It is that time of year again. Tax documents are coming in the mail and April 15th is just around the corner. Time to find all of that important paperwork and make the most of those tax write-offs. Having disorganized paperwork can make tax time a nightmare. Here are some tips on organizing your paperwork to keep you in control at tax time:
- Go through all of your files and get rid of anything that you no longer need.
- Make sure any loose paper is sorted (keep, recycle, and shred) and the keepers are filed away.
- Take advantage of one of the Free Shred Days coming up if you have large quantities of shredding.
- Set up files for your tax paperwork that fit the categories you have for your specific tax return (ex. charitable contributions, property taxes, quarterly estimates, deductible business expenses, etc.) and keep these files in a separate section for taxes.
When tax time comes, this makes it easy to find exactly what you need to complete your taxes. If you need some help getting your paperwork under control, we are always glad to help get you caught up and set up a system that is easy to use.