If you’re still procrastinating on filing your taxes this year, the good news is that you can still get most of the refund you’re owed (assuming you qualify). The bad news is that there are penalties involved if you wait too long, so it’s best to file as soon as possible if you want to benefit from your refund. Here are eight tips that might help if you’ve been putting off tax preparation in NJ this year.
Early Is Better
Don't Overwhelm Yourself
Know What Information You Need
How Long Will This Take?
Don't Wait Until the Last Minute to File
Make Time for Accounting Software
For many people, tax preparation involves a mad scramble to get all their information together. One mistake that can be made when you’re working under a tight deadline is using an Excel spreadsheet or piece of paper to manage your tax information. While these methods may work in certain situations, it’s important to know that if your situation is more complex, you should probably use accounting software—not only will it help you file in time, but there are specific functions that are designed specifically for tax management. No matter what method you choose to use, having one set way of filing taxes will make life easier come next April.