by Grace aka costofcollege
Today we have an open thread to discuss any topic at any time of the day.
Since tomorrow is tax filing deadline, maybe this is on your mind. What do your tax habits say about you?
Your Accountant Knows You Better Than You Know Yourself
As tax deadlines near, one preparer explains how reading her clients helps their bottom lines
What personal hangups affect the way people manage their taxes?
Some people walk in the door saying, “I hate paperwork. I hate taxes.” These people are avoiders. They don’t seem to care that much about money. Even if avoiding tax planning costs them money, they’d rather not deal with it. They don’t see themselves as able to get ahead financially. They don’t feel like they have any control, when in fact they do.
Others are procrastinators who have fallen years behind on filing returns, and the onset of the tax season triggers guilt or anxiety. These clients need more structure from us. Before they leave the office, I suggest they set another appointment in advance. Or I say, “Here’s one action to take: When you go back to the office I want you to adjust your W-4 and have an additional $50 taken out of your paycheck.”