Entrepreneur Moms, don't you just HATE tax time??????

[MamaKoala]

Egads I HATE tax time!!! Getting all my receipts together, figuring out my expenses, while DS moans in the background cuz I am not playing with him....AAH finding all those checks, going through my credit card bills, figuring out eligible deductions....ARG!!!!!!! Some days I really feel like i need a FULL TIME NANNY!!!!!!!!! WHO LIVES HERE!!!! AND DOES ALL THE DISHES!!!!!! AND THE LAUNDRY!!!!!! AND COOKS!!!!!! AND HAS SEX WITH DH (JUST KIDDING!!! )




SIgh---anyone else in the same boat???

[oncewerewise]

Well, I, for one, LOVE tax season. I do everyone else's taxes. I've done them for years and have finally decided to go into bookkeeping come fall when I'm done school. Not exactly what I planned on doing, but I can make decent money, I like working with numbers and organizing (other people's things!) and I can work out of my home.

Good luck with your taxes!!!

Peace.

[Chi-Chi Mama]

ITA on getting all that crap together!!!

however, we got a nice refund because dh had such a terrible year.. but even with that, it took me forever to finish all the forms!
My plan was to start doing this 4 times a year to make it easier at year end next year.. but that means I have to do that stuff right now for the first three months of '03 and I just can't bring myself to do it

I still have to modify how much taxes they take out of my paycheck at work, and haven't gotten around to that. just the words "tax" gives me shivers

[Liz]

Hey, Oncewerewise! Want to do my taxes? If you're convenient to downtown Toronto (I don't drive) and interested pm me.

[goodcents]

Okay - so this thread is from forever ago but I have been a professional bookkeeper for 6 years. I work for only freelance people so I specialize in this. Here is a very quick way you can keep on top of this.

But a 3 inch or 4 inch binder and put dividers in it. Label each divider with the appropriate expense category (travel, meals, inventory, research, etc). In each of the divided sections but a plastic sleeve (like a document protector) and in the sleeve put 12 envelopes - one for each month.

Each month separate your receipts and put them in the envelope in the appropriate expense divider. Then tally each of the envelopes (monthly). At the end of the year you just have to total the envelopes and you have your cash expense figures. You can even get all fancy and print the labels for the dividers and the envelopes - this is also saves time becuase you will print the same information each year. Doing a little each month keeps everything organized and doesnt require nearly the effort if you only did it once a year.

You can use this same system for your bills - just keep them in a divider and at the end of the year tally them up.

[Ragana]

Excellent suggestion, Justine!!
I will do it. That just means I have to dig through all of my messy paperwork for this year, but next year will be easier.

[goodcents]

Better late than never! Take on a little at a time! Good luck!