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providing graphic design, branding, photography and marketing expertise to denver and the world
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Notes from Notchcode
4.11.2007
Simplify, Simplify
Having just finished organizing all of my expenses, &c. from 2006 for late-season delivery to my CPA, I would like to ask the federal government to do what good designers do everyday:
Simplify.
While I am the first to admit that, being a one-person shop, with no inventory or property or employees to deal with, my experience at wrangling all the relevant information necessary for accurately accounting for my business activity makes me think that there must be some way of making this easier for the small business owner. What that is, I don't know; I'm not an accountant, and any big suggestions here would probably be laughed off by anyone with half a degree in money matters.
I won't let that stop me, however. What about:
Blanket allowances for expenses on common office supply goods, with itemization required above that amount. This is similar to the blanket deduction for donated items up to $500 in value. I mean, how much time do you spend this year tracking down that receipt for the paperclips you bought last January? This single category was the biggest time-suck of them all, for me, probably because when I go to the office supply store, it's because I am out of something I need at that instant, and once I get home the items get pulled out of the bag, and the bag (with the receipt inside) ends up on the floor (or worse, in the trash) before I remember to pull out the receipt and file it.
That's the one that I can come up with for now. Anyone have any other ideas?Labels: small business, taxes
posted at 10:04 PM
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