Organizational Sanity: Win the Paper Chase with These 5 Tips

Organizational Sanity: Win the Paper Chase with These 5 Tips

Whew! Tax season has finally wrapped up, and we can all breathe a sigh of relief. The hunt for paperwork is over … for now.

If pulling your tax records together was a struggle this year, I’m going to suggest some simple tips for storing your financial records. Ultimately, the tax return we prepare for you or your business is a product of your record-keeping.

Consider these tips for keeping your documents — and your sanity — together:

1 — Put in the time. Spend some time each month to make sure your documents are in order. Go ahead and put it on your calendar or to-do list that you will spend an hour or two one afternoon or evening a month.

2 — File everything immediately. You don’t have to organize everything as you go, but do put receipts and statements in a folder or envelope. “I’ll get to it later” doesn’t always happen.

3 — Create a central location. Have a place for all statements, tax forms, receipts and other documents — ideally in a fireproof safe or cabinet.

4 —Organize electronic records the same way you would paper records. Keep your electronic scans and statements in a central location on your computer, organized and clearly labeled. Give everything a once-over during your monthly organizing.

5 — Keep everything secure. File cabinets should be locked, computers should be password protected and backup copies should be kept in a separate safe place, such as a safety deposit box.

It won’t take a lot of your time now, but following these five tips can save you time come next tax filing season! Of course, we’re always here to answer your tax questions, so feel free to email or call us at 706-632-7850.

2015 Tax Season Is Here

2015 Tax Season Is Here

Avoid Tax Season Stress!

Are you ready for tax time? There are a couple of steps you can take now to alleviate some of the stress of filing your return. Plan to get organized early. Begin by putting together a tax folder with W-2s from your employer, 1099s for other income you may have earned, bank and other financial statements and receipts for things like medical bills and charitable donations. Once you’ve gathered all your important paperwork, this is a good time to meet with Jackie to talk about changes in your financial situation or in tax laws that may have an effect on your return. A meeting is not required; you are more than welcome to drop your documents off at the firm and we will be happy to prepare your return. But don’t wait too long! Our schedule fills up fast!

Make an Appointment Today!

Do you need an appointment to meet with Jackie? We suggest calling within the next two weeks — appointment times are filling up fast! Call us today to set up your appointment at 706-632-7850 or email Sandy to request a time.