With the deadline for tax returns just around the corner, this week Raghav has included several articles that will help you to prepare and organize for the 2018 tax season. Find out what tax preparers recommend you do in advance of your meeting with them, six ways to simplify your personal finances, and what the new tax laws mean for you this year.

In our personal interest section, Raghav has selected an interesting article on the seven deadliest startup sins, and a new behavioral study by McKinsey on decoding leadership.

For more articles like this, check out Raghav’s two previous Top Reads posts here and here.

Personal Finance

What tax pros say you should do before heading their way

If you find yourself rushing at the last minute to sort through a mess of papers in order to prepare for filing your tax return, this article by Sarah O’Brien is for you. O’Brien shares a few strategies that several tax preparers recommend, so that when the time comes to file your return, it is a simple and smooth process.

This year, taxes are due April 17. While organizing your receipts before handing them off is helpful, the advice from pros shows the importance of making tax planning a year-round practice instead of a last-minute scrambled effort.

Read more here.

6 Tips to simplify your finances and keep good records

Managing your personal finances can be a challenge; there is a lot to think about and to organize when it comes to documents. Should you keep paper copies or digital copies? How long should you keep your tax return files? And what should be stored where? In this article from Quick and Dirty Tips, Laura Adams, MBA shares six ways to streamline and simplify your finances. From going paperless, to eliminating cheques to creating a digital filing system, Adams cover it all in this article.

While others debate new tax law, stay focused on your own plan

You may not be able to control the tax laws that have been enforced since Donald Trump took office, but Michael Neuenschwander, CFP, CPA encourages us to focus on what we can control when it comes to our taxes. He also explains how having tax strategies in place can help you better prepare for retirement and keep more money in your own pocket.

[P]re-retirees and retirees tend to ignore the impact taxes can have on their bottom line.
What’s the point of earning an extra 1% if you end up giving it all — and more — back in taxes?

Find out more here.

Personal Interest

The 7 deadliest startup sins

If you’re in the midst of creating brilliant plans for a startup business, or already living the startup dream, check out this list of seven deadly startup sins, and make sure you’re not committing any of them! Steve Blank explains how assuming you know what the customer wants, focusing on specific launch dates, confusing traditional job titles with your startup’s needs and more can be problematic. He also provides solutions if you do find yourself guilty of these sins. Read more here.

Decoding leadership: What really matters

In a recent McKinsey study, they created a list of 20 leadership traits, surveyed 189,000 people in 81 different organizations and assessed how often certain kinds of leadership behavior were applied within their organizations. They found that just four types of behavior accounted for 89% of leadership effectiveness.

What we found was that leaders in organizations with high-quality leadership teams typically displayed 4 of the 20 possible types of behavior; these 4, indeed, explained 89 percent of the variance between strong and weak organizations in terms of leadership effectiveness.

Read more about the study and their results here.


GuideVine

GuideVine

From time to time, the team at GuideVine highlights certain topical videos and content from expert financial advisors. We find these helpful and hope you will to for your managing personal finances. To learn more, you can view and find potential advisors through our advisor matching service and listings, ask one-on-one personal finance questions to these experts, and view “How to” videos on our YouTube channel (https://www.youtube.com/channel/UCJopbGDSgc1szGZaoUPqTrA).