Recently, I introduced a 6-part series from Smead Organomics to help busy families take hold of their time and space and get organized for a successful 2012. Here are the links–all in one place–to the six posts. Thank you to Smead Organomics for providing the information and the wonderful products to go with these solutions.
This post is the second in a series of six. First post = Easy Office Organizing for a Successful 2012
Each year, shortly after the New Year has arrived, people start bemoaning the fact that “tax time is going to be here before you know it.” Most admit it wouldn’t be such a dreaded task if they had kept track of things like receipts and other documents throughout the year.
When you create a home for future reference items, you prevent that panicked feeling each spring as you try to remember the financial details of the year.
Our first piece of tax advice is to create a system to sort Income, Expenses and Taxes. Throughout the year you will come across paper documents supporting important information for your tax returns. Sort this information into three categories, using separate hanging files or binders. If you like uniformity, stick with one color for your files or binders. If you are more visual, you might prefer a separate color for each category:
Valuable Tax Advice on Receipts
If you purchase items that you’ll need proof of when tax time comes, you’ll want to be sure to hang on to the receipt. Sometimes it may not be convenient to file the receipt immediately.
Hopefully you will take this fundamental tax advice and put it to good use. You now have a place to put your tax information and it will be easy to access and use come the start of the New Year. In fact, this tax advice may help you be so organized that you’ll do your taxes early next year.
For a fabulous checklist from Smead Organomics, click here!
Here are links to all six posts in this series of six:
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I’m sitting at Starbucks enjoying my favorite drink, a caramel machiatto. This is great…it’s my REWARD because earlier I was at my bookkeeper’s office and that was not fun for me! I made an appointment with her so that I’d have to show up, with paperwork in hand, and go through it. We did that, then make a list of what I still needed to to give her, so I can go home and follow instructions and get it done.
Accounting to me is like organizing is for many. Just the thought of it makes me anxious and irritable. It’s the last thing on earth I want to be doing. I’d even eat anchovies as opposed to going through bank statements and using a calculator!
As I walked into her office, my shoulders were feeling tense and my chest a little tight. I reminded myself that I only had to stay for an hour and a half and that once I was through, I could go get my reward.
So, as I sat with my bookkeeper, I began uttering words like, “This really stinks, but I’m doing it,” and “gosh, I understand how my clients must feel as they push through an organizing session.”
I do understand! What’s easy for some, it horribly painful for others! Hence the reason we in the service business have a business. It’s the support factor that can help you achieve results and your goals.
So when you feel like you can’t or don’t want to do it and you dig your heels in like a 4-year-old, then throw a tantrum (okay, so I’m exaggerating a bit, but sometimes it feels like that), just remember, there is support out there for all sorts of tasks, including organizing!Read More
Most of us dread tax time. The W-2s arrive and we have a box full of receipts that need organizing in order to capitalize on any deductions. Here’s a product that can help you get your tax information together easily: Buttoned Up Tax Filer. View the video of this product to see how it can help you get your papers together. The product comes with a CD so you can also file your taxes online, which can help you receive your return sooner!Read More