April 18, 2016 Approaches: Tax Time Tips to Consider

April 18, 2016 Approaches: Tax Time Tips to Consider by Laura Stack #productivity

"In this world, nothing can be said to be certain except death and taxes."—Benjamin Franklin, U.S. Founding Father In the United States, we've been conditioned—individually and collective—to dread the approach of April 15 each year. In 2016, however, we have the gift of three extra days before our taxes come due on Monday, April 18, because Federal employees celebrate Emancipation Day (observed on Friday, April 15 this year), so they get the day off. Hooray! While I’m no tax professional, I do have my own experience as a small businessperson to guide me and pass on to others. First, make sure you shred no-longer needed paper files, especially if they've already been digitized. To make the job easier, use an automatic shredder like my favorite Fellowes 200C. My second tidbit is simple … [Read more...]

Get Ready for Tax Time…in October?

Get Ready for Tax Time…in October?

“What? Laura, you’ve got to be kidding! You want me to start thinking about tax time in October? Halloween hasn’t even passed yet.” That’s precisely the reason. Once my kids’ third favorite holiday is over at the end of this month, all minds will be focused on the holiday season. Thanksgiving will come and go, then the Christmas/Hanukkah/Kwanza season will go by in a flash, and then it will be the New Year. Once again, you’ll be stressed out and scrambling trying to get everything pulled together. Why not start getting organized for tax time now, before the flurry of wrapping paper hits? By putting yourself in tax mode nice and early, you can DRAMATICALLY reduce the amount of stress in your life down the road. Imagine kicking back with your refund already in hand (yes, the early bird … [Read more...]