Welcome to www.OnlineOrganizing.com -- A World Of Organizing Solutions Your Order Your Shopping Cart About Us Contact Us Site Map
Do You Need Help Getting Organized?Shop For Organizing And Business Development ProductsProfessional Organizing ServicesFind A Seminar, Workshop, Or Keynote SpeakerRead Our Two Free Monthly NewslettersFree Organizing Tips And AdviceResources For Professional OrganizersLearn How To Become A Professional OrganizerUseful Organizing Website LinksUseful Organizing Website Links


Search for:

Category:

You Are Here: Home - Blogs

NEW! - Keywords For This Page:   Bookkeeping - Making Resolutions - Finances - Accounting - Filing - Taxes

Blog: Minimizing Financial Clutter
Next Year's Tax Resolutions



I was supposed to prepare my income tax data today.  Instead, I went shopping.  And ironed shirts.  (I hardly ever do that.)  And put away my snowman decorations and put up my Easter and spring decorations.  And switched some of my winter and spring clothes between closets.  I did a lot of things today!  But I haven't started my taxes.
 
It shouldn't really be that difficult.  After all, my documents are pretty well organized:
 
l      I have collected all of the 1099s and other tax forms in one envelope.
l      I have kept all of my receipts for potential tax deductions in one place all year.
l      My business records are on QuickBooks accounting software; it's just a matter of printing a report.
 
And, for the last month or so, I have done this very task for many of my organizing clients!
 
So, what's my problem? 
 
Even though my records are well organized, they are not organized in the same way that my accountant has asked for them.  He sent me a packet of "Tax Organizer" forms to fill out.  They are very helpful, in that they prompt me to include data I might otherwise forget.  The reason for my procrastination is that his tax organizer forms ask for the data in different ways than I have collected it.  I have to pull in data from various lines on my own reports to correspond with the data my accountant is looking for.  It's time-consuming!  It's annoying!  It's B-O-R-I-N-G!
 
So, every evening next week I'll be adding numbers together and filling out the forms.
 
When it comes to my 2008 taxes, however, things are going to be different!  When I've put my 2007 tax forms in the mail to my accountant, I'm going to make some changes to my 2008 record-keeping methods.  To make the tax task a breeze for next year, I'm going to:
 
l      Label my 2008 tax documents folders according to the categories my accountant has requested.
l      Modify my QuickBooks categories so that their names match the categories the IRS puts on the tax returns.  (This does bring to mind the question, however, of why Intuit, the maker of QuickBooks, doesn't do it themselves!)
 
And in 2009, I resolve not wait until almost April to get my taxes done.  Oh well, as they say, the shoemaker's children have no shoes…

posted on: 3/23/2008 11:30:00 AM by Katherine Trezise
category: Finances


Minimizing Financial Clutter: < Previous Post - Next Post >
Blog Central: < Previous Post - Next Post >



Discuss This Post



There are no comments.



Add a comment about this post:
Name:
Comment:
(Note: To reduce blogspam, HTML tags are not permitted in blog comments and will be removed)
Please Enter The Following Code:
In order to cut down on SPAM, we ask that you enter the code exactly as shown in image below. If you can't read the code, simply select "Load New Code" and a different graphic will appear. Cookies must be enabled on your web browser.
Code Image - Please contact webmaster if you have problems seeing this image code Load New Code
Powered by Web Wiz CAPTCHA version 2.01
Copyright ©2005-2006 Web Wiz

 



Minimizing Financial Clutter


by Katherine Trezise

View This Blog

   Subscribe To This Blog

About Katherine:

Katherine Trezise is president of Absolutely Organized, based in Baltimore, MD. She is president-elect of the National Study Group on Chronic Disorganization. Katherine holds a masters degree in business administration, is a Certified Professional Organizer® and a Certified Professional Organizer in Chronic Disorganization®. Absolutely Organized specializes in helping people organize their homes, paperwork and financial records to make room in their lives for the things, people and activities that are most important to them.

Katherine's Website:

www.absolutely-organized.com




Add this page to your Bookmarks!

E-mail this page to a friend!







www.OnlineOrganizing.com is a service mark of Bradford, LLC.
Content on this site is © Bradford, LLC, All rights reserved.

If you notice any problems with this site, please contact our webmaster.
And if you don't see what you need you are welcome to "ask the organizer" any question!

To see what people are saying about www.OnlineOrganizing.com, check out our visitor comments.

Click here to view our privacy policy.

Calendar Of Organizing Holidays And Events Blog Central Sign Up For Our Free Online Newsletters Join The Conversation At Our Organizing Discussion Board Advertise Your Company On Our Website Be An Affiliate Of www.OnlineOrganizing.com
Check Us Out On FaceBook