This Is How Much Cash Your Business Really Needs
If there’s anything the recent economic downturn has taught us it’s that maintaining a healthy cash […]
Many people wait to file their taxes close to the deadline, but there are good reasons not to wait. While the IRS gives you plenty of time to prepare, this doesn’t mean you should take advantage of it. File your taxes early to minimize the risk of tax-related identity theft, have peace of mind, and better manage your cash flow.
Minimize the Risk
During tax season, identity thieves may use your personal information to file a tax return on your behalf. Thieves only need your Social Security number, date of birth, and name to file. To minimize or prevent tax fraud, the IRS advises you to file your taxes early. Early filing allows you to file for taxes before someone else does. If you suspect that you have been a victim of tax fraud, the IRS advises that you should still file your tax return, even if you must file a paper one. Check out the IRS or CRA pages to learn how to protect yourself from tax-refund identity theft.
Peace of Mind
Manage your cash flow