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Although you’re probably excited about the approaching holiday season, the one to follow—tax-filing season—isn’t quite as well-liked. By being proactive, however, you can take the sting out of tax preparation and filing. There are benefits to filing early besides the speedier receipt of an anticipated refund. Here are some of the reasons why you should get a head start on tax preparation.

3 Reasons to File Taxes Early

1. Get More Back

According to the IRS, taxpayers have a financial incentive to file by late February. On average, proactive taxpayers saved $200 on their 2017 returns. Plus, by starting early, you can take your time looking for lesser-known deductions and lining up the necessary documentation, such as receipts, to claim them.

2. Eliminate Stress

tax preparationThe tax preparation process always takes longer than expected. The last thing you want is to be scrambling for information in the days leading up to the deadline or having to file for an extension. Instead, get started right after the holidays are over. If you finish your taxes at the end of February, you’ll have two months to submit your return. By the time everyone else is in a mad rush to finish filing, you’ll be free to wind down. If you usually pay a tax bill, the earlier you get started, the longer you’ll have to save up.

3. More Opportunities to Find Tax Preparation Help

Working with a professional is easier than trying to manage tax preparation on your own. However, if you wait until the last minute to file, you’ll be among 77 million other taxpayers who need to find help in mid-March. Your favorite tax accountant may not be available, and other respected preparers will be fully booked as well. By getting a head start, you can work with an accountant capable of giving you their full attention.

 

If you’re looking for a trusted accountant in the Twin Lakes, AR, area, turn to The Callen Accounting Group, PLLC. They’re proud to offer small businesses the help they need to file accurate returns and avoid audits. They also pride themselves on personalized service, using phone calls and texts to keep you in the loop. To learn more about their tax preparation services, visit their website, or call (870) 425-6066 to make an appointment.

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