Did you know that the average person spends about 12 hours a week preparing and attending meetings? And that’s just for work. When you add in all of the major commitments, deadlines, and important dates in our personal lives like doctor appointments, birthday celebrations, and family events, it’s no wonder that some things slip through the cracks – including tax deadlines.
Here are some common reasons why an individual or business might miss a deadline, followed by practical solutions to each of these challenges. For peace of mind now and a more affordable, stress-free tax season next year, keep reading.
TOP 3 REASONS WHY PEOPLE MISS TAX DEADLINES
Firstly, let’s get this out of the way: if you missed a tax deadline, you’re not alone. At Lodestar, we help countless individuals and organizations with their taxes every year. Unsurprisingly, we hear the same reasons again and again for why people miss even the most important dates.
#1. I WAS JUST SO BUSY, I DIDN’T REALIZE THE DEADLINE WAS HERE ALREADY!
Like we said earlier, it happens. Here’s how you can prevent a busy period taking over your schedule to the detriment of your tax obligations.
SOLUTION: Add all of the major tax dates and deadlines to your personal and business calendars, and set recurring reminders as each date gets closer. Need help? Download our free tax calendar here.