As time begins on a new decade, it presents an awesome opportunity to focus on your financial goals. For many, the start of a new year often initiates personal reflection, also known as resolutions, that are attempted to be kept for at least the first few weeks of a new year. Instead, far too often, these ideas fall short as people tend to creep back into their previous habits and those things with which they feel more comfortable. This year, take advantage of a new opportunity and get things on track - starting with your money.
When the calendar turns to a new year, many of the tax forms you need to file taxes
begin to appear. Whether the recipient of a W-2 form from your employer, 1099’s, or other contribution forms from other outlets, the paper trail from a year’s worth of money movement begins to trickle into a home. As the new year begins, there are a few tips to help with keeping these items straight as you prepare to file a return and work toward getting a firm grasp on the future of your finances.
One of the best offers of advice for anyone hoping to be better prepared for financial success or any other type in the new year is to get organized. Especially when dealing with financial situations, having all of your paperwork in order and readily available when attempting to file your taxes can help to ease the stress on a situation. If you have the appropriate paperwork ready then it can streamline the filing process and make for a more quality experience.
Estimated Tax Payments
If you are self employed or have to file estimated taxes
, then making a final contribution can help to lower your taxable income for the preceding year. With the deadline for a fourth-quarter contribution coming in the following year but before the April 15 deadline, individuals still have time to make the most of their estimates.
Prepare To File
Typically the Internal Revenue Service (IRS) will begin accepting returns toward the end of January. Get ahead of the game by contacting your tax professional and ensuring you are on the schedule to get a return filed. Depending on the extent of your return, multiple trips could be needed in order to ensure a return is properly filed. Avoid any last minute headaches by planning ahead and getting your required return filed in a timely manner.
The tax and financial experts at Bloch Rothman and Associates
are ready and willing to assist if you should need help preparing for the upcoming tax season. Whether you need help submitting an annual return, owe back taxes, or any other personal or corporate wealth management issues, we are here and willing to help. In addition to providing a quality tax service, including navigating the intricacies of an audit, our group can also complete tax returns or answer any other factors associated with financial issues or concerns you may have. Serving in Denver and all of the surrounding areas for 35 years, our firm has an extensive history in helping clients with any and all of their tax issues or dealings with the Internal Revenue Service. If you have questions about your personal, business, estate, or any other filings, don’t hesitate to contact us
today. Available for all of your tax filings and needs, there are also a number of bookkeeping and payroll services offered to assist you and your business. We look forward to meeting you and serving whatever your needs may be very soon!