How to Achieve Financial Wellness
“Financial wellness” is a term that gets tossed around a lot, but what does it really mean? Financial wellness is often defined as having good overall financial health, both in the immediate present and from a long term perspective.
If you were to look at your own financial situation right now, would you have achieved that standard? If you’re not sure or if the answer is no, it’s time to make a change.
Your Guide to Understanding Goodwill Impairment
As a business owner, you probably acquire a great many assets. However, in some cases, you may end up paying more for those assets than their book value. When that happens and then the asset’s value is reduced, you are facing what is known as a goodwill impairment.
How To Plan Your Taxes
Tax planning is an important element that should be part of your financial plan. If paying the least amount of income tax is your goal, then tax planning has to be a part of it and it must be started as soon as possible.
What Happens If You’ve Missed Tax Day Deadlines?
According to the IRS, April 15th is the last day you can file your taxes electronically or postmark your paper taxes.
However, unexpected situations and/or bad planning happen in life, so what happens if you’ve missed tax day deadlines? If you never filed for an extension either, then keep reading so we can go through the options you have at this point.
Benefits of Hiring a Professional Accountant
Managing your own finances and books can be an overwhelming and time consuming process, especially when you still have a business to run. Even if you don’t own a business, but still find yourself stressed out everytime tax season comes along, not understanding why your tax bill is as high or not quite following every form and what it works for, means it may be time to hire a professional accountant.
The benefits of hiring a professional accountant start with the peace of mind of leaving this job to those who know how to do it best. A professional accountant can serve as a guide through the confusing path that taxes and everything IRS related can be.