With tax season here, many young people face challenges in understanding taxes and how to file theirs. To help, Andrea Jack of D&P Financial Services and her team led Hopeworks’ 2nd Annual Tax Prep event for Alumni at our office. The firm practices in the areas of tax preparation, accounting, bookkeeping, budgeting, and tax planning, and focuses on helping their clients achieve personal, professional and financial growth.
More than a dozen people attended the event which turned out to be a very successful day, according to Andrea. Before beginning individual tax preparations, Andrea led a group discussion where attendees first learned about the changes made by the current Administration regarding 2019’s tax refunds. She also informed the group on how to better prepare themselves to file for next year. They went over tax credits, deductions, and extensions as well as multiple ways to benefit from saving receipts as proof of payment for work-related expenses such as travel, gas, tools etc.
The firm taught the group that there are differences between return forms (1099, 1098, 1040 etc.), including amounts granted back for people who are single vs married, single parents with dependent children, students, and business owners, as well as independent contractors. Andrea and her team worked with each alumni individually to review the tax prep process. Many alumni left enlightened with first-time understanding of taxes. Others came with some previous understanding but still declared to have left knowing more than before, saying that Andrea was so patient and open to any and every question while sitting with everyone. Overall, Hopeworks alumni were very happy to find out how much money they saved thanks to Hopeworks for providing the tax prep event, and said they look forward to more educational workshops like this one.
Helping disadvantaged young adults in the U.S. to overcome barriers to economic opportunity and secured sustained long-term employment Hopeworks was founded in New Jersey in 1999 to help young adults overcome barriers to economic opportunity and build sustainable futures. Most participants do not have college degrees, and 99% of them are unemployed when they join […]
$1.2M Commitment from The Hg Foundation Enables Hopeworks’ Expansion into Two New Cities The Hg Foundation, a grant-giving charity focused on improving tech education and skills, today announced a new $1.2 million partnership with Hopeworks, a U.S. social enterprise that supports young adults into long-term living wage careers. The partnership will enable Hopeworks to expand its […]
Check out our Camden office full of energy, creativity, and hustle at our Pop-Up Shop Lunch Event! Our incredible young adults showcased and sold their original art, handmade jewelry, delicious food desserts, and so much more. From eye-catching booths to mouthwatering treats, every table told a story of passion, talent, and entrepreneurship. Proud to support […]
