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Tuesday, November 8, 2011

Planning Ahead for Year End

This is a really busy time of year. The holiday season has started and some of us are already thinking about Year End and taxes. Well, maybe you aren't but I know that some of my clients are already dreading the end of the year and the piles of receipts that they have waiting for them to sort through.

Now is the time to take a deep breath spend a few minutes thinking about where you dumped all of your receipts and tax related papers. Yes, I did say "dumped". Or was that shoved, as in shoved into a drawer never to be thought of again? It sounded like a good plan at the beginning of the year. "Deal with it at year end and get a whole year of not thinking about it".

Well, the end of the year is near. And now I hear by clients moaning about "the piles".

So take a deep breath and deal with it now.

* Make a list of the files that you need to create.
* Make a list of all of your documents that you will need to gather for the accountant.
* Separate your receipts into piles such as: house related expenses, business expenses, donations....
* Make an appointment with yourself to sit down for 30 minutes at least once a week to get some of your papers into order.

By taking some time now to think about the end of the year and what you will need to gather for taxes and your accountant, you will spread the "tax stress" out so that you are not hit with it all at once.

And also, think about how to create a better system for next year so that you don't have to go through the "year end tax stress" every year.

Happy Organizing !



Organizational Consulting Services

http://www.organizationalconsultingservices.com/

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