Which Tax Papers To Keep + Tips For Organizing 7 Years Of Support Documentation For Your Taxes

7-years-tax-records

Each year around tax time, I go through all of our personal receipts, bank statements, household utilities, and medical bills/receipts in an attempt to stay organized. By staying on top of this and doing it just once each year, it's easier to find the information we need when the time comes for filing taxes. Now it's a breeze to find the appropriate support documentation for our tax forms -- and for the accountant -- each year. I thought I'd share some of the time-saving tips I use to … [Read more...]

Is Your Home Phone Bill Out Of Control?

Because we have high-speed DSL through our home phone line, I have been ignoring the high amount we have been paying on our home phone. However, even with DSL, $120 a month is just too much to pay for a home phone when your household already has 4 cell phones. … [Read more...]

How Buying Business Equipment Can Affect Your Taxes

Are you looking to purchase equipment such as printers, copiers, or office furniture for your business in the near future? If so, you may want to look at the purchases you have already made this year before determining whether to purchase the new equipment this year or next. By appropriately planning your business purchases, you can save money through tax deductions. … [Read more...]

Home Phone Service – Is It Necessary?

Nowadays, most of us have a cell phone, Blackberry, or some other type of phone to keep us connected. But as we've grown more dependent on our cell phones, another question has come up: Do we need a home "land line" phone anymore? Well, depending on your personal situation, cutting out the home phone service can be an easy way to save money. Depending on your service, cutting out a home line can save around $40/month or $480/month, plus any incidentals. While this is a decent savings each … [Read more...]

What Is The Telephone Excise Tax Refund All About?

Want to be a part of probably the most wide-reaching tax refund - and of course, save money at the same time? Well, the Telephone Excise Tax is a one-time tax refund only offered for the 2006 tax year. … [Read more...]