Here’s my first #mugshotmonday post. Mug by Erin Paradis. I was supposed to write a things I’ve learned post yesterday but ended up working on a freelance project all day and sort of forgot. So I thought I’d ask you all what you learned last week. Doesn’t have to be about business stuff, just anything interesting, helpful, or funny.
Well, I skipped my post last week because I’ve been sick. And I definitely didn’t learn anything interesting this week, although I did finally finish watching Twin Peaks. I did manage to file my taxes though. I didn’t wait until the last minute because I was avoiding sorting through paperwork or dreading finding out how much I owed. I waited because I’ve known exactly how much I owed since the end of last year and nothing was going to change that. And since a few people have asked, I thought I would share some resources that might help you prepare for next year’s taxes better. I’m definitely not an expert on this topic, but I was the bookkeeper at my previous job, so making sure I stay on top of my accounting is important to me.
1. I use Outright Online Bookkeeping (now called, GoDaddy Bookkeeping, but I still like calling it Outright). All of my income and expenses get automatically imported into the database so I can keep track of my profits and estimated taxes. There are also lots of fun reports. I really like reports.
2. Quickbooks is great, but you kind of need to know what you’re doing and it’s more expensive. I’d like to switch to it someday.
3. Before I did my taxes, I printed a Schedule C report from Outright, which amazingly matches up exactly to all of the info you need to enter when filing your taxes. I did not sort through any paperwork ahead of time. I’m terrible at filing, so using this system of bookkeeping is the only way that will work for me.
5. Here’s a great link about taxes from the Freelancers Union: https://www.freelancersunion.org/blog/2014/04/01/ultimate-tax-guide-freelancers-roundup/
So, I shared with you my basic process of keeping my accounting organized. Feel free to share what works with you! Or if you have any other questions, I’ll try my best to answer.
#smallbusiness #indiebusiness #taxes #freelance #fulltimeartist #business #tips #godaddybookkeeping #outright #accounting #bookkeeping #creative