TAX TIME AGAIN!!!

Here are a few hints and tips on how you can organise your tax not just for this year but to get ahead on next year...

My favourite way of keeping tabs on tax receipts and invoices is to place them all in a categorised plastic sheet labelled and placed in a Lever Arch Folder.

Categories: Car Expenses, Utilities, Health Expenses, Insurances, Work Related Expenses such as
Travel, Phone, Uniforms, Tools etc.

Label each plastic sheet and just pop your invoices and receipts under the respective category as you progress through the financial year... you can input the information into a spreadsheet so it auto tallies as you go or just input it all at the end of the year....

Keep a folder for each individual in the house or one for personal and one for business.

When going to get your tax return done just print off your spreadsheet and take it with you to your tax accountant along with your group certificate and other relative info and you won't need to take all the bulky and heavy receipts with you because it all on your spreadsheets.