It’s hard to believe that tax season is almost over. As a new professional, this might be your first time filing. For many, tax season can be a stressful time, but it can be easy if you're prepared (see our blog post here about making it easier.) Of course, you want to make sure you file your taxes on time, that you have all of your receipts and expenses from the previous year at hand, and that you're thinking about how you're going to use your tax return.
The first thing you want to do is create your investment plan ahead of time for your refund aka. thinking about how will you use it. To avoid spending your refund on frivolous items, having a plan (and a goal!) will make sure you don't use parts of your return on things you don't need. Here are 5 ways you might use your refund.
Getting into a good habit of pre and post-tax preparation can certainly relieve stress and make certain you are using your refunds wisely. If you want to make the best decision possible, consult with a tax or financial advisor first. After all, they are the experts.
Photo: Shutterstock | Sviatlana Barchan
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Patti Wanamaker brings 21 years of experience to the Milady team where she currently serves as an Implementation and Training Specialist. Her intimate understanding of the salon, school, and beauty industry comes from 18 years of hands-on experience as a multi-faceted training specialist, including 8 years of salon and spa ownership of 3 salons with annual sales of $5 million. Her experience in all 3 areas of our industry allows her to think outside the box and develop innovative training that inspires and empowers beauty industry professionals.
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