The Benefits of Thinking About Your Taxes This Month As we enter the new year, one of the last things on people’s to-do list might be filing their tax returns. With the year we just had and the financial and tax implications people have faced, it’s no wonder why people are hoping 2021 will be a fresh start. However, getting a head start on your taxes can give you the boost you never knew you needed. Give Yourself a Head Start
SUDOKU
For the past 10 months, our government has taken on quite a lot, and it will have an impact on people getting their tax
returns completed and filed and will influence how quickly refunds will come back. In 2020, due to
SLOW COOKER CHICKEN CASSEROLE
the shutdowns throughout the country, there was an automatic tax extension,
which allowed people to submit their taxes through to July 15. Unfortunately, this will not be happening in 2021. Taxes are
scheduled to return to the standard submission date, so 2020 taxes are required to be submitted by April 15 this year.
• 8 chicken thighs or
• 1 lb potatoes, peeled and cut in large chunks
This is not the only reason why January is the best time to start getting everything together. In fact, filing your taxes early can give you plenty of other
drumsticks, lightly salted
• 1 tbsp olive oil • 1 tbsp all-purpose flour • 1 onion, finely sliced • 2 celery sticks, thickly sliced • 2 carrots, thickly sliced • 1 leek, thickly sliced • 2 garlic cloves, sliced • 14 oz chicken stock • 1 sprig rosemary • Finely grated zest and juice of 1/2 lemon • 1/4 cup fresh parsley, finely chopped 1. In a large frying pan, heat oil and fry salted chicken on high until brown. 2. Transfer chicken to the slow cooker. Add flour and stir. 3. In the frying pan on high heat, fry the onion, celery, carrots, leeks, and potatoes until lightly browned. Add garlic and fry for 30 seconds. 4. Transfer vegetables to the slow cooker and add the stock, rosemary, and lemon zest. 5. Cook on high for 2.5–3 hours or until chicken is tender. 6. Check seasoning and add lemon juice to taste. Top with parsley before serving.
benefits, including:
• • •
Faster tax refunds
More time to pay anything owed to the IRS
Preventing identity theft
• Gathering any additional financial information you may need for financial investments, such as purchasing a house or applying for financial aid for college • Talking to your accountant before their office becomes too busy If you need help preparing your tax information, talk to your accountant. They can inform you about what financial documentation you need and the timelines you’re working with, and get you started on the filing process. For any questions or to schedule an appointment with Tim Thompson, call our office at 877-829-7847 or visit our website at MyDFWCPA.com.
877-829-7847 3
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