Taxes

When you look ahead to this year…which is you?

Our last blog talked about projecting your taxes, so you can see what’s coming and plan for it. A lot of what planners do is look ahead to see what is coming and what could be coming, so you can have what you need ready.  At Fiscal Fitness Clubs, we’ve broken down these tasks and given you step by step instructions and support to make it easier, because we know that managing your money and doing planning can seem [...]

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You sure you got all your stuff done for taxes?

Said with an old time western drawl, “Whoa Pardner!  Don’t be in such a dang-fired hurry. You sure you got all your stuff done for taxes?” We know. You just want it done!  The deadline is looming.  But slow down just a minute as you fill in all those forms or gather the documents to send off to somebody else to complete. Even if you’ve already gotten your taxes submitted, take a few minutes to consider the following: Even AFTER you file, as [...]

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Year End Tango with Taxes

We love the image of Tango with Taxes, because the Tango is intricate.  There are very specific steps you must take and they must coordinate with your partner and the beat of the music.  Year-end tax planning is intricate, too.  There are very specific steps you must take and they need to be coordinated with both your cash flow and goals, along with the IRS.  The Tango is also intimate, and, let’s face it, money and taxes are too! To [...]

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Whoa! Even if you’ve filed, you’re not done with taxes yet!

Whoa! Even if you’ve filed, you’re not done with taxes yet! Whether you’ve filed your taxes or not, you can’t quite put this tax season behind you because you have a few more tasks to complete. Calculate your average and effective tax rates. The average tax rate is the federal marginal rate plus your state rate (see the chart below). This is the tax that is applied to the last dollar you make. You use this to determine what you really made [...]

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Prepare! The Tax Man Cometh!

This is going to be a short blog ‘cause you got stuff to do…like your taxes. We’ve procrastinated long enough and April 15 is around the corner, along with spring. Here are some helpful hints to get you on your way to prepared for getting taxes checked off your list! GET TIME SCHEDULED ON YOUR CALENDAR. Gather your papers. If you followed our paperwork management January suggestions, you should be in good shape. You have a box with last year’s tax papers [...]

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It’s Taxing Time!

Yes, time for 2015 year-end tax prep BIG PICTURE: Interested in reducing your tax burden for 2015? If so, you’ve got to add one more thing to your year-end holiday gifting and partying! You’ve got shopping, and holiday parties, and family get togethers, and cleaning house, and wrapping and entertainment events, and New Year’s planning, and oh yeah…year-end tax moves. Who has time for those? (Let’s see, if you saved $40 on gifts in 3 hours on Black Friday, what [...]

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