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Are You Procrastinating Your Taxes?

For many, the mere mention of tax season can fill them with dread. There are basically two kinds of people in the world: those who like to get anxiety-inducing tasks out of the way, and those who will wait until the last minute. When it comes to filing your taxes before Tax Day, it’s certainly better to fall into the former category. But we understand that this is easier said than done. Here at Bowman & Company, we are here to help with our personal tax services.

Are you procrastinating your taxes? Here at Bowman & Company, we are here to help with our personal tax services.

Why You Shouldn’t Procrastinate Your Taxes

Before we explain how we can help, let’s take some time to review why you shouldn’t be procrastinating your taxes. Although a better question to ask might be this: why should you?

Sooner or later, you’re going to have to get them done. While personal tax services can help, there is no sense waiting to take those first steps toward filing your taxes. In fact, it can easily backfire.

You may think that you can knock your taxes out of the way in the days before the April 15th deadline. But this is a dangerous game. It may turn out that your return is more complicated this year than it has been in previous years, and you need more time than you thought. Or perhaps you don’t have all of your paperwork in order, such as the following:

  • 1099
  • W-2
  • Tax credit receipts
  • Statement form for mortgage interest (1098)

You don’t want to be scrambling around your home to find these documents at the last minute. The last thing you want is to end up with a late filing penalty, which can be as much as 5% of your taxes owed for each month after the deadline.

Personal Tax Services Can Help

Here at Bowman & Company, we pride ourselves on making tax filing as smooth as possible—even for procrastinators—with our personal tax services. As a CPA, much of what we do is help small businesses manage their taxes. But you can rest assured that the knowledge we have to help businesses is just as pertinent on the individual level.

We offer a personalized experience with our individual tax services. We won’t just help you file your taxes; we’ll help you reach whatever financial goals you might have. This might include planning for retirement or building up educational funds for your children. Or perhaps you’d like some help with your personal investments. Whatever your financial goals might be, just ask what we can do for you.

If you’re procrastinating on your taxes, we can help. Contact Bowman & Company today and ask about our personal tax services.

Contact Bowman & Company CPA Today

Bowman & Company CPA, PC provides all of our individual and small business customers with experienced, accurate, and affordable financial services. Our financial services aim at decreasing your taxes and increasing your net worth through responsible, timely, and accurate recordkeeping. We offer our services to clients throughout the Washington, D.C. metropolitan area including Maryland and Baltimore County, Columbia, and Howard County. For more information on our offerings, contact us online or call us at (410) 381-8121. You can also find us on Twitter,  Linkedin Facebook, and  Youtube.

 

This entry was posted on Friday, February 19th, 2021 at 11:01 am. Both comments and pings are currently closed.