It wasn't all that long ago when I sat down with mounds of paperwork to do the preparation for my taxes. I had to call in some help (my sister) because the task was just too overwhelming. When it was finally all finished, I ended up filing several months past the date that they were due. My procrastination cost me hundreds of dollars in late fees to the government. I promised myself that I would not let that happen ever again.
In Canada, anyone who files a business tax return has until June 15th each year to file. I usually consider this my deadline, but this year, I'm taking a different approach. This past year, I think that my income from all sources may have surpassed Hubby's income. Some of our deductions go to the lower income earner in the household, so this year it will be more of a surprise to see if it will go to me or to Hubby.
I learned some things during last years tax difficulty. I need to keep thing separated by month and not just by category. Doing this somehow makes it easier for the tax preparer. It also makes it easier for me to compare with annual numbers from past years, and to make some budgeting predictions for the coming year.
This activity will takes a few hours each day over several days to complete. Then I go over everything one final time, just so I don't miss anything. This task usually involves a lot of swearing, coffee drinking and chocolate eating to get me through it. But this year, I have healthy snacks at the ready, and the coffee pot full.
Wish me luck! (If you don't hear from me in the next couple of days, that will be because I'm buried under a pile of paperwork.)