I Hate Taxes!

Happy leap year! I started gathering all of my husband’s and my tax data this weekend to file our returns for 2015. I was reminded of how much I hate the process of getting all the W2s, 1099s, giving statements, and other forms together.  It wasn’t always like this - when I was younger, I looked forward to a refund, so the process was smooth and fast - not the case lately! You know how it goes – the more combined income, investments, and/or savings you have, the more taxes you pay. But, you are also motivated to work more closely with a tax advisor to lower the tax amount (Thanks Frank – our advisor). I don’t mind paying my fair share, but boy, it’s hard to drum up excitement when Uncle Sam takes a big hunk L

Strategies to Get Those Taxes Done

It’s the year of action, however, so I’m taking it a little bit at a time so I don’t get overwhelmed. If you’re already done, comment below and share some tips you used to keep you going during tax season. Better yet, share this blog with a friend who is not done yet.

I read a couple of timely articles and did a few things differently to take away some of the mental anguish. I’m sharing the love:

  1. Productivity Wins – We’ve used Dropbox to store our tax files and we share the links/folder so easily with our tax advisor.
  2. Online Resources for You Business Owners – I’ve used Efile4Biz the last few years to send out my 1099s and it’s super-easy.
  3. Great reads:
    1. 7 Mistakes You Will Never Make Again – Yes, some of these will surprise even the tax whizzes. My favorite? Staying Current on Obamacare.
    2. Avoiding the Estimated Taxes Death Spiral – For you business owners to keep up with payments, don’t miss this read.

End of Black History Month

It’s the last day of Black History month, so I’ll leave you with this quote from one of my favorite businesswomen – Madame C.J. Walker – to help get you in gear.

“I had to make my own living and my own opportunity. But I made it! Don’t sit down and wait for the opportunities to come. Get up and make them.”

Get Yours. I Will Be Getting Mine!