Let’s talk about your taxes
Some tax pros will charge more to complete your taxes as the filing deadline approaches. While your taxes may be more complicated, it’s never a bad idea to keep an eye out for all the tax-related information you may have missed.
The Best Time to Get Your Taxes Done
The best time to get your taxes done depends a lot on your business’s size and financial situation. If you’re running a small business, you can likely expect to do your taxes in late February or early March, and you’ll probably want to do them as close to the end of the year as possible.
You’ll want to get your taxes done as soon as you’re ready, especially if you’ll be spending the majority of your time in January. If you’ll be doing your taxes during February and March, you can make a good case for booking a quick-and-dirty early afternoon in the last week of February.
But if you want your taxes done in January, February, or March, you can probably work around your deadlines. In general, there are three times when you may have more flexibility:
If you’ll be getting an extension for your taxes, and you have them scheduled around that time
If you’ll be filling out forms when you will be busy with other things (you’ll probably want to do your forms in February or March, and you’ll probably want to do them as close to the end of the year as possible. You’ll want to get your taxes done as soon as you’re ready, especially if you’ll be working for the government) If your tax deadline falls on a Sunday or a legal holiday (for example, Thanksgiving)
If you must file by a certain deadline (but you can probably work around it) It’s also worth noting that most taxpayers don’t need to file taxes at all in 2018. If your taxes are already due on December 31, you don’t need to file them until January 1st. (You may not even need to file at all in 2019.) You can check your tax status, and any penalties, by checking this link: IRS Free File
If you want to make a change to your 2018 tax return, or update any information that you entered when you filed your original tax return, make sure to review the latest update to the 2018 IRS Tax Tips, if you need to get help, be sure to get it online, you can visit websites like Raise and get a great discount. Your tax refund or credit is subject to the latest changes to the Federal Income Tax Law and is affected by the tax law that you’re filing (the law’s effective date).