If you still have not filed your taxes for 2022, don’t panic. The IRS estimates that 1/3 of Americans wait until the last minute to complete their tax preparation. It is not the ideal way to handle your tax return, but it’s not too late to get all of your documentation in order and file an accurate return that includes all of the tax credits and tax deductions you are entitled to claim. The important thing is to get started now and commit to filing what you need by the April 18th deadline.
As a small business owner, one of the most important aspects of running a successful company is managing your finances. While keeping track of your expenses and revenue is important, it's equally important to make sure you're paying the correct amount of taxes each year. This is where tax services can be invaluable to your small business. In this article, we'll explore how tax services can help your small business increase profits and stay compliant with tax laws.
Retirement is one of the most important milestones in a person's life. It is a time when you can finally relax, travel, and enjoy your hard-earned savings. However, retiring with confidence and financial stability requires careful planning. Retirement planning is a crucial aspect of personal finance. It is the process of setting goals, developing strategies, and making decisions to ensure you have enough income and assets to sustain you throughout your retirement. Many people today face the prospect of retiring without adequate planning and preparation. As a result, they risk running out of money in their golden years.
Filing your taxes can be a daunting task, especially if you're not familiar with the process. It can be time-consuming, confusing, and even stressful. Legislation like the Affordable Health Care Act, and the Tax Cuts and Jobs Act make even simple returns more difficult. However, it's a necessary task that needs to be done to avoid penalties and fines from the IRS. That's why it's essential to consider expert tax preparation services to help you get your taxes done right. In this article, we'll discuss the benefits of hiring a professional and how they can help you save time and money.
If you're thinking of investing in real estate in Des Moines, Iowa, owning a rental property can be a great option to generate passive income. However, it's not as simple as just buying a property and renting it out. To be a successful landlord in Des Moines, you need to be well-informed about the local real estate market, organized, and prepared to handle various challenges that may arise. In this guide, we'll share valuable advice to help you make your rental property business a success.
Setting financial goals is an essential step toward achieving financial stability and security. Creating achievable financial goals requires deliberate planning, discipline, and a clear understanding of your financial situation. This article provides tips on how to set financial goals that are realistic, achievable, and sustainable.
If you have a dependent that is planning to use financial aid for college, you might want to consider meeting with a financial advisor to create a plan for your assets ahead of time. Financial aid is mostly awarded based on need, so your assets could hinder your dependent’s ability to need-based financial aid.
Medicare is a federal health insurance program for individuals 65 and older, or younger individuals with certain health disabilities. Medicare is made up of 4 individual parts covering different aspects of a person’s medical coverage that come with varying costs. The individual parts can be combined to meet your healthcare needs. Most doctors take Medicare, but it is not a guarantee, so if you want to stay with your doctor and you’re nearing 65 it is a good idea to check with your doctor.
A 401(k) plan is a retirement plan offered by employers to provide retirement benefits for their employees. Employees have the option to defer receipt of some of their wages until retirement. The contributions are pre-tax and made by the employees, with taxes paid when they are withdrawn in retirement. Most employers that offer 401(k) plans will also match your contributions. If your employer does match 401(k) contributions, you should contribute even if you are only able to set aside a small percentage of your salary. Not taking part in a 401(k)-match program is essentially giving away “free” money.
It’s fall, and that means open enrollment time for workplace benefits as well as Affordable Care Act (ACA) coverage. When you’re reviewing your health plan options, don’t overlook the benefits of a high deductible health plan (HDHP).