Category Archives: IRS Refund

H&R Block Giveaway $32 Million For Tax Season

Tax Brand to Promote Sweepstakes in New TV Ads on H&R Block Giveaway

H&R Block

People who failed to win the Powerball should not be worried. H&R Block, Kansas City, Mo, based company, is planning to promote its services by giving away $1, 000 to 1, 000 consumers beginning with a lottery drawing on Saturday for 32 consecutive days. Since the price tag is $32, many people consider the H&R Block Giveaway a historical sweepstake. Kathy Collins, the tax firm’s chief marketing officer, says the sweepstakes might be the biggest one of all time.
In 2014, H&R Block prepared over 24 million global tax returns and previously offered 50 percent discounts on tax preparation services and other related promotions. It is encouraging timely filings of taxes, according to Ms. Collins. Consumers who file their taxes early have better chances of winning the lottery price.

The firm is airing two 30-second commercial ads to boost awareness of its lottery. In one spot, it features several men dressed as George Washington dance in well-designed moves. Social media and local marketing at the company will support the effort to air the commercials.

Moreover, H&R Block is running three ads to inspire people to do their taxes on their own. It promotes a $9.9 cost for DIY returns, a similar strategy to 2015. Besides, the company will begin airing two 15-second spots and two 30-second spots featuring Mr. Gartland and NBA player Anthony Davis between February 15 and March 15 for late season tax filers.

H&R Block worked with Minneapolis-based Fallon on the current initiatives. Ms. Collins provides that the company has spent an amount close to the one they spent on last year’s campaign.

Throughout the last 12 months, the tax firm has been phasing out its popular H&R Block Premium band. It has converted those locations to Block Advisers, a new retail brand with 300 regional sites. Block advisers now focus on winning consumers with highly complicated tax returns and will have a unique logo.

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Criminals Benefit Via Fraud With Taxes

As with any online program, Turbo Tax 2013 has had its share of people trying to fraud the users by stealing sensitive login information. The reason that this happens is because people are not careful when they log into the system, or they do not ensure that their connection is safe.

Get Your Maximum Tax Refund

Criminals have systematically started to target Turbo Tax simply because it is a site where many people are now going to do their taxes without the help of an expensive tax refund business.

The Internal Revenue Service has reported major losses in its income since this type of fraud has been going on, but they are not the only ones. The customer is the one who also suffers when they are not receiving their full tax income. Sophisticated programs being used by criminals on the Internet are to blame for this, but also the method of encryption used on the site.

Keeping your password safe can help you to be sure that you will not have to worry about hacking in that regard, as is any type of malware protection on your computer. Intuit does offer some state-of-the-art protection for this, but it is also your duty to ensure that fraudulence does not happen on your part. This is all about the safety of you and your tax refund, after all. Always keep your Turbotax login tax return 2014 information safe.

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H and R Block Surveys Eliminating Tax Fraud Options

Americans might be willing to wait longer for their tax refunds (60% responded) and would like to see stronger requirements for tax preparers to help reduce tax fraud. H&R Block ran a survey of tax payers this year related to tax fraud and ways to reduce it. 70% of those responding to the survey wouldn’t mind answering additional questions on their returns if it would help out.

H&R Block

Eliminating Tax Fraud - H&R Block Business Center

H&R Block Business Center (Photo credit: EVRT Studio)

An H&R Block executive explained that tax preparers do not have any requirements or licensing in 48 or the 50 states. He made comparisons to hair barbers who need to be licensed everywhere. But he doesn’t stand with the courts which decided against making tax professionals get training and pass tests before they could work in the field.

Those against preparer requirements of testing and training think the certification should be optional so that it benefits young tax preparers without placing a new burden on seasoned professionals that are already trusted in the community. The lawyers fighting the IRS in court also argued that certification would benefit the big players in the field that could absorb the costs while putting smaller operators out of business.

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3 Reasons Why Doing Your Taxes Early Is Beneficial

There is one thing in life that almost everyone hates equally. You probably already guessed it as well since the answer is taxation. No one likes filing taxes but it is something that you must do as an entrepreneur. There are some simple ways to make filing your self-assessment forms a little bit easier and it is a good idea to take taxes seriously. For instance, here are the three reasons why doing your taxes early is really beneficial for you.

Doing Your Taxes Early

Doing Your Taxes Early

1. You Can Get Your Money Back Earlier

If you end up paying too much tax or you are entitled to refunds and filing your taxes earlier and on time can really help you get your money back earlier as well.

You can avoid the thousands of other people who file their taxes on the last day, or even late, and get rewarded with a nice payment much quicker.

There is also an additional incentive to pay your corporate tax earlier. In the UK the Government might in some instances pay you interest if you pay your taxes before they are actually due. Therefore it is a good idea to keep this option in mind.

2. You Know Exactly What You Owe

It is very beneficial to start thinking about your taxes early because it allows you time to see how much you need to pay. When you are calculating your taxes early you can adjust to the payment a lot better, even if you do end up paying the amount only on the final due date.

Knowing what you need to pay in advance is really important for controlling your money. It might even allow you some time to adjust to the amount you need to pay by spending or investing more money and thus lowering the amount you have to pay.

3. Deal With Problems Earlier

Naturally, you will also have much more time to deal with the problems earlier. Filing your taxes and self-assessment forms isn’t always all that straightforward and it is much better to have as much time to prepare for it as possible.

As well as starting your filing process as early as possible it is a good idea to get a helping hand from an accounting company. There is plenty of affordable accounting online available for freelancers and small businesses alike. Going through your taxes early with an accounting company can really help you make the most out of your finances.

Conclusion

All in all, there are much more things to gain from filing your taxes early. There are also plenty of financial management tools you should start using. These don’t just make filing for taxes easier but can help you keep in touch with your finances at all times. For example, check out these apps listed by the Telegraph.

Since you have more to gain than to lose from filing your taxes early it is good idea to get into the habit of doing it. You can really enjoy a much more stress-free life and boost your finances as well.

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The Best Tax Tips For Your Business

Small business owners know that taxes can be confusing. This is true whether you have filed for several years now, or this is your first year in business. The laws change from year to year, and making sense of the federal tax laws is nearly impossible for anyone except an accountant or an attorney. If you are not careful, you could end up paying far more than you really owe. You could also end up paying too little, which will cause complications with the IRS later. In this article, we will look at some of the most important tax tips to consider and use so you are ready for your taxes.

Keep Track of the Expenses  

It is extremely important that you keep track of all of your expenses throughout the year. You should use software and apps to log each of these expenses and have a central database where you can gather all of them. Keep them sorted by different criteria including type of expense, date, and overall cost. The more detailed the notes, the better. Another tax tip is to make sure you create a backup of your files, so you do not lose them. Keeping the information in the cloud can be a great way to make sure you can always access it from anywhere. Check this recent article to find out some fresh 2014 tax tips

Deductions

Many small companies are unwittingly paying too much for their taxes because they are not taking advantage of all of the deductions they could and should take. These deductions are legal, and you should use them whenever appropriate. Some of the various types of deductions you could use include meals, travel, entertainment, and even health insurance. Just make sure you keep track of those expenses and keep your receipts so you can prove that they are related to your business if necessary. This tax tip makes things easier when it comes to filing. In some specific countries there is very low to zero tax rate, one of the is the BVI or the British Virgin Islands, which is an option to consider in case you pay a lot of taxes. Check this article here about the BVI tax company benefits

Another deduction that many companies are not using is for equipment. Since 2011, small businesses can deduct up to half a million dollars in equipment purchases, as well as equipment repairs. However, the catch is that the business must spend two million dollars or less on equipment for the entire year. Still, for many small businesses, this tax tip could be a huge and beneficial deduction.

Insurance for Employees

Small businesses that have employees and that offer coverage may be able to take the small business health care tax credit. The requirements for eligibility can sometimes be difficult to parse through, so talking with an accountant or an attorney about the matter is a good idea.

Charity Deductions

Just as individuals can reduce their taxes based on their charitable donations, businesses can do the same. When your business donates goods and services, it is possible to deduct the dollar amount or valuation of the items from the taxes.

These tax tips are things you should keep in mind all year long so you can save on your taxes. Make sure you get into contact with a professional when it comes time to go over and file your taxes, just so you can be sure you aren’t paying too much.

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Start Filing Your Returns With TurboTax 2014

Start Filing Your Returns With TurboTax 2014

Get Your Refund Early by Filing Your Returns Early: E-filing with TurboTax 2014 to Start on Jan. 2

Now that the IRS has set January 31, 2014 as the commencement date for processing tax returns, taxpayers are urged to start filing early. You can now get free TurboTax 2014 version from www.turbotax.com and start filing your returns from the 2nd day of January, 2014. The sooner you file your taxes, the sooner you will get your tax refund.

TurboTax 2014

Tax Refund Ballerz (Photo credit: bornazombie)

The average American taxpayer claims around 3,000 dollars in tax refunds. Furthermore, 8 in every 10 taxpayers in the country claim a refund every tax season. Intuit is encouraging taxpayers to start filing their returns at the soonest possible time to avoid delays in processing their tax refund.

Since TurboTax will start accepting e-files earlier than the IRS, the company will hold the information safely and forward them to the revenue service in a first-in, first out basis. This will go a long way in ensuring that taxpayer’s refunds are processed and sent back without delays, and it is important to note that the IRS does not anticipate any delays in doing this. The agency expects to perform as it did in the 2013 tax season; where 90 percent of all refunds were made in less than 21 days.

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