Track The Tax Papers

Written by Janet L. Hall


Track The Tax Papers By: Janet L. Hall

First let me tell you that I do not use a financial software package for my business at this time. I tired some and found that it was more time consuming for me then to simply put my receipts in organized folders and total them atrepparttar end of month or year. I also keep a very detailed check register and I don't findrepparttar 112742 need to re-enter this information into my computer.

Here's what I do and might work for you.

I have two hanging folders that I keep in my file drawer in my desk. In each ofrepparttar 112743 folders I have manila folders for each line (category) item from my tax form that I use in my business; such as Office Supplies, Utilities, etc. As I get receipts for those line items, I simply droprepparttar 112744 receipt intorepparttar 112745 corresponding manila folder. Atrepparttar 112746 end ofrepparttar 112747 month or year I simply add uprepparttar 112748 receipts for those categories to get my totals to enter onto my tax form. This year it took me a total of three hours to total my receipts and off torepparttar 112749 taxman I went!

For days that I'm rushing or too tired to file receipts, I have a small basket on my desk I can throw my receipts into and on my scheduled day of filing they get filed away.

Q: As a result of my divorce, I'm left with more debt than I can handle. Is there an alternative to bankruptcy?

Written by Susan Oriely


One ofrepparttar often-unintended consequences of divorce isrepparttar 112741 burdensome debt that was formerly handled by two, now to be handled by one. Creditors hold both spouses liable for debt incurred duringrepparttar 112742 marriage. Any agreement betweenrepparttar 112743 spouses regarding who is responsible to payrepparttar 112744 debt need not be recognized byrepparttar 112745 creditor.

To avoid bankruptcy, one must become acquainted with bankruptcy law. You must determine you income/expenses and your assets/liabilities. If you haverepparttar 112746 ability to fund settlements withrepparttar 112747 creditors, you should avoid bankruptcy.

Other than just paying you debts in full, one option to avoid bankruptcy is to compare debt consolidation with debt negotiation. Debt consolidation is a payment plan in favor of your creditors to payrepparttar 112748 debts in full over time with interest. Debt negotiation, however, provides for discounted cash settlements, which are customized to you ability to fund.

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