Here are a couple of quick organizing tips that will help you this tax year and then appreciate them even more next year…..
Flag your files, find it fast. One of the easiest ways to get started is probably sitting right in your home office to review your records. We’re referring to your tax records from last year! Unless you’ve had significant changes over the year (such as a new baby, investments or home), your past records can provide a good start on what information you’ll need to gather this year. As you review your files, flag items and the files so you can locate them quickly next year. Consider using Avery NoteTabs for this purpose - if things change, you can remove them from the file or item easily and reuse them and they are color coded if you want to categorize your tax information.
Spend less time looking for loose receipts. Americans spend nine million hours a day looking for lost or misplaced items, according to the American Demographics Society. Develop a system to organize your receipts now and then use it for next year. There are a variety of options but I love to use the Avery PocketTabs™. Use the convenient pocket to store receipts for all your deductible expenses you collect throughout the year. The removable, repositionable pocket can be attached easily inside your file folders, and has a closeable flap to keep your contents secure. You could also create a tax receipt binder and attach the pocket tabs to card stock in the binder. Take it one step further, categorize each pocket tab – gas, meals, parking, medical, donations…etc. You can find out more about these products by visiting your office supply retailer such as Staples or visiting www.avery.ca or www.avery.com.
If you need help getting organized for tax time, send us an email at firstname.lastname@example.org.