season surprises?
Establish Your Next Tax Control Baseline
Your first year gave you a starting point.
Now establish the next one.
Write down:
Expected Business Revenue: $________
Expected Business Profit: $________
Current Tax Reserve: $________
Expected Major Business Change: __________________
Biggest Tax Concern: __________________
Then identify your three priorities:
Priority #1: __________________
Priority #2: __________________
Priority #3: __________________
Now circle the most important one.
That becomes the starting point for your next Tax Control cycle.
What Still Needs Attention?
Some issues shouldn't simply roll into another year because they're uncomfortable or confusing.
If your annual checkpoint identified:
Unfiled returns.
Incorrect prior returns.
Bookkeeping problems.
Estimated-tax concerns.
A tax notice.
A major upcoming transaction.
Business-structure questions.
Owner-compensation concerns.
Or another unresolved tax matter.
Identify the issue now.
Your membership can help you recognize that something deserves attention, but resolving it may require a separate service.
Year 1 Is Complete. Tax Control Continues.
Tax Control isn't something you finish.
Your business will continue changing.
Income will change.
Expenses will change.
Tax laws may change.
Your personal circumstances may change.
New opportunities and new problems may appear.
That's why Tax Control Membership™ is built around an ongoing rhythm of education, checkpoints, reminders and resources.
Your next membership year begins with the baseline you've established today.
Then the process continues:
UNDERSTAND
Know what's happening.
PRIORITIZE
Identify what deserves attention.
CONTROL
Take appropriate action while options may still be available.
Your Membership Helps You Stay Engaged
Tax Control Membership™ provides ongoing tax education, planning checkpoints, reminders and member resources.
It does not automatically include tax-return preparation, bookkeeping, amendments, tax-account investigation, representation, payroll services or implementation work.
When a checkpoint identifies a situation requiring individualized professional work, Tax Control Group™ can help identify the appropriate available next step.
No particular tax savings, refund, reduction in liability or other tax outcome is guaranteed.
Keep Sensitive Information Secure
Do not enter Social Security numbers, bank-account numbers or other highly sensitive financial information into this checkpoint.
When sensitive tax or financial records are needed, use the designated secure client portal.
For general membership questions:
