Capital Advisory Group - March 2020

WHY IT PAYS TO FILE YOUR TAXES ON TIME 3 Benefits of Not Filing an Extension

extension can be helpful. But if you’re just disorganized, then it’s time to get organized. Do what you can to file on time, and communicate with us if that’s not possible. If we don’t have documents in to us by April 8, we’ll be forced to file an extension. Reduce your stress this season and get everything to us now! Do you rest easy knowing Capital Advisory Group is taking care of the tax strategy and preparation for your business and personal accounts? Let us know! We love working with you, and your referrals are greatly appreciated. Leave your review at CapitalAdvisoryGrp.com and tell your friends and family about us.

TAKE A BREAK your taxes on time (or, even better, early!). You’ll Receive Your Refund Earlier If you have money coming your way, the sooner you file your taxes, the sooner you’ll get your refund. Why prolong putting money back in your pocket? Every year leading up to April 15, we see to it that our clients’ taxes are filed on time. Of course, for various reasons, not everyone has their documents ready by then. Sometimes it’s due to documents they’re waiting on. Other times it can be due to a family emergency. Occasionally, it’s just due to disorganization. Last year, according to the IRS, 34 million taxpayers waited until the week before or the week of April 15 to file their taxes — that’s too many to chalk it up to late documents or family emergencies. While filing an extension can be helpful to cover you when you have extenuating circumstances, it shouldn’t be your go-to option. In fact, there are a few benefits to filing

You’ll Reduce the LikelihoodThat IdentityThieves Will Nab Your Refund Each year, according to IRS estimates, $12.2 billion is stolen from taxpayers through identity theft tax refund fraud — basically, it’s when someone uses your Social Security number to take your refund. By filing earlier, you’ll reduce the chances that someone will steal your refund and create a headache for you to deal with. YouWon’t Have to Stress About Penalties for Late Payment Filing an extension is strictly to extend the time you have to file your taxes, not to extend the time you have to pay any taxes you may owe. If you owe taxes, then you owe taxes, and there’s no way to extend that. Filing on time and paying what you owe right away can prevent late-payment penalties from accruing. All this to say, whenever possible, file on time! Life happens, and that’s where an

GREEN VELVET CHEESECAKE BARS

Ingredients

Directions

• 1 cup graham cracker crumbs • 1 cup chocolate graham cracker crumbs • 1 stick butter, melted • 1 oz green food coloring (gel works best) • 3 8-oz packages cream cheese, softened • 2/3 cup sugar • 3 eggs • 1/2 tsp vanilla extract • Green sprinkles, optional

1. Heat oven to 350 F, and line a 9x9-inch baking pan with parchment paper. 2. In a large bowl, combine crumbs, butter, and food coloring. Press into the baking pan. 3. In a separate bowl, beat cream cheese and sugar together. 4. Add eggs one at a time and stir in vanilla. 5. Pour mixture over the packed crumbs. 6. Bake for 40 minutes or until the center is set. 7. Let cool completely before adding sprinkles and slicing.

3

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