Tax season is upon us. It’s time to sort those receipts, look at the year’s bank statements, and make sense of it all. You might have an easier time than most if you’ve kept yourself organized all year.
A small accordion file is a great way to keep receipts and invoices in order throughout the year and a way to avoid an accountant’s worst headache: the dreaded shoebox full of crumpled paper. (Remember, just because you don’t organize it doesn’t mean someone else doesn’t have to—and that isn’t free! What does your tax preparer charge per hour?) Label the dividers for the categories you need: Rent, Utilities, Business Equipment, Business Supplies, Travel, Education, etc. File your receipts right away, or at least at the end of each month, to make tax time a no-stress time.