Tips to prepare for Tax time

Discussion in 'Business Operations' started by maal, Apr 2, 2004.

  1. maal

    maal LawnSite Member
    from georgia
    Posts: 34

    Arrrrrrgh!!!!!

    Someone, ANYONE please post some tips on how you organize all this tax paperwork.


    What filing system do you use throughout the year?

    etc....


    :blob2:
     
  2. Premo Services

    Premo Services LawnSite Bronze Member
    Posts: 1,516

    I use quickbooks pro for the business. I made groups for every expense I have. My accountant has helped me with this. As I purchase something, I write on ticket what the expense was, and then enter them into quickbooks. At the end of the year, I make the reports of the purchases that I have made. I make a master report of all expenses for him, and he does the taxes. My wife has also helped me in filing the mass of reciepts in a storage box with seperate holders.

    I used to do it with quicken too and did it the same way, seperate groups for all the expenses, then made reports.

    For the mileage on the vehicle, I have a palm pilot, and use a mileage program, just enter the start and end miles, a reason for the miles, and if they were business or personal miles. The program totals the miles seperate automaticaly. Before I got this I used a notebook and made four columns.
    Start End Total Bus. or Personal. Total them all and they are done. I must say the program on the palm pilot has saved me a ton of time figuring the total miles.

    It never does get any easier, though, I still dread doing all the reports and stuff when it is time.
     
  3. MacLawnCo

    MacLawnCo LawnSite Bronze Member
    Posts: 1,847

    I use a large excell file for monthly and anual calculations. with enough time and pateince you can get excell to do just about anything
     

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