By: Liberty Tax Service | 0 Shares 116 Reads
October 09, 2018 // Franchising.com // VIRGINIA BEACH, Va. – Liberty Tax, a arch tax alertness franchise, is ablution a new educational campaign, Apperceive Before You Owe. The attack will animate taxpayers to appointment their tax preparer and analysis their withholding. Because of changes brought about by tax ameliorate and the Tax Cuts and Jobs Act (TCJA), millions of taxpayers are under-withholding and may owe taxes back they book their 2018 federal assets tax return. In a September survey* of added than 1,000 taxpayers, Liberty Tax begin that about 70 percent had not arrested their denial aural the aftermost six months. Liberty Tax wants to advice taxpayers accept the tax law changes and to activation them to act eventually rather than later.
“It’s acute that we allotment this ability with taxpayers, so they can accomplish a decisions,” said Liberty Tax CEO Nicole Ossenfort. “That’s what our Apperceive Before You Owe attack is all about, allowance taxpayers accomplish the best decisions for themselves and their families.”
In the Liberty Tax analysis of added than 1,000 respondents:
Fortunately for Liberty Tax and others, alone 4.8 percent said they would be agitated with their tax preparer if they owe.
Withholding has become a axial tax ameliorate affair because, for the aboriginal time in abounding years, changes were fabricated to denial calculations. A new Anatomy W-4 was appointed to admission for the 2019 tax year, but the Treasury Department afresh appear that the anatomy updates would be delayed until the 2020 tax year. A contempo address by the General Accountability Office (GAO) predicts that added than 30 actor taxpayers will owe back they book their 2018 federal assets tax acknowledgment because they accept not adapted their withholding.
Liberty Tax’s Apperceive Before You Owe attack will brainwash taxpayers on the TCJA changes and advice them bigger accept why they charge to act now. The attack will include:
Liberty Tax prides itself on accouterment aborigine education. Since the new tax law went into effect, the Aggregation and its franchisees accept been at the beginning of allowance bodies in bounded communities accept how TCJA will affect them and their taxes. Accommodating offices accept hosted tax apprenticeship seminars to advice explain the law. Abounding are additionally alms tax courses that advise about tax deductions and credits and accommodate acceptance with the ability they charge to adapt taxes for themselves and others.
Liberty Tax is accomplishing its allotment to advice taxpayers cross tax reform, so they accept few surprises back they book their taxes aing year.
* The abstracts for this analysis was calm application SurveyMonkey Audience and acknowledging application advice is accessible here: www.surveymonkey.com/mp/audience. SurveyMonkey is not associated with, nor does it endorse or sponsor the agreeable included in this poll.
Founded in 1997, Liberty Tax, Inc. (OTC PINK: TAXA) is the ancestor aggregation of Liberty Tax Service. In the U.S. and Canada, aftermost year, Liberty Tax able about two actor alone assets tax allotment in added than 3,500 offices and online. Liberty Tax’s online casework are accessible through eSmart Tax, Liberty Online and DIY Tax, and are all backed by the tax professionals at Liberty Tax locations and its civic arrangement of melancholia tax preparers. Liberty Tax additionally supports bounded communities with fundraising endeavors and contributes as a civic sponsor to abounding accommodating causes. For a added all-embracing look, appointment Liberty Tax Service and collaborate with Liberty Tax on Twitter and Facebook.
SOURCE Liberty Tax, Inc.
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