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Financial safety: The often forgotten piece of disaster preparedness

After a natural disaster, having access to personal financial, insurance, medical and other records can help people starting the recovery process quickly. There are a few things taxpayers can do to help protect their financial safety in a disaster situation.
Here are some financial preparedness tips.

Update emergency plans. A disaster can strike at any time. Personal and business situations are constantly evolving, so taxpayers should review their emergency plans annually.

Create electronic copies of documents. Taxpayers should keep documents in a safe place. This includes bank statements, tax returns and insurance policies. This is especially easy now since many financial institutions provide statements and documents electronically. If original documents are available only on paper, taxpayers can use a scanner and save them on a USB flash drive, CD or in the cloud.

Document valuables. Documenting valuables by taking pictures or videoing them before a disaster strikes makes it easier to claim insurance and tax benefits, if necessary. IRS.gov has a disaster loss workbook that can help taxpayers compile a room-by-room list of belongings.

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🗣 Latest news from the IRS:

Tax filing deadline extended to May 17!

Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline | Internal Revenue Service IR-2021-59, March 17, 2021 — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.

Click on the link below to get the latest information on tax deadlines, refunds, tax tips, etc.

Stay up to date and plan accordingly in order to make the most of your 2020 tax filing!!

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Meet Anaiya White, our newest assistant. She is a college student majoring in Psychology with a Specialty concentration in Social/Applied with a minor in Criminology. Anaiya is also a certified tax preparer and a budding financial professional. She enjoys helping people and her community and has dedicated her time serving as a former Snellville Police Explorer/Police Public Safety Cadet with the Snellville Georgia Police Department.

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We are sharing this resource for all those who may qualify for the third stimulus. Check it out.

American Rescue Plan - Third Stimulus Check Proposal Find out how much your stimulus check could be if the American Rescue Plan is passed into law.

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Latest Newsletter | Tax Time Solutions Inc Latest Newsletter Setting Yourself Up for a Hassle-Free Tax Season in the New Year January 1, 2021 By taking a few simple steps now, you can greatly reduce uncertainty and stress during the upcoming 2020 tax filing season. These four actions will help complete your return efficiently, without unplea...

2020 was "a year like no other, and taxes will be no exception."
We look forward to assisting you and your family with tax and financial services this year!

10 Ways Your Income Taxes Will Be Different in 2021 Filing your taxes will be different in 2021 due to coronavirus legislation and inflation adjustments.