One thing that consistently comes up is how to deal with mail. It tends to get thrown on the counter and pile up quickly. Mail needs to be processed immediately. On your way back from the mailbox, make a stop at the trash can. Throw away/recycle anything that you don’t need or aren’t interested in. For example, those grocery store ads that come every Wednesday never make it past my recycle bin. Next stop should be your office, bill paying area or whatever space you have for dealing with household operations. Your mail should be immediately opened and put into its proper home. You should have a shredder located in this area as well.
Every household should have some kind of filing system and bill paying folder system. I prefer the tickler file (see my article on tickler files) but that doesn’t work for all. Open and file your mail. Shred anything that has personal information on it.
This sounds like a lot of work when you have other things to attend to, but giving your mail 5 minutes of dedicated time a day will save you lots of paper piles, stress and possibly late fees later.
Meagan Farrell, professional organizer, is the owner of Clear the Clutter organizing services. She can be reached at (360) 631-7268 or at clear_theclutter@yahoo.com. Check out her blog at http://cleartheclutterprofessionalorganizing.blogspot.com/
Showing posts with label paperwork organization. Show all posts
Showing posts with label paperwork organization. Show all posts
Sunday, May 31, 2009
Friday, February 13, 2009
Organizing your tax information
Tax season can be stressful on many levels. While this article won’t help you pay any potential bill, it will help to alleviate the stress that comes along with tax preparation. Do you find yourself in a mountain of paperwork this time of year or running around trying to find receipts or figure out miles that you can deduct? If so, follow these easy steps to making the tax preparation go more smoothly you and/or your accountant:
1. Set up a tax file. If you own a business or have business related expenses, you should have two sub folders for home and business. Everything tax related will go in this file.
2. Put envelopes inside these folders. The envelopes should be labeled with items that you claim on your taxes. Examples of this would be medical deductions, advertising expenses, donations, etc.
3. Throughout the year, file your receipts as they come in. Having them organized in such a manner will make it easy to prepare them. It will save you time and money (if you are paying your accountant to organize them).
4. If you are able to deduct miles (volunteer, business, medical, etc), put a small notebook in your car right next to the drivers seat. Attach a pen to it so you always have it ready. Use sticky notes to make dividers in the notebook for all the categories that you get to deduct. For example, I have a volunteer miles section and a business miles section. Every time you drive for one of these purposes, record the miles. When tax season rolls around, all you will have to do is tally the total.
Following these easy steps will save you time, money and anxiety. Tax preparation does not need to be stressful or overly time consuming. Refuse to be that person who has to drive to the post office at midnight on tax day.
Meagan Farrell, professional organizer, is the owner of Clear the Clutter organizing services. She can be reached at (360) 631-7268 or at clear_theclutter@yahoo.com. Check out her blog at http://cleartheclutterprofessionalorganizing.blogspot.com/
1. Set up a tax file. If you own a business or have business related expenses, you should have two sub folders for home and business. Everything tax related will go in this file.
2. Put envelopes inside these folders. The envelopes should be labeled with items that you claim on your taxes. Examples of this would be medical deductions, advertising expenses, donations, etc.
3. Throughout the year, file your receipts as they come in. Having them organized in such a manner will make it easy to prepare them. It will save you time and money (if you are paying your accountant to organize them).
4. If you are able to deduct miles (volunteer, business, medical, etc), put a small notebook in your car right next to the drivers seat. Attach a pen to it so you always have it ready. Use sticky notes to make dividers in the notebook for all the categories that you get to deduct. For example, I have a volunteer miles section and a business miles section. Every time you drive for one of these purposes, record the miles. When tax season rolls around, all you will have to do is tally the total.
Following these easy steps will save you time, money and anxiety. Tax preparation does not need to be stressful or overly time consuming. Refuse to be that person who has to drive to the post office at midnight on tax day.
Meagan Farrell, professional organizer, is the owner of Clear the Clutter organizing services. She can be reached at (360) 631-7268 or at clear_theclutter@yahoo.com. Check out her blog at http://cleartheclutterprofessionalorganizing.blogspot.com/
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