[fname], while December through
March are prime time for Rocky Mountain winter storms, other
natural disasters like strong thunderstorms & tornadoes can
strike at any time.
As such, it's a good idea for investors & taxpayers to think
about - and plan ahead for - what they can do to be prepared.
Here are four tips to help be prepared:
1. Update emergency plans. Because a disaster can
strike any time, investors & taxpayers should review emergency
plans annually. Personal and business situations change over
time, as do preparedness needs. When employers hire new
employees or when a company or organization changes functions,
they should update plans accordingly. They should also tell
employees about the changes. Individuals and businesses should
make plans ahead of time and be sure to practice them.
2. Create electronic copies of key documents. Investors
& taxpayers should keep a duplicate set of key documents in a
safe place, such as in a waterproof container and away from
the original set. Key documents include printed portfolio /
account statements, bank statements, tax returns,
identification documents, and insurance policies.
Doing so is easier now that many financial institutions
provide statements and documents electronically, and financial
information is available on the Internet. Even if the original
documents are provided only on paper, these can be scanned
into a computer. This way, the taxpayer can download them to a
storage device like an external hard drive or USB flash drive.
3. Document valuables and equipment. It's a good idea
for am investor or taxpayer to photograph or videotape the
contents of their home, especially items of higher value.
Documenting these items ahead of time will make it easier to
claim any available insurance and tax benefits after the
4. Payroll service providers should check fiduciary bonds.
Employers who use payroll service providers should ask the
provider if it has a fiduciary bond in place. The bond could
protect the employer in the event of default by the payroll
service provider. The IRS also encourages employers to create
an EFTPS.gov account where they can monitor their payroll tax
deposits and sign up for email alerts.
Don't hesitate to call us if you need help or
need to get started on tax filing for the 2019 tax season!
If you have comments or questions on the information in these
articles, as usual feel free to call our offices. Thanks!
Feel free to give us a call if
you have a question about these
particular topics or issue or if you
need help or want to
get started on tax planning for the rest of 2019! If you have comments on the information in these
articles, as usual feel free to call our offices.
As always you can call our offices if you have any
questions about these or any other accounting, tax,
financial planning or Quickbooks related issues, at
Regards, Charles S. Wilson, CPA/CFF,
Certified Public Accountant
Certified Business Exit
Charles S. Wilson, CPA/CFF, CGMA |
Charles Wilson, Inc | 7333 W. Jefferson Ave, Ste. 235
Lakewood, CO 80235 | 303-980-5757 (O) | 866-567-3975 (F) | email@example.com