S CORP, C CO BIG IRS IMP ARE ON TH
Lots of people make New Year’s resolutions, and one of the most common themes is improving their personal finances. Whether they set out to better manage their debt, invest more in savings, or budget their spending better, a quick and easy-to-use app on their phone can make that goal much more attainable. Here are five of the best tools to track your spending: Mint CNBC rated this gem of an app the best free budgeting app! Along with extensive budgeting features that sync your checking accounts, savings accounts, loans, credit cards, investments, and bills, Mint can track your expenses and categorize them for budgeting. You can even set limits for each personalized category. The app is helpful for paying down debt, checking your credit score, and saving money. YNAB Instead of tracking past transactions, YNAB is one step ahead and follows a “zero-based budgeting system,” which helps you plan for each dollar earned. When you’re paid, the app assists you in mapping out how much of the income you can spend in each category you set, helping you become more intentional with your spending habits. Personal Capital Used mainly for investments, you can also get some budgeting assistance with this app! Checking accounts, savings accounts, credit cards, 401(k)s, loans, and mortgages can all be tracked and monitored on Personal Capital. The app even offers a net worth and portfolio tracker to help you get more out of your money. Honeydue Honeydue is an excellent app for couples because it allows each partner to see and track their finances, either separately or jointly. It can sync up bank accounts, investments, and loans and organize expenses into custom categories with personalized limits for each. The best part is that despite being made for partners, privacy can be toggled to each user’s specifications. Fudget If you’d rather not sync up all of your financial accounts, Fudget may be right for you. The app is straightforward, with lists of incoming and outgoing money and a balance tracker. There aren’t any budgeting categories or graphs to interpret — it’s finance at its simplest. SETTING AND MAINTAINING BUDGETS IN 2023 The 5 Best Apps to Track Your Spending
Recently, the IRS received a monumental budget increase, and Senate Finance Committee Chairman Ron Wyden has voiced his opinion on how $80 billion should be allocated and spent over 10 years. First and foremost, improving customer service has made the top of the list — taxpayers and tax specialists, we hear you loudly applauding! Due to the pandemic and government shutdowns, IRS employees were overstretched. The lag time in tax return processing and difficulty contacting Revenue Agents, Officers, and Appeals Officers have been frustrating, and it seems like something will finally be done. There will be a massive hire of IRS employees to help alleviate the shortage. The IRS also plans to invest in technology to improve service and enforcement across the board. This implementation will likely be lengthy, but in time, the fax machines and other older equipment will be upgraded. They will also be conducting more
Air Fryer Roasted Salmon With Sautéed Balsamic Spinach
Inspired by TasteOfHome.com
No matter what financial goals you strive to achieve this year, an app is an easy and accessible way to get you on the golden road in 2023!
2
630-832-6500 | 877-4-IRSLAW
Published by Newsletter Pro • www.newsletterpro.com
Made with FlippingBook Ebook Creator