Mr. Miyagi say:
“Lesson not just karate only.
Lesson for whole life.
Whole life have a balance.
Everything be better. Understand?”
Of course, that is a quote from the Karate Kid. The quote is true. In my business I see when people get out of balance and it shows in every area of their life. It shows in their business, personal life, and even in filing their tax returns. I have seen many clients who had stopped filing tax returns. Why? They went to another CPA? No. They show up later, sometimes years later to file their returns. What happened?
Things got out of balance and serious problems resulted in every area of their lives. For example, a client who neglects his business typically sees a loss in profits and often loses the business and or files for bankruptcy. That in turn puts pressure on their personal life and often results in depression. The same happens when other areas are neglected. So the point is pay attention to all areas of your life and keep them in balance. Do not neglect your family, health, creativity, enjoying life, etc. just to succeed in business. Every area of life need to be taken care of.
If you need balance and have neglected filing tax returns, I will be happy to prepare your back tax returns and help you get back into balance. Call me today for a free consultation at:
Jeff Haywood, CPA
I prepare the following types of tax returns:
Federal and State Returns
Also, I am available for tax planning and discussions about business, retirement planning and life goals.
For recent US income tax content see the following links:
Now is the time to file those late tax returns for previous years
IRS: 8 Things to Know if You Receive an IRS Notice
IRS: Nine Fact on Filing an Amended Return
IRS: Eight Facts on Penalties
IRS Top Ten: Making Federal Tax Payments
Forming a New Business – Please Consult With Your CPA First
Questions After I Have Filed My Return
For a full list of prior post see the CPA Tax Blog.
As always keep in mind that the content provided on this site is general in nature and may or may not apply to your particular case. It is best to check with a tax professional about your circumstances and what is best for you personally. Also, IRS regulations and tax laws are constantly changing and the information on this site is not constantly updated. Again please check with me about your particular circumstances and what will be best in your situation at the given time and law.
This article was written by Jeff Haywood, CPA.
Jeff is a licensed CPA in both Texas and Illinois.
He has prepared income tax returns for the public for over 10 years.
He also has an MBA in Finance from Loyola University in Chicago and he has 24 years experience in Corporate Finance and Business Analysis.
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