Learn how you can gather all your paperwork, track what you need, and keep it all organized so you can do your taxes with less stress!
Taxes. Yikes! They’re never fun to complete, right?
You can find yourself persevering throughout the process—until you realize that you don’t have some of the paperwork ready. (Those moments make us feel even worse!)
You see, how you gather and track all your paperwork can either make your process go smoothly OR fall apart!
So how do you keep track of all your paperwork during tax season without stressing yourself out too much?
By knowing the 3 Steps of Tax Season Organization! If you want to know more, keep reading.
Who knows? Once you start applying these steps, it might also give you a breath of fresh air (Like it did to me!)
There are 3 FOUNDATIONS in making tax time easy:
How a Checklist Can Help Lessen Your Stress During Tax Season
Why Clarity Is Important
Do You Need to Be Vigilant with Your Tax Papers All Year?
The first step during tax season is to take your brain out of the system.
This means making your decisions AHEAD OF TIME. Setting up your system AHEAD OF TIME.
So when you're in the thick of it, you don't need to even remember what exactly you need. You've got a system—all you need is to follow it!
(My Paper Path Members know how essential this first step is because I keep emphasizing it in the courses!)
Taking your brain out of the system will eliminate all of that anxiety, procrastination, and overwhelm by having all of those decisions made and recorded. You're never going to question what you need to do!
Let’s create a system that makes everything clear for you will curb out all of that stress and overwhelm.
My favorite, favorite, favorite way to do this is to...
But if you’re NOT a Pathfinder, you can definitely create a checklist on your own (OR you can join the Paper Path to get your own Tax Organizing Worksheet template, and make it even easier for yourself!)
The Paper Path is only available twice a year. If you'd like to make sure to get a notification when it's open again you can sign up for the waiting list here: https://www.suzannakaye.com/Join-The-IN-Crowd
So how does this checklist work?
Just make a list of what you need, gather what you can, track your documents, and if you have one, go over it with your CPA (Your CPA would probably love to help make sure that you don’t miss out on anything).
Each year, I print out a blank worksheet and use it until I complete it for that year’s taxes. But of course, we’re free to adapt our worksheets and update them as much as we need to every year!
So make sure to have one! This is one great way to take your brain out of the system.
Besides, your brain is NOT meant to store all that information. Free up some space!
Once you’ve set up your own tax worksheet, you want to make sure that everything is super clear. It can be overwhelming if you’re not sure what the right decision is or what decisions you’ve made in the past. You might end up having papers in two places and that can be stressful.
The clearer you can organize your papers, the better.
Keep in mind that temporary is GOOD.
We don’t need massive structures and file systems set up throughout the year for taxes!
We only get into tax time in-depth for about a month or two every year, so it’s okay to have a temporary system.
Feel free to set up some temporary systems that are a little bit more organized and detailed.
BUT after tax time, you can ditch the temporary system that's sitting out and use those broad categories instead.
So no need to make sure to keep super vigilant all the time.
Temporary is GOOD.
So just to recap, during tax season:
So that is it!
I hope you’re able to implement some of these things to help you maintain your peace during tax season.
If you want a SHORTCUT to creating a tax worksheet…
You can join the other lovely Pathfinders in the Paper Path membership!
Once you become a member, I will give you access to your very own Tax Organizing Worksheet that you can use as a template right off the bat. I’ll be improving that worksheet and make sure it works for us, so join now to grab your template!
Want the inside scoop before everyone else? I'll sprinkle your inbox with the best organizing & productivity tools, tips and how-to's. And you'll get them first!
Plus, exclusive content and offers only for my insiders. Being on the list has its perks!