25 Dec Is it Best To File Taxes Early Or Wait Until The Last Minute?
Unless you’re a real outlier, you probably don’t enjoy filing your taxes. And if you’re like millions of Americans, you may procrastinate them until the very last minute. But that’s OK, right? Not so fast! To find the answer to that question, we asked the experts. Read their crowd-sourced answers below:
Bec Purczel is a registered Tax Agent at aceb.com.au that specialises in small to medium sized businesses.
Depends on the situation
The choice of whether to file taxes right away or wait until the last minute really depends on the individual or business’s personal situation. For example, some people may need to apply for financing and might need to urgently include the current financial year’s taxes to increase their lending capacity. Other people might hold off on lodging their taxes due to cash flow issues.
This is a crowdsourced article. Contributors are not necessarily affiliated with this website and their statements do not necessarily reflect the opinion of this website, other people, businesses, or other contributors.