Making Sense Of Cents

Learn how to make extra money, how to save money, how to start a blog, and more.

JOIN OVER 300,000
MONTHLY READERS!
  • HOME
  • BLOG
  • Make Money
    • best online jobs
    • passive income ideas
    • paid online surveys
    • How To Make $100 A Day
    • 80 side job ideas
    • More Extra Income Ideas
  • SAVE MONEY
    • Free Amazon Gift Cards
    • 16 Alternatives To Cable TV
    • best rewards credit cards
    • How I Paid Off My $40,000 Student Loans
    • More Money Tips
  • Categories
    • Income Reports
    • How To Save Money
    • Extra Income Ideas
    • Blogging Tips
    • Career Advice
    • College
    • Pay Off Debt
    • Retirement
    • Self-Employment Tips
    • Travel
  • BLOG COURSES
    • AFFILIATE MARKETING COURSE
    • MAKING SENSE OF SPONSORED POSTS
    • HOW TO START A BLOG
  • Contact
    • About
    • Contact
    • Advertise
    • Recommendations

The Advantages of Year-Round Tax Prep & Planning

Last Updated: March 9, 2017 BY Michelle Schroeder-Gardner - 1 Comment

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links, at no cost to you. Please read my disclosure for more info.

33 shares
  • Facebook33
  • Twitter
  • Reddit
  • LinkedIn
  • Email

Screen Shot 2016-01-15 at 10.03.30 PMTax season is right around the corner. If you are like some people, you may be panicking just by the thought of this. There are things you can do to prevent this feeling of panic for future year’s tax season, though.

What is that?

Well, you should think about prepping and planning your taxes all year long!

Oh, I know, that doesn’t sound like a ton of fun. However, it can make your life much easier if you manage your taxes year-round instead of trying to cram everything into a week or two when tax season comes around.

Here are two of the great advantages of year-round tax prep and planning:

 

You’ll be better organized.

By preparing all year long for your taxes, you’ll be better organized. You are much more likely to have organized receipts, know where all of the documents you need are for your tax situation, and more, if you stay on top of it all year long.

This is very different from someone who spends just a day or week (or another short amount of time) on their tax situation. Someone who doesn’t stay organized year-round may lose important receipts or documents, everything may be in a huge, stressful mess, and so on.

 

You’ll be less likely to forget something.

It can be very easy to forget something when you are doing your taxes somewhere around a year later. I mean, can you honestly tell me what happened in January of 2015 when you start doing your taxes this year?

It may be very hard, and this can lead to you forgetting what exactly a receipt was for, any expenses you may be forgetting, and so on.

This can then cause you to pay more in taxes because you are unable to remember certain things that happened the previous year.

I recommend looking into Block Advisors. Block Advisors is your year-round dedicated tax partner, offering both tax preparation and tax planning experience. They realize that tax preparation is not one-size fits all, and that people should look into managing their tax situation year round, instead of just one time each year. Additionally, if you run a small business, Block Advisors can provide your back-end needs including payroll, bookkeeping and more to serve all of your tax and accounting needs. With more than 280 Block Advisors offices across the country, you can think of Block Advisors as your hometown tax advisor.

Do you prep for your taxes year-round like I do? Why or why not?

This blog post is brought to you by Block Advisors. All opinions are 100% mine.

Related Posts

  • Shopping ALL DAYShopping ALL DAY
  • Dinner the past 2 nights, and HBO was taken back off our cable…Dinner the past 2 nights, and HBO was taken back off our cable…
  • The Power Of Positive Thinking – This Can Change Everything!The Power Of Positive Thinking – This Can Change Everything!
  • Why You Should Be Careful With 0% Financing OffersWhy You Should Be Careful With 0% Financing Offers
  • Get Paid $30 – $50 Per Hour To Pick Up TrashGet Paid $30 – $50 Per Hour To Pick Up Trash
  • Should you get an MBA if you want to start your own business?Should you get an MBA if you want to start your own business?
33 shares
  • Facebook33
  • Twitter
  • Reddit
  • LinkedIn
  • Email

1 Comment
Filed Under: Writers, Writers1

About Michelle Schroeder-Gardner

Michelle is the founder of Making Sense of Cents, a blog about personal finance and traveling. She discusses how her business has evolved in her side income series. She paid off $40,000 in student loans by the age of 24 mainly due to her freelancing side hustles. Click here to learn more about starting a blog!

Comments

  1. Hazel Adams says

    March 18, 2016 at 9:59 am

    It is interesting for me to learn a little bit about tax preparation. I did not realize I could prepare it year round. This helps me understand a little bit more about what I could do to repair it.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Making Sense of Cents welcome page photo
Hello and welcome!
My name is Michelle and I'm the author/owner of Making Sense of Cents. Learning how to save money and make more money changed my life. It allowed me to pay off $40,000 in student loans, start my own business, and I now travel full-time.

As Seen On

as seen on
How To Start A Blog
making sense of affiliate marketing for bloggers
My Monthly Online Income Reports
My Student Loans Are Gone - How I Paid Off $38,000 In Student Loans
How To Prevent Financial Fraud From Happening To You
Buying a House at 20 (How I did it)
How To Make Money Blogging Picture
How To Save 50% Or More Of Your Income Picture
How I Graduated From College In 2.5 Years With 2 Degrees AND Saved $37,500
75+ Ways To Make Extra Money

 

HOME
ABOUT
CONTACT
FREE FB GROUP

PRIVACY POLICY
TERMS OF USE
DISCLAIMER / EARNINGS DISCLAIMER
Copyright © 2011 - 2023. All Rights Reserved.

© 2023 Making Sense of Cents
Design by Swoon & Co. Creative