Looking back to 2019

We look forward not back 

Does your accountant seem obsessed with last year? If you want to legally pay less in taxes, you need a professional who looks forward. Relax Tax helps our clients focus on planning for a better future, and not the past. If we want to look back at anything, we thought it might be fun let our blog look back at what we learned in the last 50 plus years. You can get a FREE COPY of the entire guide at back.relaxtax.com. Now lets take a look at 2019.

2019 Big News Story

House Votes to Impeach Trump

 PER CNN 

The House voted almost entirely along party lines for two articles of impeachment to remove the President from office — abuse of power and obstruction of Congress — sending the case to the Senate for a trial expected to start next month.
The impeachment votes marked the culmination of a sprawling and rapidly moving three-month Democratic investigation into allegations that the President pressured Ukraine to investigate his political rivals while withholding US security assistance and a White House meeting.
The House voted 230-197 to charge Trump with abuse of power and 229-198 to charge him with obstruction of Congress. The votes were largely split along party lines: just two Democrats voted against both articles, Reps. Collin Peterson of Minnesota and Jeff Van Drew of New Jersey, who is expected to soon switch parties. A third, Rep. Jared Golden of Maine, voted for one impeachment article. Democratic Rep. Tulsi Gabbard of Hawaii, who is running for the Democratic presidential nomination, voted present for both articles.

2019 by the Numbers

Economic Data from 2019

 As we entered 2019, we treated the year as the initial tax season beta test. We would use the new systems and processes with our small scale of limited clients. If all went according to plan the 2020 would begin the accelerated launch. Although the 2019 tax season beta test went flawlessly, we would increase the capacity in every year going forward. 

Thus I took 2019 as an opportunity to learn the final critical area that haunts my clients, P&C insurance. In particular Home Auto and Umbrella coverages. By again taking the time and putting in the effort to "behind the curtain" of P&C Insurance I would have a combination of valuable hands on experiences that no other CPA could. 

So I joined a Fortune 100 Company in Liberty Mutual to understand the tricks of the trades not just at liberty but at the Many other companies that they represent through their Helmsman Agency

The 2020 Tax Season as we all know became a timing mess because of COVID-19 delays and PPP loan requests. But people have definitely become ready to conduct business virtually. We are excited to what 2021 and beyond has in store for us. If you have taken the full journey with us thank you. If not you can do so here: back.relaxtax.com 

A tax return is just a historical record of what happen financially in the previous year. If you don't think about your taxes until you start receiving your tax forms, then it is already too late. Click Here to schedule your risk free tax planning session. 

If your tax preparer isn't doing tax planning with you, then you have the wrong tax preparer. If you do your taxes yourself with software and just "tweak" the numbers till you get the numbers where you want them then you should read our blog post on what could be in store.