Well, it is that time of year again. Actually, this is the first time taxes have ever blown me away. Usually I can handle them. And for a long time, I just did them myself. As our investments grew, I started passing them along to a CPA. As we started doing more real estate investing, I looked for a CPA who could make sense of the complex and find us more tax deductions. I am lucky to have him.
This is year one of our corporation, so taxes are even more confusing than ever. More to remember and hopefully more deductions will come my way. I dumped most of this on my bookkeeper. However, in college, just as I always had clients who would do a precleaning before I got over there to clean their house, I needed to get my receipts and zen accounting system ready for her. After she is done with them, THEN they go to the CPA. I cancelled my appointment twice and it is now set in stone for March 2.
I have started reviewing my personal taxes. I did a bit of a calculation and have decided that 1) I need to stop making calculations and 2) I probably owe.
Sunday, February 19, 2006
Saturday, February 18, 2006
A few random thoughts
So, my bookkeeper says to me today, where is my spreadsheet for my company... Um... good question. I have kept copious notes, journal entries, etc. for the three LLCs I run. Books are balanced to the penny. But because the property management company owned and run by me doesn't have anyone else answer to, I have neglected some basic bookkeeping. Tomorrow is the day of reconciling--literally.
Tommorrow is also the day I get her all of my tax info. She chuckled today that she is glad she is paid by the hour. She is going to earn it.
Tommorrow is also the day I get her all of my tax info. She chuckled today that she is glad she is paid by the hour. She is going to earn it.
Thursday, February 16, 2006
Greenhorn
Welcome any readers!
For any of you out there bored enough to read this, congratulations on your facination of the innane. This blog is my random thoughts on starting and running an accidental business. Although my background is marketing and public relations, I had NO idea that I would be CEO of my own corporation (though a small one). I hope as I document my experiences that it will lend clarity to what I am doing and maybe help someone else along the way.
For any of you out there bored enough to read this, congratulations on your facination of the innane. This blog is my random thoughts on starting and running an accidental business. Although my background is marketing and public relations, I had NO idea that I would be CEO of my own corporation (though a small one). I hope as I document my experiences that it will lend clarity to what I am doing and maybe help someone else along the way.
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