In the last post, I suggested completing your taxes in stages. This post includes some tips around the details and making it a smooth process. We are reliant on others to provide much of the information that we need to complete our taxes and there are several ways to complete your taxes. Which do you use? Both of these points impact how we complete and file our taxes.

• Taking a quick look at last year’s taxes can refresh your memory with respect to what tax slips you will likely receive this year.
• There are specific dates that certain tax information/slips have to be sent by. If you know what documents to expect you can gauge when you will have all the information.
• Using a software to complete your taxes has a several benefits including pulling forward information to the next year so you don’t have to re-enter it, you can go back and forth to enter information you receive at different times and the software does all the re-calculations for you, most software has functions in place to ask you questions which prompt additional points you may not have thought of and submitting your taxes electronically is fast which means that you will get your refund faster!

Happy tax filing!