Blog Archives

Preparing for Tax Season: A Handy Guide for Clients

11/30/2023

As we approach the upcoming tax season, getting organized is key to a stress-free experience. To ensure a smooth process, we encourage our clients to start early and compile the necessary documents well in advance. Here's a handy guide to help you prepare for the tax season:
Organization Tips:

Create a List: Make a list of your income sources and deductible expenses before tax season begins.
Delivery Method: Note whether your documents will be e-delivered or mailed to you.

Plan for Changes:

Life Events: If you've experienced significant life events such as marriage, the birth of a child, or a change in employment status, ensure these changes are made known with our team.

Individual Taxpayers:
1. Sources of Income:

W-2s: If you're an employee, gather your W-2s from all employers.
1099-INT, 1099-DIV, & Consolidated 1099 Statements: Collect any forms related to interest, dividends, or capital gains and losses.
1099-NEC & 1099-MISC: If you’re self-employed or have a side hustle from freelance income, or miscellaneous income.

2. Possible Deductible Expenses:

1098s: Look for forms reporting mortgage interest, student loan interest, and education payments.
Charitable Contributions: Gather documentation for any charitable donations made during the year or charitable mileage driven.
Additional Items - real-estate, property taxes, medical expenses, mileage, etc.

Business Owners:
1. Financial Statements:

Income Statement and Balance Sheet: If you use accounting software, have these statements ready. Otherwise, compile a total of your income and a detailed breakdown of expenses.
If you don’t have a Balance Sheet - note the ending balances for your business bank accounts and credit cards.

2. Additional Documentation:

Mileage Records: If you use your vehicle for business purposes, keep detailed records of your mileage (MileIQ is a great tool for this).
Home Office Expenses: Have documentation related to home office expenses, including utility bills and rent, or mortgage interest.

By taking proactive steps and staying organized, you can navigate the tax season with confidence. Remember, our team at Cornbelt Financial is here to support you. If you have any questions or need guidance, don't hesitate to reach out. Let's make this tax season a smooth and successful one together!

Revolutionizing Client Engagement: Cornbelt Financial Adopts Canopy for Streamlined Operations

11/27/2023

At Cornbelt Financial, we are committed to staying at the forefront of technology to enhance our services and provide an unparalleled experience for our clients. We are excited to announce our adoption of Canopy, a cutting-edge platform that will revolutionize how we manage operations and interact with our clients.

Streamlining Operations for Efficiency
One of the key reasons we chose Canopy is its ability to streamline our internal operations. The platform offers a centralized hub for document management, task tracking, and communication. This means faster response times, improved organization, and a more efficient workflow for our team.

Enhancing Client Experience through the Client Portal
The heart of this transformation lies in the client portal. This secure, user-friendly interface allows our clients to access their financial documents and stay informed all in one place. This centralized approach ensures that our clients have instant access to the information they need, fostering a more transparent and collaborative relationship.

Benefits of the Canopy Client Portal

Accessibility and Convenience: Whether you're at home, in the office, or on the go, Canopy's client portal is accessible from any device with internet connectivity. This ensures that our clients have the flexibility to manage their financial information whenever and wherever they need to.
Secure Document Sharing: Security is paramount in financial services. Canopy's client portal provides a secure environment for document sharing. Clients can upload and access sensitive financial documents with confidence, knowing that their information is protected.
Real-Time Communication: The portal facilitates real-time communication between our clients and our team. Clients can ask questions, request information, or provide updates directly through the platform all while still being able to use email and phone calls too. This seamless communication channel ensures that everyone is on the same page, promoting collaboration and responsiveness.
Task Management: Clients can stay organized with task management features. From document requests to upcoming deadlines, the portal helps clients keep track of their financial tasks, ensuring nothing falls through the cracks.

The Power of Mobility with Canopy's Mobile App
Recognizing the importance of mobility in today's fast-paced world, Canopy offers a robust mobile app. Our clients can now manage their financial matters from the palm of their hand. The app provides the similar functionality as the desktop version, ensuring a consistent and convenient user experience.

Conclusion: A New Era of Financial Management
The implementation of Canopy marks a significant step forward for Cornbelt Financial and our commitment to provide a top-tier service. This innovative platform allows us to offer a more personalized and efficient experience for our clients, helping them achieve their financial goals with greater ease.

As we embark on this journey with Canopy, we are excited about the positive impact it will have on our operations and the enhanced experience it will deliver to our clients.

Preparing for Tax Season: A Handy Guide for Clients

Revolutionizing Client Engagement: Cornbelt Financial Adopts Canopy for Streamlined Operations

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