Monday, January 19, 2004
Personworks
Tax season is upon us and I would like to share with you 5 tips to making the tax process go smoother, and save you money!
1. Make your appointment ASAP to get it over and done with, so your tax refund gets back to you faster!
2. Gather up your receipts and add the amounts together for your tax deductions – this will save money that would normally go to your appointed CPA.
3. Collect all donation receipts and add those together. If you are confused about how to rate the deductions, I highly recommend ItsDecductible. Go to www.itsDeductible.com for details. You would be surprised how fast the money adds up!
4. Ask your accountant of other deductions you may add to your tax records, they always have new information each year on ways to save.
5. If you are your own business, add up donated hours, and reduced rates and present this to your accountant as well.
Ps the year is 2004 which means we get to throw away 1997 tax documents!! (Unless you are a non-profit, you need to hang onto yours for 15 years.)
Tax season is upon us and I would like to share with you 5 tips to making the tax process go smoother, and save you money!
1. Make your appointment ASAP to get it over and done with, so your tax refund gets back to you faster!
2. Gather up your receipts and add the amounts together for your tax deductions – this will save money that would normally go to your appointed CPA.
3. Collect all donation receipts and add those together. If you are confused about how to rate the deductions, I highly recommend ItsDecductible. Go to www.itsDeductible.com for details. You would be surprised how fast the money adds up!
4. Ask your accountant of other deductions you may add to your tax records, they always have new information each year on ways to save.
5. If you are your own business, add up donated hours, and reduced rates and present this to your accountant as well.
Ps the year is 2004 which means we get to throw away 1997 tax documents!! (Unless you are a non-profit, you need to hang onto yours for 15 years.)
