I can’t believe it’s already March. It seems like almost yesterday that we were ringing in the New Year and getting excited for everything 2016 has to offer. Now, we’re looking forward to gearing up with spring weather but there’s something even bigger than that we’ve all been getting ready for: tax time. A lot of people have been looking forward to filing their taxes all year long and with the hefty sum they’ll be likely to receive back after filing, it’s really no wonder why there’s so much excitement in the air. Things like new cars, new furniture sets, paying off student loans, the latest gadgets and toys for their children, etc. are just a few things that I’ve heard family and friends mention that they’d like to use their tax refund for.When it comes to my plans, let’s just say I’m a little slower to get excited and was more than a little anxious to do my taxes.
Tax season has always been a source of stress for me. Getting all of my documents together, finding a tax company to trust with my documents, etc. it’s all just been a big source of anxiety for me. With Block Advisors, it’s easier than ever before to take in my documents and trust that they’ll get me through the tax season. Their tax advisors are available to help you get your taxes in order, all year around no matter what your tax needs are and are willing to engage in positive conversation about your specific needs whether you’re filing personal taxes or for your business. With more than 280 Block Advisors offices across the country, you can think of Block Advisors as your hometown tax advisors!Of course, there are other ways that I’ve learned to help make the whole process a lot easier on myself and I’d love to be able to share them with my readers.
Check out my top 5 ways to ensure you’re prepared for tax season, below:
1. First and foremost, the best way to prepare for your taxes is to Stay Organized. I’ve found that it’s most useful to start a folder or box of all my important tax related documents and financial records. This helps give you a head start on next years taxes, if not end up being helpful for the current year if you’ve done a good job keeping track of everything already.
2. Always, always, always review your information/taxes twice before filing. Sometimes the easiest things we can get wrong comes down to our birthdates or social security numbers and this can often upset the entire process.
3. Don’t be afraid to use the resources available in your arsenal. Often times your tax filing company has a website with most frequently asked questions and answers. If that doesn’t work, google is a great tool and has a lot of useful information on taxes. Simply put, I know because I used google for a lot this year!
4. Go over your options when it comes to how you’ll be preparing your taxes for the year. Will you use an online service or will you go to a personal accountant? Picking your method of filing beforehand helps ensure that you’re ready before tax time and can get your taxes sent off to the IRS on time without running the risk of missing your deadline.
5. With many different filing options available, it’s important to determine how you will file. You can let your account file for you, do an e-file or even fill out the appropriate forms and do a paper file from at home.
Filing your taxes doesn’t have to be a stressful event. It can be relatively simple so long as you take the right steps in ensuring that you have everything together in one place at the time taxes are due. These are just a few of the ways I’ve learned that help with the filing process and they’ve worked well for me. I hope if you refer to the list that you have as much success and low stress in the coming year that I’ve had!