Golden Tax Relief - March 2018

Keeping Up With Your New Year’s Resolutions

What You Need to Do to Stay On Track and Push Forward

March is the month of spring time and rejuvenation. It’s also the time when most people have forgotten about the resolutions and goals they set earlier in the year. Have you neglected or given up your goals? If you have, you are far from alone. Most people let their goals fall to the wayside at least by March, if not long before. It comes down to four simple reasons. 1. They set goals that were out of reach or unrealistic. 2. They had zero accountability. 3. They set abstract goals. 4. They didn’t track progress. Setting goals is the easy part. A lot of people say they want to lose weight, eat better, learn a new skill, or try a new hobby, but they don’t define their goals any further. Vague goals aren’t really goals at all.

The best way to stay on track is to be as specific as possible. Understand what you need to do to accomplish your goals. Make sure you have access to the appropriate resources that will help you make progress. Resources come in all forms. Look to the people around you for accountability — your family, friends, neighbors, or colleagues. If you don’t want to involve anyone else, keep a notebook or diary to track progress. Or if you are learning a new skill, such as a foreign language for a trip next year, the resource you need may be an app on your phone.

When you bring specific goals together with the necessary resources, achieving your dreams becomes more possible than ever before. You just have to take steps to avoid falling into the mistakes listed above. Set attainable concrete goals, track your progress, and check in with someone to keep you accountable. Since it’s been a few months, take a moment to review how far you’ve come since January. What do you need to do to make the next three months — and the rest of 2018 — your best yet?

Cristiano Ronaldo Celebrity Tax Evasion:

Despite being the highest-paid athlete in the world, Cristiano Ronaldo skimps on his taxes. Last year, reports surfaced that the Portuguese soccer star owed 14.7 million euros (approximately $16.5 million U.S. dollars) in unpaid taxes in Spain. Because he thought he could cheat the system, the Real Madrid forward is now in real trouble. At the time of writing, Ronaldo is still in court with the Spanish authorities. He pled not guilty, but the situation does not look good for the five-time Ballon d’Or winner. He stands accused of using a defrauding scheme that many of his fellow soccer stars, including Lionel Messi and Alexis Sanchez, have been found guilty of committing. These millionaire athletes funnel staggering amounts of money made through image licensing (payments for appearing in video games, advertising, and the like) into offshore companies. As much as fans may want to believe Ronaldo’s not-guilty plea, the idea that a European soccer star would

have millions of dollars innocently sitting in the British Virgin Islands baffles the mind. Of course, the soccer star didn’t set up this suspiciously complex web of offshore companies on his own. He had advisors to help him do it. As we often see in these celebrity cases, Ronaldo is playing dumb. When he appeared in front of a judge in Madrid, he cited having only six years of schooling as a reason why he could never have planned something as complicated as tax fraud. The truth is that it doesn’t take a mastermind to commit a crime. All you need is some greed and a sense that you are above the law. Why else would someone who makes more money than Lebron James feel the need to squirrel away money and pay top dollar for advisors to help him do it? The case is still proceeding, and there’s jail time on the line.

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