16:42 25 March 2013
The end of the financial year is an excellent time to consider your current financial state, as well as your goals for the year ahead. This is especially important if you foresee changes such as retirement in the near future, but it’s also crucial to assess each year and plan ahead.
Here are a few things to consider at the end of year to plan for next year’s taxes:
Having a good idea of your current financial situation, and reviewing what the past year was like, will be a great benefit when planning for next year’s taxes. You will be able to make potentially minor changes which may result in much greater tax savings at the end of the year.
If you have additional questions regarding what to do with investments, off-shore accounts, or other financial matters, it is best to consult an independent financial advisor, or qualified tax consultant to help you sort through the numbers and give you the information to you need quickly and effectively, to maximize your hard-earned funds.
Disclaimer: Supanet is not responsible for, and disclaims any and all liability for the content of comments written by contributors to this website