What you will need:
- Samsill Trio 3-in-1 Organizer
- Free Printables (see below)
- Three-hole punch
- All Tax Forms
If you are struggling with getting everything organized this tax season, we are here to save the day! Part of being a small business owner is all the paperwork and knowing what you need for your taxes and what you don’t. First things first, if you don’t already have an accountant get one! They know all about taxes and laws and are up-to-date on current information to ensure that you get the best return. Your accountant should tell you what deductions are available to a small business owner. One reason to stay organized and on top of everything through the year is to make sure that you have all the proper paperwork to write off tax deductions. Here is an article explaining the top 20 tax deductions for small business owners. Also read about what type of tax documentation you need for your deductions here.
Once you have completed a little research, you may ask yourself, “how am I going to keep all this organized through the year?” Our answer is 7 free lists and a Samsill Trio.
The Trio will be your go to document storage piece because you will be able to store all your tax documents in this 1” binder with a 7-pocket accordion contraption. The other bonus is that the Trio has expandable file hangers. Perfect for easy file storage or retract and take on the road.
Follow these easy steps to make your accountant happy, online tax filing easier, or if you have a tax software everything will be easy to find!
Get EVERYTHING in one place! Get all your paperwork, receipts, etc. all together to make this process faster.
Income and Expenses
- Interest income
- Business income
- Investment expenses
- Stocks, bonds, mutual funds, real estate
Personal Information Needed
- Social Security Number
- Spouse’s Social Security Number
- Dependents Social Security Number
- W-2 Form
- 1099 Form
- Investment income information, including: interest income, dividend income, income from foreign investments, annuities, royalties and rents, any capital gains).
- Medical expenses
- Charitable contributions
- Employee business expenses (flowers for employees, luncheons, office supplies, subscriptions, etc.)
- Life events (divorce, home sale/purchase, college, birth, etc.)
Pull out your Trio and start by labeling the accordion section by each month. This is great storage for your monthly receipts, along with tracking your paid invoices and expenses and everything that is paid in and paid out that month. You can do this digitally but it’s a great idea to have a backup source.
We created 7 printouts that you will need through the year, including:
**Please seek guidance from an accountant or your tax preparer. These printables are for personal use only. This post is a how-to for “organizing” tax information, and in no way giving professional tax advice.
If you are looking for ways to organize your personal taxes read more here.