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Hey Belle Hey.

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Stay Fabulous Belle! 

Belle Tips: Tax Organization (It's Tax Day)

Hey Belle Hey-

WHAT DAY IS IT?

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TAX DAY

Yep…I Said it… I am proud to say that I am ahead of the game and to ensure that I stay ahead I’m giving you a peak at how I organize my tax items through the year. As a business owner, home owner, etc. making sure that you keep everything in one place is essential.

Here’s what you’ll need:

  1. 3-prong folder (I use this instead of a binder to make storing it in my file cabinet less bulky)

  2. Tabbed Dividers

  3. Pocket Protectors

  4. A Label Maker (I use the Dymo Label Maker)

  5. A Calculator

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Each year I label the folder with the tax year and then I label each tab for things I need to keep up with throughout the year.

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Inside of the folder I have a section for Business Receipts and my Business Spreadsheet. I have a section for charitable giving and this year I will have a section form moving. In the past I’ve had a section for school expenses….I highly recommend meeting with a tax specialist/accountant to discuss expenses you should track throughout the year if you itemize your taxes.

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Once I have my labels made I slip one/two pocket proctors behind each tabbed section to make sure that I have a space to store the necessary documents . Also, having this folder set up early makes sure that you stick to a plan because all you have to do is place the paperwork where it goes.

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What are the ways you stay organized for filing taxes throughout the year? Comment Below

As Always,
Stay Fabulous Belle

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