Helping Your Employees with the Stress of Tax Reform

It's estimated that the entire country spends an aggregate 8.9 billion hours annually trying to understand the tax code. That gargantuan number encompasses research for the current tax return that needs to be filed as well as planning for the open tax year. With the recent sweeping tax reform that was passed before the IRS and tax professional community to react, this number is definitely going to increase.

It's no surprise that taxes are an issue that stresses out your employees. Paying taxes hurts obviously, but trying to understand the tax code in the face of a major life event such as having children, buying a home, moving, starting a side hustle, and so forth can be overwhelming. Tax laws certainly influence behaviors and spending without our realizing it so it's important to know what decisions to make early enough in the year: tax planning frequently gets sidestepped to the last minute because we all get busy, causing people to lose out on thousands of dollars in valuable benefits.

The tax code changes every year as it is but navigating the 2018 tax reform is going to be particularly stressful since so much has changed. Financial Knowledge can help your employees navigate how the 2018 tax reform will affect them personally and start preparing for the 2018 tax filing season well ahead of schedule. No matter how busy their schedules are, it's easy to fit our options in with webcasts and recorded sessions that can be viewed any time as well as live classes and one-on-one sessions with one of our expert instructors. Contact me today to learn more about how education on the new tax plan can reduce employee stress!