Think back to when you first set out to build your business. Do you remember what your “wants” were? For most, whether building a small business or becoming an entrepreneur, the first need, or “want”, was to have a business that provided the income you needed without overtaking your life. Working in the Corporate world was sucking your life away. Sure, you had an awesome career, maybe an excellent salary and title, but at what cost? Long commutes, long hours, you were missing out on the joy of life. So you decided to take matters into your own hands.
Do you rush to file your tax returns as soon as possible? Do you gather all your documentation and stand at the IRS virtual door on opening day? As with everything, filing early has its pros and cons, but is filing early really a good idea?? Like many things in life, the answer is, “It depends.”
Not every situation is conducive to filing early. Filing for an extension and putting it off as long as possible may make more sense for some filers. Read on to learn the good, the bad, and sometimes the downright ugly of filing early and why waiting might be best.
Keeping up with all of the routines can be difficult for those who work hard in their company or personal life. There are fifty million things to accomplish in one day with too little time and too few people to help. If you want to begin saving time, you can invest in a virtual assistant who will help you take some extra things off your plate.
April 15 is a dreadful day for many people, simply because it’s the deadline for filing income taxes. The truth is this day doesn’t have to be ominous or overwhelming. You can reduce your stress and improve your financial future simply by getting a jump on your income tax preparation early.