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Tip of the Day Be Wary of Mutual Funds

Be Wary of Mutual Funds - Mutual funds for years have been a safe investment option if you are going to invest your money, but lately these investments are not...

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Tax Filing Dates

Many of us find ourselves constantly in war with tax filing dates. When is this due, and when is that due? There are so many types of taxes to have filled out and each one with a particular due date. It can be extremely time consuming and nerve racking attempting to follow all the dates on a smooth transition. However where there is a will there is way, that is the common saying we should center ourselves with. The key is to organize your self and to allow yourself ample time for all the steps required to finish a tax filing package. Each country or province has their own designated deadlines. What I will tell you is how to organize yourself in order to keep track of your tax filing dates and some common mistakes taxpayers make.

Getting organized is the first step in keeping track of your tax filing dates. The first thing you need to do is at the beginning of each year you must make a list of all the tax packages you require and need to complete. Say you have ten different taxes to pay, get together ten folders each with a label and on that folder and write down their due dates. Now go get each corresponding package for each type of tax at the beginning of the year. This will save you the process of later on running around trying to get your hands on the packages near the due dates. Now that you have done this the next step comes later. Four weeks before every tax due date get to the package and go over the tax package and fill out everything you can off the top of your head. Then record all the information you may require to get from your bank or workplace and put the folder away. Give yourself one week to get all the information required. Now its three weeks before the deadline, take a week to fill out the remaining information that you have collected. Then send it off through mail or electronically. This gives you two weeks to wait and see if any problems occur.

Consider some basic mistakes taxpayer make. The number one mistake is failing to claim all of your non-refundable tax credits and common deductions. This is free money! Next is to refrain from making simple errors such as your marital status, number of dependants, you address and so on forth.

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Definition of the Day Heterogeneous

Heterogeneous – Heterogeneous is a broad term that refers to individuals, items, companies, industries, etc. that are dissimilar from each other while still pertaining to a larger whole.  The opposite of heterogeneous is homogeneous, which encompasses similar objects within a group.  Outside of economics and business, heterogeneous can also be...

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