The IRS Issued a Warning to American taxpayers to expect smaller tax refund checks in 2023. And I can see how several tax changes will impact many individuals even if you don’t usually get a tax refund which is common for self-employed individuals. Watch this full video to prepare yourself.
Taxes are Increasing in 2023 (0:00)
#1 – Tax Refund vs Tax Liability (1:10)
#2 – Child Tax Credit (2:37)
#3 – Childcare & Dependent Tax Credit (3:47)
#4 – Charitable Contributions (4:23)
#5 – 3rd Party Apps Reporting to IRS (5:10)
#6 – Meals and Entertainment (6:15)
#7 – Bonus Depreciation (7:09)
#8 – Economic Impact Payments (8:25)
#9 – What Can You Do? (9:10)
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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).
Simple Advice On Getting The Most From Your Time
Nobody can dispute the fact that time management skills really are a critical component in any well-lived life. Knowing how to balance competing interests and demands on our time is necessary to leading a happy existence, both at home and at work. The article below is intended to provide valuable guidance to all.
Make use of a timer. Set it for how much time you have to work. Setting it will give you the ability to focus during the task.
Working a day ahead of time is a smart way to manage time. Create an agenda listing your jobs for the following day, if you can. Finishing off one day of work by preparing a list of tasks to tackle on the next day is an excellent habit to cultivate. When you have your jobs already in mind, it will be easier to get to work.
When making a daily schedule, remember to schedule time for interruptions that can occur. If you fill your calendar with appointments back to back without breathing room for surprise phone calls or late visitors, you can put your entire day off track. By anticipating distractions, you will be able to stay on the right path.
Create a list of all of the tasks you have for a day. Once you have the list, go through and prioritize each item on the list. If you get behind on the day, you can knock off something that is at the bottom of the list and reschedule it for another day.
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.
Say no sometimes. Saying “no” is hard for some people which ends up causing stress. Take a peek at your schedule if you’re overbooked. Can you delegate a few tasks to someone else? If there is, ask for some help from your family and friends.
When time is really of the essence, keep any sort of social media out of your workspace. Social media can be an extreme time suck, literally eating minutes and hours if you aren’t careful. To truly focus, you’ll need privacy away from these sites. It may be tempting to take a look, but remember how efficient you’ll be without it!
When you awake everyday, spend some time in planning your day. Grab a writing utensil and paper to jot down what you plan to do that day and the amount of time you plan to take to finish each item. This will help you make good use of your time.
People are expected to be on time. When you are not on time, not only are you disrupting your own time management, you are disrupting others as well. Try to build extra time into your daily plan. This will help you meet deadlines and make every scheduled appointment during the day.
A great tip for self-improvement is to only follow up with clients when absolutely necessary. If you can pass on follow up calls onto a subordinate, then do so. You need to handle what is most important for you and delegate effectively. This will go a long way with managing your time.
Make a list of the important tasks that you have to complete for the day. This will help you prioritize your tasks better. As you complete and check off each task, you will feel good about your accomplishment, and it will motivate you to move on to the next task.
Keep a journal or diary if you really want to find out how to manage time. For a week or so, keep a log of what you do and how long your activities take. Check out your diary after several days to see what you need to change.
If the day flies by, and you don’t ever get done what you need accomplished, try staying organized. When you are searching for items, you are wasting time. Keep your things organized. You will be amazed at how much frustration and time are saved.
Always bring along your list of tasks wherever you go. It’s an excellent way to remind you of what’s next in your busy day! There may be tasks that you need to finish that cause you emotional stress. When this occurs, you may forget what needs to be done next. Having a proper list compiled can help remind you of your tasks throughout the day.
Sometimes, better time management can be as easy as having a clock within your line of vision. There are many times when you get so engrossed in the task at hand that you can lose track of time. If you have a large clock right in front of you, it will help keep you aware of your usage of time.
Do the important projects first by learning how to prioritize them. Trying to do too much can cause poor quality. You won’t get anything done! Focusing on one item at a time allows you to have improved results.
To save money and time, do many things at once when it comes to errands. Do not just run to the grocery store to pick up a few items, but stop at the post office along the way or pick up some dry cleaning. If you need to pick up a child from an after school activity, go a little early and accomplish another small errand.
Look into the idea of grouping similar work together. Time management is often kicked to the curb simply due to ineffective use of resources. If you’ve got lots of things that need the same resources, then do them at the same time. It can give you back hours of your time if you”re effective about it.
Learning how to manage your time effectively and skillfully is perhaps one of the most vital tasks you can undertake. Once you have the tools to handle the hectic lifestyle we all tend to lead these days, you are sure to enjoy each day to the maximum. Keep this advice handy, and you really cannot go wrong.