It is never too late to start a new habit!!
Tax Time is like New Years for your paperwork, making resolutions to be better at keeping all of your receipts so that you can potentially have more deductions in your next tax return.
Nearly two months in and how are you going with your tax time resolutions? Keeping track of your work related deductions can start with the one thing that most of us do not leave home without…. our phones.
Whenever you purchase something that could be work related, take a photo of the receipt and email it to yourself. Some businesses will even offer to email the receipt to you (just make sure they are not passing your details on to email marketing firms). Start a folder in your emails or desktop called ‘2018 Tax Receipts’, and save all emails or photos in there.
Voila – a simple filing system with all of your purchases filed almost instantly, and more importantly, all in the one place. No longer will you have to search through your many junk drawers where paperwork goes ‘to be filed later’ (or is that just me?!).