Tax Time - AGAIN...
 

what i do is use what's called the "Dome Book"

i use the weekly entry ledger and fill in the blanks ONCE a year...

first thing i do is load the "cash" reciepts by date

second is i go through all my checks that i wrote for the year & reconcile my invoices for those checks by date

third is i go through my bank statements for all credit card charges AGAINST my account as well as any service charges

fourth is to enter "sundry" expenses, i.e. newspapers you purchase for office/info regarding your bizz/coffee you purchase for clients, etc

on a note - where i live i can't get cable - being in the sports bizz i need ESPN/NESN/FOX Sports etc...

when my local network went from FOX to UPN i lost the World Series & NFL games as well as the Super Bowl - so i bought a dish - i can deduct that in part as part of doing bizz

i reconcile my books once a year and it only takes me 4 hours +/- to do so for the whole year...

my sales taxes are quarterly so that's not a problem...

so how do you do yours???

Unearthing W4 form, 10 minutes.
Turning computer on, 2 minutes.
Typing up forms nice & neat, 15 minutes.
Clicking on *SEND TO IRS* button, 2 seconds.
Printing out copies, 2 minutes.
Taxes done in under 30 minutes, priceless.

For everything taxes, there's TurboTax.
:D