Managing Your Money Wisely
By Geoff on Oct 8, 2008 in Cash Flow, Credit & Debt, Saving & Investing | Post a comment
There’s a funny thing about taxes: most people tend to approach them backward. They sit around between January 1 and April 15 and start sorting through their accumulated paperwork, looking for ways to save.
The problem is that by then it’s too late to take advantage of many of the tax-saving opportunities that do exist. A smarter way to approach this task is to plan ahead, not behind. You can be proactive and plan a year-round tax strategy that will yield the lowest possible tax bill when April 15 comes around again. Sitting down and filling out your return is actually only the last step in such a strategy. Continued






