Well I saw the blog carnival I decided to share about how I am organizing my business for paying taxes? I laughed when I saw the subject because I am so horrible with organizing my business stuff. Did you say ORGANIZE? Receipts and paper trails scattered. Is that considered as organized! Oh Boy! Every year I say I have got to do better and actually I do. I don't make enough money to pay a CPA or any other resource I would have to pay to organize anything. This business is still at the beginning stages for me and since the economy is horrible I am confident I had a loss this year. So for me, I do my own organizing like on April 14th (yes I usually file an extension). I gather all of my stuff, put it in a spreadsheet and PRAY I didn't miss anything! Then I give it to my Tax guy to file it for me ( he charges me a nominal fee).
Disclaimer: If a tax auditor is reading or reviewing this data note that all information in this blog is for entertainment purposes only! LOL!