Resolution: noun A firm decision to do or not to do something As we go into a new year, there are so many areas in which you can resolve to do better … health, self-care, organization. In fact, when I searched for the most popular resolutions, almost all sites agree […]
Quick Tips
23 posts
Take some time to learn about 5 of the main types of budgeting. As you hear about the different budget types, start to decide which one will work best for you!
Everyone’s life is different, and similarly, everyone’s tax return is different. To perform a tax review, the first step is to determine why the review is being performed. If a tax review is needed because you were unhappy with last year’s outcome and your current year has not changed, then […]
A tax review can be useful for a variety of reasons. The following situations could cause a taxpayer to consider performing a tax review: You constantly owe money year after year and are tired of paying You constantly get a large refund, but have trouble making ends meet throughout the […]
To understand how a tax review works, we need to first recognize what it means to file your taxes in general. Every year millions of taxpayers sit down between the months of January and April to prepare their taxes based on the prior year. Understanding Your Taxes Simply put, a […]
Every year the IRS has the option of applying cost‑of‑living adjustments to the dollar limitations for retirement-related items, the social security wage base and HSA contributions. I’ve summarized some of the changes between 2022 and 2023 in the table below.
There are 5 filing status options on a tax return: Single Married Filing Jointly Married Filing Separately Head of Household Qualifying Widower To determine how you should file, consider what your status was as of 12/31. Even if your status changed throughout the year, the IRS is asking about a […]
This is the time of year when companies will be sending tax forms to their customers and employees. According to Internal Revenue Service (IRS) forms are due starting February 1st, with some extensions until the end of February and mid-March for more complex forms, such as K-1s or Consolidated 1099s. Some of the […]
One of the most common questions for a tax preparer is “When will I get my refund?” The Factors Some factors which impact the timing of your refund: – When did you file this year? – Did you claim the Earned Income Tax Credit (EITC) or Child Tax Credit (CTC)? […]
Figuring out your Net Cash Flow is an important tool when making financial goals. Until you determine if you come out net positive or net negative at the end of the week, month, and year, you can’t truly start to work towards achieving your goals. Using a cash flow tool […]
With the new year comes a time of setting new goals for yourself, not only on a personal level but also on a financial level. Have some fun filling in the 4 promises you want to make to yourself. If you want a starting point, take a look at the […]