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. Here are some of the time-saving tips I use to keep all of our personal, household, and tax info organized. Plus tips for how long and which tax papers to keep.
office items and housewares
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. Here’s what I did…
Most business will make equipment purchases each year. If your business appropriately plans for the purchases, you may be able deduct the full price of the equipment. This article discusses the deduction for equipment purchases and how to plan your purchases in order to decrease your tax bill.
Home phone service is one way to cut costs. As cell phones have increasingly become the main method of communication, home phone service has gone out of date. While the reliability of home phone service is greater than that of a cell phone, depending on your situation, a cell phone will usually suffice. In this article I’ve listed the factors to consider when deciding whether or not to keep your home phone service.
The Telephone Excise tax refund is applicable to almost everyone for 2006. Individuals and businesses have 2 options to select from in order to calculate the refund they are eligible for.