Start Up Kids Line

Yearly taxes; the final spring sweep up for our business

April 16th, 2007

The advent of yearly taxes has forced us to finish up our spring cleaning. I couldn’t be more thankful. I feel like we’re getting a little bit of control back. Going through this exercise, coupled with mis-placing important papers over the last couple of months, has been just the slap-in-the-face we needed to get the business paperwork together.

To create a method for the madness, for the madness will never subside.

I’ve learned that I need to keep much better records of our every move. I’ve learned that there is a lot I don’t know, so “bookkeeper” is high on our list of must-hire goals / priorities. But we’re alright for this year considering we’re still a small company. And I kept receipts and bank records help on the double-check.

Taxes are this great big black cloud that just hovers until the fateful day arrives. The silver lining is that mounds of papers have now been properly filed and it feels like my head got de-cluttered at the same time. We’ll be going back to our tax accountant next year, guaranteed. Especially since we plan on being a much larger company. I guess this isn’t much of a helpful-post business-wise, unless someone out there gets motivated to keep track of everything from the get-go. Every thing, every thing, every little thing.

I can’t believe how stressful it is. We’re in the home stretch. And we have to be, because I’d really like to make it to the textile show tomorrow.

Besides taxes, there is so much admin stuff that has to happen today it’s crazy. Go girl, just keep going.

          

Entry Filed under: Planning beyond the collection,The Tools You Need