Wednesday, October 15, 2008

October 15 is Tax Day for Procrastinators

Lucky people tend to be on top of things. I was not on top of our taxes this year, so when April 15 rolled around we filed an extension. I really didn't want to delve into the taxes because I knew I hadn't kept up with things very well and it would mean hours and hours of checking invoices to get costs, counting inventory on hand, and reconciling sales records and shipping records and fees. Not a big job if you work at it daily, or even weekly. I made sure to keep every bit of information I might possibly need, I just didn't put it into any sort of order, spreadsheet, or database. I threw everything in a box. A really large box. UGH.

I spent several hours each day last week working on our records. And all day, every day this week. I hate to admit it, but all work and no play makes LuckyGirl cranky. I've also had to listen to Mr. LuckyGirl say, "if you had listened to me and used QuickBooks this would have been a much easier job," over and over again.

So QuickBooks people, if you're listening, Mr. LuckyGirl is usually right about this sort of thing. If you want to send me some software I promise I will blog repeatedly about how much easier it made my job. I do want to be on top of things, I know that it makes life go much smoother when I am. And often smooth means lucky!

I hit the "transmit your tax return button now" button at about 9 p.m. this evening, so I had a good three hours to spare. Anybody else wait as long as I did to file their taxes? And I'd love any tips you'd like to share. I've already got the big one down: don't put it off until the last minute.


Waterrose said...

Yep, quickbooks. It's a life saver. The even bigger lifesaver is an accountant. It's not so expensive if you have everything together. Plus, mine told me that since I didn't owe any taxes that even if I were late, I still wouldn't pay any penalties. Doing a little each month make the medicine go

Leah said...

Get an accountant - in an hour or so they can set everything up for you in whatever program you want to use to track things, and they know how to import all your data from the bank and stuff. It's an upfront investment, but SO worth it in my opinion. Between my husband and I we have two businesses as well as all the personal stuff to track, so it was getting too hard to do on our own - now I wish I'd hired someone to set things up for me a long time ago!

Adivah Israel said...

I, too, love QuickBooks and use it for business and personal accounting. I got a free version with my new computer - you might try going to the QB website and seeing if their QuickBooks Simple Start is free to everyone and download a copy for yourself. I've used the more professional version and found this free one is just as good for my purposes. Good luck!

I am Jamie Sue! said...

Nope. I file taxes right after new year. That way I don't have to be stressed about it.

Vicki said...

I really hate accounting. I can do it, but don't like to do it. Quickbooks makes an unpleasant task less difficult.