Organized Tax File

Death and taxes-guaranteed.  Stress at tax time does not have to be guaranteed!  Tax season is often a tough time of year as people search for important documents, receipts, checks and missing papers.  This is a new year, a year that you can organize your tax documents so you can find the papers that you need quickly and decrease your stress level at tax time.

Follow the following 5 home office organization tips to beat tax time stress:

1)  Create a folder labeled “Taxes” for your file cabinet to place all tax documents & information that you receive throughout the year.  An example may be a letter you receive from your accountant.

2)  Label a large envelope “Charity” and place all charitable receipts that will then be stored in your “Taxes” file.

3)  Create a template on your computer listing all of the tax documents you need every year.  This will give you a checklist to make sure you have everything you should have at tax time.

4)  Create archive files for old taxes in case you are ever audited or if you just need to refer back to something from a previous year.  Read more about how to organize your archive taxes.

Organized Archive Taxes

5)  If you have a lot of receipts to save, such as for a home based business, stash them in labeled envelopes or use an accordion file labeled by category.  This will separate, label and give receipts a home until you need them.

Each one of these home office organization tips only take a few minutes to implement and it’s well worth your time and energy now to save time and stress later!

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