Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts

Monday, March 30, 2009

Trying To Do Business Taxes By Myself:

Bad Idea.

Starting An S-Corporation When I Don't Even Make Enough Money to Break Even Let Alone Pay An Accountant: Worse Idea.

Waiting Until April To Figure This Out: Worst Idea.

*****

Asking A Friend For An Accountant Referral: Slightly Better Idea

Dissolving the S-Corp: Quite Possibly a Good Idea

Not Worrying: Definitely A Good Idea

Making Plenty of Money to Pay An Accountant: Fantastic Idea

Sunday, March 2, 2008

I Need $2000: Update

A few weeks ago I talked about needing (or wanting) $2000 for a trip abroad this summer. I had decided that I wouldn't compromise my savings goals and I wouldn't overdraw from my emergency fund and certainly not put it on credit. I outlined ways that I could gather together the money from miscellaneous sources and found that I could only come up with $1600. Now, $1600 is pretty good but I was still short $400. At that point I decided to leave it up to the Universe to deliver.

And boy, did it deliver!

I did my taxes this weekend and it turns out I am getting a sizable refund this year- to the tune of $2200 (and that's not including the economic stimulus rebate). Last year I owed $1500 so this time I wasn't counting on much of a refund. Thank goodness for rental property depreciation and itemized deductions!

One might argue that this isn't really the Universe's doing, it's just me not being fully aware of my financial situation. That's ok. As long as it's a pleasant surprise to me, I will accept it as a gift and rejoice. Yay!