New Year’s Resolution: Tax Document Organization

Jan 14, 2014

According to the University of Scranton, 45% of all American’s usually make a new year’s resolution, while only 8% of American’s actually achieve their resolution. 39% of those in their twenties achieve their resolution while only 14% of those over 50. 75% of American’s stick with their resolution in the first week but then only 46% past 6 months. The top ten resolutions for 2014 are:

  1. Lose weight
  2. Getting organized
  3. Spend Less, Save More
  4. Enjoy life to the fullest
  5. Staying Fit and Healthy
  6. Learn something exciting
  7. Quit smoking
  8. Help others in their dreams
  9. Fall in love
  10. Spend more time with family

A tax file in a filing cabinetI am interested to hear what your resolutions are. I guess I am in the 38% of Americans who never make a resolution, but if I did make one it would probably be number 4 above. From my perspective I hope a lot of you are resolving for number 2! In order to help your accountant out be organized! It will end up costing you more if you give your accountant a shoe box of information. Do you and your accountant a favor, have your tax documents organized and neat! If this year your tax documents are a mess, then make a resolution now to start a folder where you can put the information so that a year from now you can quickly access it without frustration!

Happy New Year and Happy Resolving!

By: Tara West, CPA, CMA

Categories: Uncategorized