I know you’d rather not think about this until April, or at least until after, say... Valentine’s Day or even St. Patrick’s. But the time to ask yourself where’s my tax refund and make sure you’re not doing anything to delay or reduce your refund is NOW. You can keep your Pentatonix CDs playing and grab an extra no-bake cookie or two, but if you can spare a few moments, I THINK you’ll find it useful to walk through a few tax-related issues with me before you take the family to see all the pretty lights tonight.
Read MoreWhile we all know that we have to pay taxes, many of us do not understand how taxes work. We just hope for the best each year when we file taxes. Many of us hope for the biggest tax refund we can get. I even know some people that intend to use their tax refund for a large purchase like vacation or a car. The down side to that is getting a tax refund is not always the best financial decision.
Many economist believe that the best way to handle taxes is to break even, or even owe money at the end of the year. Continue reading to find out more information about taxes and the best tax refund.
Paying taxes isn’t pleasant unless you are getting a tax refund. There are things you can do to maximize your tax refund and avoid some of the common mistakes many people make to make sure your return is even bigger. If you fail to maximize your tax refund or make some common mistakes then you are paying more in taxes than you have to.
Read MoreEfficient tax management plays an important role in ensuring you meet your tax obligations. Whether you intend to do your own taxes or seek the help of an expert, it is necessary to familiarize yourself with various tax basics as well as the process of filing returns.
This will not only help you to make more informed decisions but also ensure you avoid common tax-filing mistakes. Knowledge of tax issues will also put you in a better position to identify effective ways to lower your tax bill and invest your money wisely. Here are a few tax tips to help you as you prepare to file your taxes.
Read MoreThere are many wonderful things about owning and running your own small business, but there’s no avoiding small business taxes.
Most basic small business tax management can be done by anyone with a high school education and willing to devote the necessary time and energy while paying attention to the small print. But just because you could do it yourself doesn’t mean you should. Entrepreneurs have a wide variety of gifts and passions, but nothing says tax codes and number juggling have to be among them.
Read MoreIt’s easy to start to feel a bit overwhelmed by how often we pay taxes, directly or indirectly. Personally, I’d rather try not to think about them at all, but that’s not a great strategy. Let’s focus on the different elements of tax basics together, shall we?
Tax season seems to come around more quickly than we expect, despite being the exact same time every year.For some of us, this might be the first time and others have survived numerous Aprils either with an accountant or braving it on their own.
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