It’s that time of year again, and for some, it’s their least favorite time of year.
Tax season is here and it can be some of the most stressful and tedious work a person has to go through every year. It doesn’t have to be so stressful, however. Knowing the right steps to take and resources to have can make all the difference to getting your taxes done efficiently and as painless as possible.
The first step to making sure your taxes are done correctly is to ensure you have the correct documentation for yourself. If you are an employee, the most important form you will need is your W-4 to determine the amount of federal withholding income tax from your paycheck. It is also important to have all of your yearly profits and expenses listed, whether that be through stock revenue or other means, to ensure you have full knowledge of how much you earned the past year.
If you are filing as the owner of a business, it gets a little more complicated.
There are many factors that play into this including your number of employees, payments made to 3rd parties, whether you own a building or work from home, and several other components. You will also need all of your accounting documents from throughout the year as well.
Although it is possible to file your taxes by yourself if you are filing individually or as a business owner, having a tax and accounting firm help can make a world of difference. Whether it be making sure all of your information is being reported correctly or saving you as much money as possible, outside help can make tax season the least painful it can be.
Don’t go through this challenging process alone. Here at Greenblatt Financial Services in Delavan, WI, we’re here to help you. If you would like more information as well as resources on how we can help you file your taxes, visit our website at www.greenblattfinancialservices.com or call our Delavan, WI office at (262)-275-2526