paper organization

10 Ways to Get Organized for Tax Season


April 15th is coming soon! Do you have your tax records ready for your tax preparer?

Is tax season stressful for you? Does your tax preparer cringe when you drop off a pile of receipts, invoices, and statements in a jumble?

You can make it easier for yourself and your tax preparer by following these 5 helpful tips:

  1. Separate receipts by categories. Use paperclips or binder clips to keep separated
  2. Gather bank and credit card statements and medical receipts if applicable. Highlight deductible items.
  3. Use an excel spreadsheet or paper spreadsheet to list all totals.
  4. Place spreadsheet, W-2’s, 1099’s, interest statements from bank and investments on top of all your supporting receipts and statements.
  5. Drop off to tax preparer!

Do you procrastinate then stress about forgetting something important? You may be behind the eight ball this year but if you follow these tips you will be ahead next year!

  1. Designate a folder, binder, or file box to hold all your receipts, statements, tax papers so that they are all in one place.
  2. Consider investing in an accounting program such as Quickbooks or Quicken.
  3. Use your printer’s scanner to scan receipts and statements. Next tax season print out scanned copies and eliminate hardcopies.
  4. Schedule an appointment with yourself at least once a month to enter data in the program or on your spreadsheet, balance bank statements, highlight deductible items on credit card and medical statements, calculate mileage.
  5. Next Tax Season! Run a report in accounting program or tally on spreadsheet, gather supporting documentation. Drop off to tax preparer!

Enjoy a stress-free tax season!

  • Has paper clutter taken over your space?
  • Is your filing system working for you or against you?
  • Do you spend too much time looking for information (emails, files, papers)?

Paperwork Organization is one of the hardest things for most people to get under control. If you are in need of Paper Organization contact Organized by Sharon today at (518) 791-5560 for help in setting up a system that will work for your organizational style. Looking to get more information? Set up a free consultation today!

Disclaimer: The information presented in this blog is for general information regarding income tax preparation. Please consult with your accountant or tax preparer regarding your specific tax needs.




No comments yet.

Leave a Reply

Organized By Sharon