TAX TIME PROCRASTINATION…
HOW TO AVOID IT!
One of the top reasons that we procrastinate is because we feel overwhelmed and the thought of filing our yearly taxes certainly fits the bill. Despite being aware of the consequences of failing to file, as many as 45% of us cite procrastination as the reason why we delay to file or even let the deadline pass us by.
Here are our favourite suggestions for helping our clients overcome tax-time procrastination:
1. Find a tax buddy who will keep tabs on you and encourage you to file your personal taxes on time. If you have your business taxes prepared by a professional, ask them to send you reminders.
2. Make up your OWN tax deadline which is ahead of the traditional date. Mark your calendar accordingly and imagine how GREAT it will feel to have your taxes filed sooner rather than later. Remember that you only need to pay the bill by the traditional April 30th (or later for business) date.
3. Break it all down into smaller pieces. If you have an intimidating amount of work associated with preparing to file your taxes, try to work on one section (income, for example) at a time and spread the process over several days.