Is there such a thing as a “peaceful tax experience”? I think most people would say NO!!! With all the papers having to find, receipts to gather, mileage to log, exemptions to declare, deductions to itemize, etc…. no wonder anxiety looms in the pit of our stomachs as April 15th draws near.
Whether you use an accountant or prepare your own taxes, there is a mountain of preparation. And through the years, I have come up with a few techniques to make this process easier for myself. Being the organization freak that I am, I do not want to dread tax time unnecessarily. LOL!!!
You may laugh, but some of my “techniques” are actually going back to basics and away from technology. Yes…in today’s world…pen and paper still can function as a useful tool! Mind blowing…isn’t it!
First thing I do January 1st each year is get 4 colored folders. One is a hanging file in my “legacy box” to put all important tax documents as they come in. This file is for all the papers that don’t fit in the other 3 folders.
The second folder is for anything to do with medical/health paperwork. All receipts for doctor appointments, dental work, medical equipment, prescriptions, mileage records, etc… goes in this folder. Also, in the front of the folder, I have 2 or 3 notebook pages. I will write out every appointment and purchase as they happen on these pages. Mileage is also recorded here. At the end of the year, all your records are already accumulated and sorted. All you have to do is total them. Brilliant!!!
The third folder is for business expenses. This folder functions exactly like the second folder. Have notebook paper in the front to record each expense as they happen. Place all business receipts here.
Lastly, the fourth folder is for monthly budget paperwork. This is another topic to blog about, but my family operates on a written out monthly budget. I also keep all the monthly bills and statements here until paid. Once paid, they are filed in my legacy box.
Now, if you can do this process all year long, January 1st should be a peaceful day. Taxes won’t seem so daunting and your anxiety level should be manageable. Please give Rediscovered Moments Concierge a call if you would like some help in putting a system like this in place. We have people who thrive in organization and are willing to help you join the club of “organization freaks”.
Written by: Kimberly Lapointe
Concierge Specialist, Rediscovered Moments Concierge
Kimberly Lapointe's career of over 20 years as an LPGA Golf professional combined with being a small business owner has developed her skills in customer service and business management. She is especially skilled in organization, financial and time management, and teaching. Kimberly's background as an assistant professor at Wellesley College has helped her develop her abilities in teaching others to succeed. In addition, Kimberly has an extensive background in merchandise displaying for golf stores and resorts. This experience gives her knowledge in improving spacial use and organization of personal items.
Kimberly also takes pride in the management and care of her home. From the day to day management of finances to organization of storage areas, Kimberly has a passion for creating ease and a sense of peace in her home for her family.