GRAND JUNCTION, Colo. (KREX) — It’s crunch time for the 2022 Tax Season and filing can be stressful. Dr. Felicia Olagbemi, the Accounting Program Director for CSU Global shares some great tips on what you need to know when it comes to filing taxes and how to better prepare for the next tax season.
“Please, please be organized. Make sure that you organize all your financial records so that during tax season you will not be panicking saying oh my goodness where is this? Where is that,” says Dr. Olagbemi.
If you have issues organizing, keeping up with receipts or other legal documentation required for your taxes Dr. O has a tip for that as well.
“One of them is called Wave Accounting. It’s a free software that people can use and its usually imperative to the ones you have to pay for. You can record all your finances every month that way at the end of the year everything is ready, you just print the report. you do your own taxes or take it to your tax professional.”
Grand Junction is also filled with small business and entrepreneurs who have to file taxes, but their filing system can be a little more difficult. Luckily, there are great tips for them too. “Know your adjustable income. A good place to start is this year. If you know how much your adjustable income is this year – you are able to plan for next year.”
Dr. Olagbemi has a lot of great tips but the bottom line to ensuring your next tax season is a stress-free season, seems to be – a good filing system. Good luck!