Small Business Taxes
Oh boy, tax season is going to be a lot of fun this year. Not only are my small business taxes going to be much more complicated than last year (last year I made money and didn’t spend any — makes life pretty simple) , but we also have a house now and I get to learn all the fun stuff that comes with that. Oh, and the combination of home office and owning a house — those will be fun to figure out too (could have done it before, but didn’t want to bother).
I actually love tax season and love filing my taxes — mostly because I have a strong passion for filling out forms and taxes are all about forms. Major plus for forms that have lots of if, then type statements and lots of hidden steps for filling out information.
This also points out that I need to start better record keeping NOW!! so that this process is much easier next year. And, I need to track mileage better because so many trips that I make are deductible, either as a business expenses or for medical or volunteer reasons.
Wow, I’m starting to feel like a real grown up now, not only do I need the long form for taxes, but now I’m really getting into all those extra schedules and forms to go with it. Woot!