February is here, and today is Groundhog Day, have you seen the movie? The one where Bill Murray repeats Groundhog Day over, and over, and over again. Does talking about getting ready for TAX season, have the same effect on you? Do you feel every year you are repeating the same cycle over and over?
We all have to do them, would you like to approach this year with a positive attitude?
5 EASY Solutions for less stress at tax time!
I am here to give you some ideas on how you start the process of getting your paperwork in order, it is not as daunting as it sounds, it just needs you to start. So why do we have a hard time with paperwork?
Paperwork does not have a permanent home or location
Papers are usually scattered around our homes, under piles of other things so it is no wonder we have a hard time getting things ready for our accounting systems, or accountants. The solution: Grab a box and mark it “Paperwork “, every time you see a piece of paperwork put it in the box.
We keep paperwork that we don’t need.
Once you have gathered all your papers together, now is the time to make a shred pile for all the things that you don’t need to keep for tax purposes. For an in-depth list of what YOU need to keep go to this link at Canada revenue Agency. The solution: Only keep paperwork you need and sort them into different categories that work for your family.
There is no system in place physically or electronically for your paperwork
I know that we were led to believe that the age of computers would actually mean less paperwork, when we know the opposite is true. The solution: Think about what kind of filing system that would be the easiest for you to use. How do you deal with bills and receipts, are you a piler or a filer? Getting to know your unique way of dealing with it will help you decide on a system.
Too much paper entering our homes.
We are bombarded with print, whether it be magazines or newspapers, they just add to the clutter that pile up on counters and tables in our homes. The solution: Take advantage of paperless billing, most companies will do that now, check with your hydro, gas, TV providers, even your banks. The less coming in the less you have to deal with.
This is a common problem that most Organizers run into with their clients, and why they call us to help them get started. They are overwhelmed and don’t know where to begin, so they turn a blind eye and things just get away from them. The solution: Calculate how much time and money it would save you to hire either a Professional Organizer or a Book Keeper to help you with your paperwork.
You can do this, the majority of us struggle with this yearly endeavor, you are not alone?
Please feel free to leave comments below about your paperwork struggles or solutions. I would love you to share this if you, or someone you know will find this information useful.