Thursday, April 14, 2011

I'm not going to whine ...

but I will say that taxes this year are hurting my head. Plus I'm pretty sure that I have to figure out estimated taxes for the 1st quarter of 2011 by tomorrow. I don't know if the tax return deadline of April 18 applies to estimated taxes, too, and the IRS web site is down right now (no surprise). [Edit: the estimated tax deadline is also 4/18.]

I do think that I will finally be able to set up a decent tracking system for expenses so that Schedule C will be a lot easier to do in future years. I've been browsing different software programs, but I think that if I can just get the right spreadsheets set up, consolidate my spending to downloadable electronic formats (i.e., my business checking and PayPal), and never use cash for business expenses, it will be so much easier. I'm also planning to spend some time reading sites like Money Crashers and Basic Accounting Help to figure out some of this stuff. I'm actually feeling a little excited about learning more about accounting, which is a first.

It really wasn't my intent to leave taxes till this late, I swear. We usually do them in March, after I've recovered from the first round of tax frenzy prompted by the state business tax deadline of January 31. But my husband had the flu for a week before I came down with it, so that was three weeks where the household was just trying to tread water with one functional adult.

On a related business-y note, we've launched the My Better Earth blog, which focuses on helping handcrafting businesses to grow. I'm one of the primary writers, so some of these business-related ramblings may evolve into full-fledged posts over there. We'll be posting about twice a week at first to build up some more content, and then settle down to a weekly schedule.
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