Today I’m going to talk about how to handle an IRS Tax Audit. And with the IRS beefing up its staff and reportedly hiring 87,000 new agents, it’s very important to know this information.
Tax Services Discovery Call:
#1 – What is an Audit?
#2 – What Triggers an Audit? (2:36)
#3 – Different Types of Audits (5:33)
#4 – How to Prevent an Audit (7:28)
#5 – How Long Does IRS have to Audit You? (9:55)
#6 – (10:58)
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IRS Audit & Tax Court Cases:
7 Popular Tax Write-Offs That Could Trigger an IRS Audit:
IRS Receipt Requirements:
Single Member LLC, What You Must Know:
How to Start a Business:
How to File Your Taxes as an LLC:
5 Startup Grants:
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
Important Time Management Information You Have To Know
Time management can help you get a grasp on things in your life. This is especially true when you have a busy day, but never really seem to fit everything into your daily life. Time management can help you focus on things that are important and help you schedule them properly. Keep reading for some great tips!
One good way to improve your productivity is to start with tasks you know you can complete easily. Prepare a to-do list for the beginning of the day that only includes quick tasks that you can get through quickly. Starting your day with a burst of productivity will motive you to take on bigger tasks as you continue working.
To help you reduce stress and stay on task plan each day’s activities. Plan the activities that you must complete daily by keeping a calendar. This will help ensure that you allot enough time for each activity. Additionally, this will help avoid scheduling conflicts that can create unnecessary stress.
Create a to-do list every morning before you begin your work. Sometimes time is eaten up in the day simply because you don’t have a plan. Even a light sketch of a plan, like a simple to-do list is enough to save you precious minutes, even hours, during the day.
In order to become a master of time management, you need to keep both the short- and the long-term in mind. Although it may feel more productive to concentrate on one task exclusively until it’s complete, weigh that feeling against the bigger picture. If you’re putting off major jobs in order to finish minor ones, you may be wasting a great deal of time!
Do not be afraid to neglect any tasks that are not essential. If you have a busy schedule, you can eliminate anything that does not have a deadline or something that could be done by someone else. Allow people to help you with the tasks that you do not have to handle personally.
Saying no is important. Many people get stressed out because they feel they must agree to everything that is asked of them. Check your schedule when asked to do something. Are there items on your schedule that you could give to someone else? If you can, get assistance from other people close to the tasks.
If time management is a problem for you, one helpful strategy is to create a daily plan for your day before it even unfolds. When you create this plan for your day is totally up to you. Some people like to plan the next day before going to sleep. Other prefer to do it in the morning. After you plan has been made, you need to stick with it the best that you possibly can.
Sometimes, people have problems with time management because they do not set a time limit on tasks they need to accomplish. Write down each task that needs to be finished on your daily schedule. Now, set a time when each task should be finished. As an example, if your have morning correspondence, then set 10am as the time all correspondence must be completed.
Stay on task at all times. Resist the temptation to shift focus from the task you’re working on to tackle a new one. You can easily find that others will try to manage your time by asking you to complete things when you are in the middle of working on other important things. Do not allow them to interfere with your work. Complete one task before doing the next one.
Get rid of distractions. Things that distract you can cause you to pay attention to them instead of what you should be working on. If the television is on and you are watching it instead of doing what you need to do, turn it off and work on your task.
It is often impossible to do everything that you want to do. In fact, it probably isn’t even possible. You spend far more time thinking about plans than actually executing them. Although working hard is always a fine idea, don’t push yourself to achieve impossible goals.
The time you spend planning your day can help you keep yourself on time throughout it. Devote a few minutes each morning to mapping out your tasks and appointments, giving yourself at least 10 minutes between each. This helps to avoid rushing, and should help you to manage the total time you have to work in the day better.
Come to grips that no one is 100% efficient. There are no robots among human beings. You won’t be perfect in your goal of efficient time management. All you can do is try, and work hard to do your best. Don’t get frustrated if some days are better than others. That’s the nature of it.
Look into software programs that are meant to help with time management. Once it is set up, it will be quick and easy to plan how your time is spent. This software is meant to help and it will prove to be quite effective in how your time is spent each day.
A simple yet effective time management tip is to keep a detailed journal each day that includes all tasks performed and errands run, and how long each one took. Try to maintain this type of log, especially on your busiest days so that you have a good reference for future planning. In this way, you will be able to craft efficient schedules for yourself that do not waste valuable time.
Consider Pareto’s Rule when considering time management. Really the lion’s share of your focused work (80%) gets done in 20% of your time. That’s normal and not the sign of someone inefficient. The human brain needs down time to adjust and renew itself. Make sure you give yourself breaks and periods where less is expected.
It is important that you understand how time management really works. Most people overlook the importance of proper scheduling and dealing with things on a daily basis. You can really improve yourself when you start to work with managing your time. Use the tips you’ve just learned to lead you to success!