Posts Taged income-taxes

Don’t Delay Any Longer: Get Started on Your Taxes Today

Hear that tap-tap-tapping noise? It’s the sound of calculators and keyboards, as Americans are working on filing their taxes this spring! The deadline to file your 2018 taxes is midnight on April 15, 2019. That’s just around the corner. Don’t hold off any longer—the time to file is now. According to the IRS, 20-25% of Americans wait until the final two weeks before the deadline to prepare their documents and file. The sooner you file, the less likely you will need to file an extension or pay a fine.

Here are seven reasons to get started on your taxes today:

  1. By the end of February most financial institutions have mailed out their respective tax documents. You should have all your documents gathered and organized. If you think you are still missing something (e.g., a document, form, or receipt), call the appropriate person to get that item sent to you right away. Tip: an email with the attached file is much quicker than the U.S. Mail.
  2. This is the first tax cut year under the Tax Cuts and Jobs Act, which overhauled the code that doubled the standard deduction. Give yourself some time to make sure you file accordingly, because this new code may affect your exemptions and deductions, and thus, your refund. CNBC outlines these changes.
  3. Tax preparation professionals are now smack in the middle of the tax-filing season. As soon as you have all your documents, submit them to your tax professional. Don’t procrastinate on this; even CPAs have to get extensions if they can’t file your taxes in time.
  4. There is a penalty for not filing your taxes by the deadline. This penalty is harsher and different from the penalty for failure to pay what you owe by the deadline. You should file taxes on time even if you are unable to pay all the taxes you owe by the due date.
  5. Get ahead of the fraudsters! The IRS advises filing as early as possible, to keep identity thieves from using your information to file a return in your name, and then claim your refund.
  6. Don’t forget that tax refunds are your money! Why wait any longer than necessary to claim it? You’ll feel much better knowing it’s in your bank account, and not the government’s coffers.
  7. Filing your tax return now and checking that off your to-do list is one more way to lighten your load. No more thinking about taxes for at least another 9 months!
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5 Ways to Make a Rainy February Productive

Plan and be productive

February – the month of the Super Bowl and Valentine’s Day, football jerseys and candy hearts. Around here, it’s also the month when we start wishing for the puddles to dry and spring to arrive. While it is still cold and gray outside, you CAN be productive and get lots done inside. Grab your favorite coffee drink, and let’s get cracking!

Put Away Holiday Decor

If you haven’t done so yet, pack up the rest of the holiday décor and put it away until next year. Return your inflatable Santa to it’s box in the garage, and recycle the sad, dry Christmas wreath. If the gloomy February weather is sapping your energy, you might need an energetic, cheerful organizer to boost your productivity and get the last of that holiday décor put away. We are a phone call away.

Reduce your Partner’s Burden this Valentine’s Day

For Valentine’s Day, think about doing something simple yet thoughtful.

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Part 2 – Does the Thought of Tax Preparation Make You Panic?  You Are Not Alone

Organize your paperwork

Unless you are an accountant, for many of us, filing our tax returns ranks on the list of fun activities right next to root canals. Some of us get through this yearly chore one way or another and file our taxes by the deadline.

For others, it is not so easy. Many Americans who struggle with this deadline may end up paying hefty penalties for filing their taxes late or not at all. There could be many potential reasons for filing late, but for some, the reason is simply disorganization.

All over the United States families struggle with the volume of paper coming into the home. Catalogues, magazines, kids’ schoolwork and projects, work papers, receipts, oh and – mail, enter our homes daily.

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Five Reasons to Get Started on Your Taxes Today

Don't delay, file your taxes today!
The deadline to file your 2016 taxes is on April 18, 2017. That may feel like a long time from now, but the time to file is now. According to the IRS, 20-25% of Americans wait until right before the deadline to prepare their documents and file. By then, they may be looking at extensions, or worse expensive penalties.

 

Here are five reasons to get started on your taxes today:

  1. By the end of February most financial institutions have mailed out their
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