Padgett Business Services Discusses Getting Ready For Tax Season.

Monday, February 24, 2014

Tax season can be a very daunting time of the year. It involves filing, computer time, calculating and other stresses. Padgett Business Services is here to make the process a little easier. We help with income tax, payroll tax, sales tax or any other necessary tax. Both businesses and individuals have a lot to go through when it comes to taxes. Everyone could use a lending hand. First, it is important to understand where your taxes go, important dates and what to expect for tax season. Whether this is your first time filing taxes or your tenth, tax laws change each year so it is beneficial to stay up to date.

Where taxes go:

Social Security support
Health care
Food stamps
Housing
Public schooling
Highways
Prisons

Important dates:

January 31st is when the electronic tax processing begins for the 2014 year.
April 15th is the deadline for filing taxes with the IRS.
April 20th is the last day to resubmit rejected forms.

What to expect:

By February, you should have received any Form W-2s from employers.
You will receive a Form 1099-MISC if you are an independent contractor.
Collection of paystubs and other necessary receipts should be done.
Refund time will vary based on whether the submission process was done electronically or by hardcopy (usually 21 days).
Higher income individuals will pay more.
Lower income individuals will pay less.

Changes in 2014's taxes:

Different dates and delays
Same-sex marriages will be legally recognized by the IRS
Obamacare influences

As stated above, the tax filing process is updated yearly. For 2014, the IRS has posted a later start date for tax returns due to the government shutdown that occurred in 2013. For those who are used to getting a head start, you still can! Filing is done on personal time; getting this done is the first step. Organize all necessary documents so that when January 31st rolls around, you are ready.

Refer to Padgett Business Services for any tax help. Whether this is right before April 15th or continuously throughout the year, we are more than happy to meet with you and discuss taxes. We work hard so that our clients do not have to go through the stress of tax deadlines and form submissions. Our support staff is professionally trained in preparation of tax season. Find a Padgett office near you to get started and discover how we can personally help you.



Franchise Ranking History
Franchise 500: #188 (2014), #108 (2013), #86 (2012), #86 (2011), #107 (2010),
Fastest-Growing: #102 (2010),
Top Home-Based: #20 (2013), #19 (2012), #21 (2011), #31 (2010),
America's Top Global: #109 (2013), #73 (2012), #72 (2011), #87 (2010)
FranchiseGator 100 list: #74 (2014)
Among America's top 10 Home-based franchises

Padgett Business Services News and Press Releases

This article has been read 1494 times.

Would you like to own a Padgett Business Services Franchise?

For more information about becoming a Padgett Business Services Franchise owner, including a franchise overview, start-up costs, fees, training and more, please visit our Padgett Business Services Franchise Information page.

Padgett Business Services Logo

Padgett Business Services
160 Hawthorne Pk.
Athens, GA

Phone: (706)548-1040
Toll Free: (800)723-4388
Fax: (800)548-1040

Padgett Business Services Franchise Information

Share This Page!


FREE FRANCHISE ADVICE

First Name:
Last Name:
Address:
City:
State: (US inquiries only please)
Zip:
Phone:
Email:
Capital to Invest

(Min $50k Investment)
Investment Timeframe:

Can I use my 401K or IRA
to buy a business?

Submit your request for a
FREE Franchise Consultation.