Taxes - Every Year I Say...

[Baby Beluga]

I am going to keep better track at the time. But every year I toss my receipts into a box and wait to record them.

One of these years I will learn ::

What do you wish you would do differently when it comes to taxes?

[laundrymom]

Just the same as you. But mine are mason jars.

[Blackcat31]

zip lock baggies here...

[Crazy Baby]

I got an app on my phone called Tiny Scanner and as soon as I get a receipt or a document that I need to keep, I scan it with my phone and upload it to Google Drive. It has really helped me to keep my business organized and I have all my documents right there when tax time comes around.

The one thing that I wish I have done differently, is to get on some sort of tax payment plan. I am still paying sales and use tax from 2015 and I am about to get the bill for 2016. I assume that the rest of you pay the taxes monthly? That's possible to do right?

[Josiegirl]

One thing I wish I did differently about taxes is get money back. Paying so much money in quarterly is killing my bank account. Every time I get a little cushion in the bank, the taxes come due and then I remember why there's money in the bank.

I use file folder accordions to save receipts. Lol Nothing else. Then I spend 1 whole weekend, figuring out all the numbers from there and my checkbook.

[Baby Beluga]

I got an app on my phone called Tiny Scanner and as soon as I get a receipt or a document that I need to keep, I scan it with my phone and upload it to Google Drive. It has really helped me to keep my business organized and I have all my documents right there when tax time comes around.

The one thing that I wish I have done differently, is to get on some sort of tax payment plan. I am still paying sales and use tax from 2015 and I am about to get the bill for 2016. I assume that the rest of you pay the taxes monthly? That's possible to do right?

I'm not sure? I used turbo tax for 2015 and they estimated what taxes would be do ahead of time in 2016 and made vouchers with the amount and dates I needed to have them sent by. I would just print off the voucher, write the check and mail it in.

[Baby Beluga]

I'm glad I'm not the only one who procrastinated

I have a file folder where I keep everything. I am supposed to enter a receipt into my spreadsheet and place it in the appropriate section of the file folder. But I mostly just put them into a white photo box that sits on my desk and will spend a couple of days sorting through it all. One year...one year

[kendallina]

Every April 16th I say that going to hire professional the next year. I never do. I always procrastinate and usually file them around 10pm on the 16th with glass of wine in my hand saying, next year I'm hiring someone!

[Baby Beluga]

I'm not sure? I used turbo tax for 2015 and they estimated what taxes would be do ahead of time in 2016 and made vouchers with the amount and dates I needed to have them sent by. I would just print off the voucher, write the check and mail it in.

To late to edit. Should say due not do.

[Mike]

Glad I'm not the only one. ::
I've been self-employed most of the last 40 years, am a whiz at math, know accounting, but never have the time to do it properly. It WILL (I hope :: ) be different if and when I start daycare because I'm already setting up my bookkeeping for it. I know I will need to keep better track of everything if I want to maximize my profits. But then, who needs profits? Day care providers do it for the love of kids, right?

[Snowmom]

You're not alone!

I got a quiet second job (sitting at a desk, basically by myself). I work once a month and bring some receipts with me and tally them.
If I didn't have that time away from home, I'd procrastinate until April.

[Missjaime]

I always end up with 2 or 3 months worth looking perfect and then the rest of the year goes downhill from there. I start out well, but it all falls apart by April. Hoping I'll make it through May this year -

[daycarediva]

I do mine weekly. Input totals, scan receipts. I'm ocd about it. Otherwise I lose receipts.

Dh on the other hand, hands me a stack when I say "tax time"

[DaveA]

Ziplock bags here also. Every year we swear we're going to do this monthly. Didn't happen this year either. Between home daycare, bladesmithing business, DW & I both teaching CPR, and 2 rental houses our taxes is way beyond our abilites. My brother is a CPA so we take them to his firm.

[MyAngels]

I used to be really organized and on top of it all. The last 2-3 years not so much. I do at least manage to keep the receipts all in one place, so at least I've got that much ::