The Accounting & Taxes Newsletter offers monthly updates to keep you current on changing tax laws. Please feel free to read our client newsletter and share it too. It is provided to keep you up to date on the latest tax and accounting news.
Now that tax documents have started arriving in your inbox and mailbox, it's easy to set them off to the side to worry about later. There may be some benefit, however, to filing your tax return as soon as you can. In this month's newsletter, read about several reasons why you should consider filing your return early.
There are also tips to help make sure the preparation of your tax return doesn't get stuck, and the keys to success if you're an independent contractor.
Also read about 3 rules to help jumpstart your savings.
As always, feel free to reach out with any question or comments.
Read the Client Update Newsletter: February 2023
Tax filing season officially began on Monday, January 23rd. Not many people file that early, but for some taxpayers it makes sense to do so. Here are common reasons to consider trying to be at the head of the line:
Here are several ways to make sure that your tax return is prepared and filed as quickly (and as accurately!) as possible.
These are some of the more common reasons why the preparation and filing of your tax return may get delayed. Be prepared and file your return this year without a hitch!
The number of independent workers continues to soar in the U.S. According to MBO Partners, there were 64.6 million independent workers in 2022, an increase of 26% from 2021. The number of full-time independent workers increased to 21.6 million, up from 15.3 million in 2019.
Succeeding as an independent contractor, however, can be challenging because it requires understanding a different set of success factors than being a full-time employee. Here are some tips on developing your skill set as an independent contractor and where to turn to if you need help.
Remember that you are not alone. The complex nature of tax obligations for contractors can be navigated with professional help.
While U.S. savings habits are improving, nearly 50% of Americans have no more than $500 in the event of an emergency. If you want to ramp up your savings, every little bit helps. Consider these 3 rules to jumpstart your savings and start building wealth.