This is something we all should take time out to learn more about: taxes. As a small business owner, it is essential that you understand record keeping for tax purposes. You must keep this information on file in case of an audit. And of course, you want to be able to find those files, so you should keep your paperwork organized.
The IRS is offering a free phone forum on October 22nd called “Recordkeeping for Small Business Self-Employed Individuals. The site states that you will learn what books and records are, why they’re needed, who should have them, and how long …read more

(www.myorganizedbiz.com) – I was thinking about the relief most people are feeling today and wondering if you had any thoughts about what the next fiscal year will be like for you.
Do you have any “I’m never going to do that again” resolutions? Are you feeling content because you’ve already got your rebate check – and you’re planning a repeat for next year?
As a business owner, what did you learn from this last tax cycle?

(www.myorganizedbiz.com) – The b5 Business Channel is hosting an April Scramble where all the bloggers switch blogs and topics for a day. Today’s Makeover Wednesday is written by by guest blogger Yvonne Russell from www.homebiznotes.com.
Jennifer Hofmann is the queen of organization here at My Organized Biz, so the pressure was on when she asked me to help with one of her own organization issues.
Jennifer sent me a photo of her receipts piling up and said -
I can’t get myself motivated to enter my receipts. The picture features my system of sorting them, but it’s not working because they’re now piling …read more

(www.myorganizedbiz.com) – There’s some great writing going on around the b5 Business Channel I though you should know about, so here’s my roundup for the week…
At Yielding Wealth, Miranda’s got a fun video feature that captures my heart – and the essence of my own financial values.
Miranda also wrote a post called Me and My Cash Flow Problem – where she discusses a financial mistake she made and shares a lesson we can all learn from.
On TaxGirl, Kelly gives us the DL on health insurance premiums and how to deduct them. This is an oft-overlooked writeoff so check it …read more

Some great things are happening in the blog world – just in time to help you with your own tax preparation.
Kicking off the roundup is Shannon Cherry’s post about the five steps to surviving the tax season. Some great advice – plus a mini-interview with my favorite bookkeeper, Jessica Salzman.
Next, the TaxGirl gives suggestions for organizing your taxes this year. You won’t find better or wittier advice in the tax world!
Check out this post from Sharon McLoone at the Washington Post about How ‘07 Changes Affect Small Business. Definitely worth a read – looks like the US government is starting …read more

(www.myorganizedbiz.com) – Are you stressed? Are you done already? They’re predictable as death and a source of dread for small business owners everywhere.
If you want support, Kelly Phillips Erb’s TaxGirl blog is your answer. Ask questions and get witty, useful suggestions that are easy to understand.
Here’s a great recent post she wrote about claiming medical and dental deductions.
The clock is ticking… How far have you gotten on your 2007 taxes?

(www.myorganizedbiz.com) – Over at TaxGirl, you can participate in a poll about how your taxes are coming along. And if you say, “Taxes? Aren’t they due in April?” – you’ll find that you’re in good company!
Creating an organized business means that you can lovingly care for your financial health – including what’s owed to the government.
Today, I’m happy to be featuring an interview with Jessica Reagan Salzman, owner of Behind the Scenes LLC which does virtual business bookkeeping for people who are tired of being in the dark when it comes to money matters.
Jessica has also been called …read more