M T Wyatt, Inc.

Congratulations to the US Women's Hockey Team for the Gold over Canada!

Although one month will never be enough to commemorate the contributions and sacrifices that have been made by the black community to this country, we must acknowledge and enlighten during Black History Month. Being the one to take care of people's finances, I felt it only right to pay homage to Black Wall Street. Black Wall Street is the name that was coined for Greenwood, OK, a suburb of Tulsa, OK. As the name lets on, Black Wall Street was an area where African Americans flourished... The town was eventually burned to the ground by terrorists who could not stand the notion of a well-to-do African American community. This story is one that is heartbreaking yet encouraging. If you don't know much about Black Wall Street research it when you get a chance!

HAVEN'T GOTTEN YOUR FORMS YET--- CHECK FOR DIGITAL FORMS More employers, banks and others are making their tax forms available to you electronically, so you may not get a paper form in the mail. Be sure to check your email inbox for any missing forms before you file, and don’t forget to check your junk or spam email folders as well, just in case any tax information accidentally ends up there.

Our mission is to empower people to navigate the complexities of tax and finance with ease and accuracy at a fair price. Off this President's day? Take this opportunity to gather your documents and schedule an appointment with us today to get your maximum refund! Link in Bio!

Do you know the 2 most commonly overlooked forms? 1095 (proof of health ins.) & 1098-T (confirmation of tuition). Make sure you have all of your forms together to maximize your #taxrefund potential. Visit www.mtwyattincnow.com to schedule an appointment with us!

Love and Taxes are in the air! To file as a single or married couple can be confusing. Let us handle you and yours tax liabilities and get you filed today! Visit our website now and schedule a consultation. Visit www.mtwyattincnow.com and book your appointment!

Scammers were very successful last year with a scheme to pry W-2 pay stub data away from employers. How to minimize your risk: 1. File Early 2. Request an IRS PIN 3. Minimize your withholdings (https://www.irs.gov/individuals/irs-withholding-calculator)

https://taxvid.resourcesforclients.com/y5rT9ZV6t8yG/96-023 Five Great Tax Secrets: Don't overlook tax deductions.

Use financial information to increase your business profits Financial Statements Most successful business managers use financial statements and other special reports to generate higher profits. If you haven't been using all the financial tools available to you, here are some ideas to get you started.... There is no need to feel intimidated by financial statements. If your company's record system is properly designed, you should be getting regular financial reports that are easy to understand. In addition to the traditional balance sheet and income statement, you should get special reports and ratios specific to your industry. You will be able to use this past performance information to help you create higher profits for your company. Accurate financial reports compared with industry standards and with your company's past performance will also serve as an early warning system of problems or opportunities which need your attention. How do you get the best financial information at the least cost? To begin with, there are three basic levels of financial statements: compiled statements, reviewed statements, and audited statements. The type of report you need may be specified by your banker or by an absentee owner. An owner who lives out of the area may require a higher level of report than one who works closely with the business. Compiled statements Compiled statements are management's information put in the form of financial statements. The accountant is making no assurances as to the accuracy of the information in those statements. Because of the limited involvement by the accountant, this is the least expensive level of statements. Reviewed statements Reviewed statements require more involvement by the accountant than is required for compilations, but less than is required for audited financial statements. The accountant needs to obtain a general understanding of the business's organization. There will be little or no verification of specific figures on the financial statements. Reviewed statements are often required by lenders and owners who do not require a full audit. Audited statements Audited statements are the highest level of financial statements. Accountants must spend whatever time is necessary to allow them to express an opinion as to the accuracy of the numbers on those statements. Because of the time involved, audited statements are the most expensive financial statements. Unless an audit is required by outsiders, reviewed or compiled statements should do nicely for your company. Do not hesitate to ask for assistance to leverage your financial information to enhance the profitability of your business.

Changing marital status? What you need to do Have you recently married, divorced, or lost a spouse? A change in marital status should prompt a review of financial matters, but at such a time it is easy to overlook the details. Here are a few reminders and suggestions. Insurance coverage. When your marital status changes, review your insurance policies. Combining separately held health insurance policies with a spouse can result in savings and discounts. Most group health insu...rance policies allow spousal coverage. You may want to opt for coverage under your partner's policy if superior or less expensive coverage is offered. Married couples are often considered a better insurance risk, so together you may qualify for a lower rate. Also evaluate your need for disability or long-term care insurance. Beneficiary designations. Review beneficiary designations on life insurance policies and retirement accounts. Estate planning. Update choices that have become obsolete. Incomplete paperwork or inappropriate choices could mean your intended beneficiary may not end up with your assets. You should periodically review and update your existing will and other estate planning documents. This is especially important whenever your marital status changes. Before you get married, consider a prenuptial agreement if there are children from a prior marriage or if you own substantial assets. Other documents. Review any other important documents. If you change or hyphenate your name, notify the Social Security Administration and Department of Motor Vehicles of your name change. Make copies of your estate papers and final divorce decree. Keep the originals in a safe place. Tax planning. Your tax liability will likely change when you marry, divorce, or become a widow. Newlyweds may face higher taxes due to the so-called marriage penalty. In either case, you may need to change your income tax withholding or estimated tax payments.

Are you prepared to file 2017 Tax Returns? Well we are and we are offering you the most convenient and efficient taxes services - ONLINE! Visit our website and schedule your consultation. http://ow.ly/ckaf30i9jl9

Tax filing season officially began on Monday, Jan. 29. Not many people file that early, but for some taxpayers it makes sense to do so. If you haven't already gotten your documents together to file your taxes, start now. Don't wait until the last minute when you can file now! Visit our website to schedule your appointment! http://ow.ly/O64w30i9iDM

The IRS released new income tax withholding tables that reflect the changes to the tax bracket structure in the Tax Cuts and Jobs Act (TCJA) passed in late December. Employers will have until Feb. 15 to update their payroll systems to reflect the new changes, and employees will start seeing the changes in their paychecks after that point. The TCJA reduces income tax rates for almost all taxpayers. Widespread tax changes like this seldom happen, so it’s worth keeping an eye o...n your pay stubs over the next few weeks. The danger is that if the changes aren’t done right, you’ll either have too much tax taken out every paycheck, or end up with a big tax bill because too little was withheld. http://ow.ly/x77P30i0omY See more