Day by Day Lesson 2 - Income Tax

I didn’t write to you yesterday because I hyperventilated most of the day! Guess what? If you are a corporation you must file quarterly income taxes. Thats 4 times a year! And of course you must file the annual tax return on April 15th. That makes 5 times for your corporation only. You still have to file your personal income tax on April 15th as well. That makes 6 filings of income tax per year! Hey, I don’t know about you all, but i am an accountant and filing my annual tax return is a breeze, but that’s once a year. It usually takes me the better part of 3 days to complete. First I have to gather up all my deductible receipts, heaven only knows where they are, (well I am really very organized, they are all in a file, but the file is not necessarily organized), so I have to organize the file, organize the w2s, use the “IRS Charitable Donations list to figure out what I can claim as a deduction for my donations to charities, download the files, and upload the expenses. Anyway it’s about a 3 day job for an organized person.

I freeked out when I realized i would have to go through this a total of 6 times a year. Oh my gosh, that’s 18 days of my time a year.

Ok, I need an accountant (even if I am one), because I don’t want to do it! That’s what I’ve done for The Man (Johnny Cash expression) all my life. i am looking for something new and relaxing, challenging, fun, I am not sure what, but different that makes money).

OK, so today I am looking for a bargain on GOOD, no EXCELLENT accountants.  I’ll let your all know what if find.