Max A Cohen

Most CPA's and accountants know how to prepare income tax returns and financial statements. To minimize your income tax liability or maximize your profitability, your CPA or accountant requirements to earn an understanding of your business and financial condition. A nice accountant or CPA will take the time and ask the correct questions to earn this understanding. You might discover that by deferring income or by accelerating expenses, reduced income taxes will be realized. Proper application of bonus depreciation methods could minimize income taxes over few years.