Many people stress over taxes each year. In fact, according to Mental Floss, the average taxpayer spends 11 hours on tax prep and other tax-related work. However, you can follow steps ahead of time to make things easier. It’s a good practice to get organized for tax season before the time to file taxes arrives.…
Is it worth it to pay for tax services? That depends on your individual circumstances. Most people dread doing their taxes, and for good reason. The process can be long and complicated, and it’s easy to make mistakes that can result in penalties from the IRS. On average, taxpayers spend 11 hours doing their taxes…
It’s a good idea to begin preparing for tax season as early as possible so that when the deadline hits, you’re ready to go. It doesn’t matter if you’re new to the process or you’ve done it a few times, early tax preparation is always advisable. Read on to see the four ways in which…
For most people, tax season brings with it a sense of dread and panic about dealing with their taxes. According to the IRS, approximately 10% of people still prefer paper filing in 2018. If you happen to be one of these people, an ideal solution you may think of is to hire an accountant to…
There are many moving parts to running a business. As a business owner, it’s in your best interest to stay on top of various responsibilities that need to be done to ensure operational efficiency. With that said, you might find that some responsibilities – like handling business taxes – can be too tedious and overwhelming.…
Running a successful business requires using the right legal structure, ensuring your finances are in order and meeting filing deadlines. Handling your business taxes is one of the most important things you need to do to ensure the smooth running of your small company. According to the IRS, almost 70% of small firms hire tax…
If you’re dreading tax season, you’re not alone. Filing taxes can be complex and time-consuming, and it’s easy to make mistakes that could cost you money. That’s why it’s a good idea to have a professional review your taxes before you file. A certified public accountant (CPA) can help you maximize your deductions, minimize your…
Tax refunds are something every taxpayer looks forward to. According to research, the average tax refund amount is roughly $3,000. But what if we told you there are steps you can take to maximize your refund and get your money back that you would have overpaid? Here are the top four strategies for maximizing your…
It may surprise you that you may still file a paper tax return in this digital age. Only about 10% of people were still using paper filing in 2018. What are the issues to consider when you are busy with your tax preparation and faced with paper filing versus electronic filing? The Advantages of Electronic…
As a small business owner, you might want to wear many hats, but that won’t be the best way to grow your business. Some small business owners even take it too far and try to be marketing gurus, web developers, accountants, and bookkeepers at the same time. This will only lead to half-baked results with…
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