With the filing deadline a mere 27 days away on April 18th, your tax return is probably completed by now. Your CPA or accountant has crunched all the numbers and you know what’s on the bottom line—how much you owe or will be refunded. How do you feel about your bill or your refund? Did you get back what you expected or wanted? Do you feel you paid too much? Maybe there was a legitimate way to reduce your tax liabilities or increase your refund in 2016. If you did your taxes on your own, did you enjoy the chore? How many hours did it take? Think about whether it was worth your time. Many people are penny wise and pound foolish. They don’t think about how much their time is worth. If you could have used your time to make more money and had handed over the tax task to a pro, you might have saved money. A professional preparer could have saved you time, not to mention money. Planning for next year, figure out how you will cross the finish line. Consider how Les Merritt, CPA and Certified Financial Planner, could save you money, time and headaches. Get in touch and find out how you can save on your taxes. Set up a meeting so that you can have that important discussion early. Contact Les Merritt today by calling (919) 269-8553 and make arrangements to be more productive hire a professional to get the most favorable return done in 2017.
On this day in 44 B.C. Julius Caesar did not heed the warning. A soothsayer reminded him on his way to the Senate that his life was in danger. Caesar ignored the warning, lost his crown and his life. He was assassinated by his enemies. The Ides of March became a day of infamy. Don't let this day be unlucky for you. Remember It's only 33 days until your tax return is due. If you and your accountant have not already started on yours, you might have to file an extension. Tempus fugit (time flies) which was coined by the Roman poet Virgil is still true today, so don't ignore the warning. Les Merritt, who is a CPA, Certified Financial Planner and has the Dave Ramsey Endorsed Local Provider (ELP) designation can help you. If you have been procrastinating, today is a good day to contact Les at (919) 269-8553 and set up a meeting. By filing on time or getting an extension, you can keep the dangers of missing filing at bay.
Did you know that due to tax cuts over the last four years that our state, North Carolina, has improved the business tax climate? We have gone the 44th best to the 11th best business tax climate in the US according to the non-partisan Tax Foundation. This is in part because of meeting revenue targets for the state. What this has meant is more business in the state leading to more revenue. To take advantage, be sure your accountant or CPA is aware of all the changes for North Carolina when filing your 2016 tax return. Les Merritt, a CPA and a Dave Ramsey Endorsed Local Provider, can find all the allowed deductions so you can do your part without overpaying. Tax returns are due in just over a month so be sure you have filed. If you are a procrastinator, contact Les today to file an extension. Call Les Merritt today at (919) 269-8553 to be sure you take advantage of this good news. Source: https://www.forbes.com/sites/patrickgleason/2016/12/31/the-5-best-worst-state-tax-changes-of-2016-plus-whats-on-the-docket-for-2017/#2d121f6c2314
March Madness begins here in North Carolina with the Men's ACC Championship next week. These exciting games are followed by the NCAA Basketball Tournament which starts on March 14 and ends April 3. As many eyes turn to basketball, some are procrastinating about having their taxes prepared and filed on time. Once a champion is crowned on April 3, you will only have two weeks to file your return or get an extension. Those who procrastinate will have a number of excuses including:
- Doing nothing prevents me from making a mistake
- I like to work under pressure
- I am a perfectionist and don’t want to mess up