Track the TAX Papers
by: Janet L. Hall
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 First let me tell you that I do not use a financial software package for my
business at this time. I tired some and found that it was more time consuming
for me then to simply put my receipts in organized folders and total them at the
end of month or year. I also keep a very detailed check register and I don't
find the need to re-enter this information into my computer.
Here's what I do and might work for you.
I have two hanging folders that I keep in my file drawer in my desk. In each of
the folders I have manila folders for each line (category) item from my tax form
that I use in my business; such as Office Supplies, Utilities, etc. As I get
receipts for those line items, I simply drop the receipt into the corresponding
manila folder. At the end of the month or year I simply add up the receipts for
those categories to get my totals to enter onto my tax form. This year it took
me a total of three hours to total my receipts and off to the taxman I went!
For days that I'm rushing or too tired to file receipts, I have a small basket
on my desk I can throw my receipts into and on my scheduled day of filing they
get filed away.
When tax season starts, set up a temporary hanging folder to put ALL your
incoming tax paperwork and forms into. This way everything is in the same place
and you won't have to go searching for that W2 when you sit down to do your
taxes.
Get my Free Report of
What Paperwork You Really Need to Keep for Tax Records
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Janet Hall, The Person/Place Energy Mover, is a Professional Organizer -
Certified,
Certified Pyramid Feng Shui Practitioner, Speaker, and Author
and can help you regain control of your life, your time, your
stuff, and your environment. FREE newsletter, OverHall IT! at
http://www.overhall.com/newsletter.htm
Copyright (c) 2004 - 2008 OverHall Consulting
P.O. Box 263, Port Republic, MD 20676
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