We have discussed organization before, and how it can help you save money.  Did you know that it can also help make filing your taxes a little easier too?  Tax time is not a favorite of very many, but there are things that you can do to make it easier.

It is always important to keep all of documents together, but especially if you are a business owner.  Receipts for expenses that you plan to deduct on your taxes should also be kept in one spot to prevent last minute chaos.  A great way to organize yourself is to get an expandable file, sometimes referred to as an accordion file.  Label each tab with a different month.  Place all of your documents from that month into the proper slot.  It is much easier to keep up with everything if you stick with the system.  Make it a point at the end of each month to file all of your paperwork.  Some things that you may want to keep in the file include receipts from business trips, monthly invoices, purchases that need to be ducted, and anything else business or tax related.  To make it easier to keep up with your file, be sure to store it in the same location after each use.

Using this system makes it much easier at the end of the year to grab your folder and file your taxes on time.

photo source:  Gastonmaq