This is the month that we celebrate Valentine ’s Day and the spirit of LOVE. As a divorcee, I know its a difficult and turbulent time dealing with the emotions of a broken relationship and attempting to get your life and MONEY back on track. But now that it’s tax season ……It’s time to handle your “financial business”. How should you file your taxes? The IRS now allows you to file your taxes as
What’s Love Got to Do with It?
- Single
- Head of House hold (you are unmarried or considered unmarried on the last day of the year and file a separate tax return with a qualifying child)
If love is still there but you have decided to legally
separate from the marriage, then your filing choices are
-Married filing jointly
( you file together with your spouse)
Divorce and separation tend to be matters of the heart. However, when it comes to your
business,,, WHAT’S LOVE GOTTA DO WITH IT?
Everything…..It takes a lot of love and heartfelt sleepless nights to go from zero to $100,000 in our businesses. How can you show your business love?
- Understanding your financial numbers i.e. Profit and Loss
(consider this as monthly love note from the business to the CEO)
- Spend time reviewing your expenses
- Understand your customer’s needs and wants
- Have a plan for the business that develops your business and allows for growth
- Make Money….Profits are Nice!!!
Sound similar to a relationship right!...For more tax and business tips please follow me on facebook @grantsfinancial or call 312-265-1414
Deanna Grant is a tax accountant located in Chicago, IL. She specializes in small business tax and accounting.
-Married filing separately
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