Friday, April 03, 2015

Tax Time

It's go time.
So yesterday I did something I've never done in all of my years of either preparing my own taxes or getting the files and forms together for our accountant: I pulled everything together in one day.

Granted, I had been keeping all tax-related documents in a folder as things were mailed to us over the last few months, but that's not really what I'm talking about. I'm talking about all of those other random and not-so-random last-minute things you realize you need when tax time rolls around. That includes completing the entire year's profit and loss statement for my writing business. Each year I swear that I'm going to keep my LLC's income and expense spreadsheet current. I vow to fill in what I get paid and what writing-related costs I incur on a rolling basis each month so that I don't have to scramble in April. And then I promptly forget about it (or am just too lazy to do it) as soon as the taxes are filed.

Since my 2014 situation was not that complicated, I was able to complete my spreadsheet in a matter of a few hours. It's always fun to go back through the year and be reminded of which movies I took cabs to versus drove to (cash expenses versus credit-card parking expenses!)—what's even more fun is when a movie was so blah that I cannot even remember what it was about. D'oh.

Anyway, I got everything done and made it over to our accountant's office 30 minutes before they closed for the day. (I used to LOVE doing our taxes on my own, but once I created an LLC I got too nervous I would screw something up.)

There was another guy dropping his packet of forms off at the same time. We went down the stairs afterward together and he said, "It feels good to have the ball be in their court now, doesn't it?"

Yes, yes it does.

- e

1 comment:

Joe .. said...

We use TurboTax and I still get nervous. This year the wife wanted to try it in case she had to pick it up some day.

Other than answering questions it went really well.

And yes it is nice to be able to pass that task to someone else to wrap up for you.