It helps to sort your tax well in advance
Being well prepared and handling your tax in advance can benefit you, writes Martin de Kock
Every year, the same people who gave the practitioners sleepless nights vow to be better prepared for the next season. They promise to have all their documents in on time, to better structure their income and their life to be more tax-efficient and to try to save money. But like clockwork, these same individuals arrive mid-February with boxes of paperwork and a bewildered look. When the dust settles, they often quip they don't have to be any better prepared, because their trusty tax practitioner always makes the deadline. So, is there a benefit to being well prepared and handling your tax in advance? Learning to plan and budget When you commit to handling your tax well in advance, you start thinking ahead. You take a long-term view of your income and future prospects and start taking personal responsibility for making your plans work. Even the best tax practitioner in town cannot streamline every last-minute tax application. They do the best they can, but it doesn't beat good, upfro...
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