Magic.Blue.Envelopes. Seriously!

Are you wrestling with a mountain-sized pile of paper receipts?


taxes
Do you dread going through them, sorting and sifting, figuring out how to categorize them for your taxes?

Do you dream of going paperless but your scanner is so slow it would take forever and a day to feed it all that paper, and you still wouldn’t know how to find the receipts later when you need to look them up?

What if I told you there’s a simple answer to your problem?

It’s Magic. Blue. Envelopes. Seriously!  If you’re in a rush and don’t want to read the detailed explanation, click on the “GET STARTED” picture to begin now.

If you’re still reading, this is what to expect when you sign up for a free trial

  • You’ll get a magic envelope (with prepaid postage) in a day or two
  • Fill it with your receipts and pop it in the mail

That’s it, you’re DONE!

When the envelope gets to Durham NC (just up the road from me), the folks there will

  • Scan your paperwork
  • Extract the important data (e.g. vendor, date, amount, payment type) and
  • Sort your receipts into expense categories

You’ll get an email when your documents are ready to view and they’ll send you another envelope.

Presto! A quick and simple way to create a customizable and easily searchable on-line archive of your important documents.

Sign up for your free trial now. If you get started before April 15th, you’ll get a special tax season offer to help you conquer the paperwork logjam.

Click here to get 30% off your first 3 months of Shoeboxed Premium (in addition to the 30-day free trial).

How cool is that? You can take the work and the paper out of paperwork today.

P.S. I just want to let you know that the Shoeboxed links here on my blog are affiliate links. That means I get paid a commission for the referral when you sign up for a free trial and/or a paid account.  In general, clicking on affiliate links (on my site or anyone else’s) doesn’t cost you any more than if you go to the vendor site directly. In this case, you actually pay LESS because the tax season special isn’t being offered there.

P.P.S. I’m a real live (and very satisfied)  Shoeboxed customer myself and I love the way it helps me collaborate with my clients. I started recommending it before I became an affiliate and would continue recommending it even if I weren’t.

Why make estimated tax payments when they’re not required?

Why make estimated tax payments when they’re not required?

Even if you’re not worried about IRS penalties for underestimating your taxes, it’s often a good idea to make estimated tax payments when they’re not required.

Why?

  1. Avoiding penalties is a good thing (!) which will save you both stress and money. But there’s no guarantee that you won’t get hit with a big tax bill when you file your return. Especially if your situation this year is significantly different from last year (e.g. you started your business, got married, got divorced, have fewer dependents).
  2. Another reason for making estimated tax payments is that it’s usually easier on your budget and cash flow (and therefore less stressful) to “pay as you go!” 
  3. Changes in tax laws from one year to another can significantly affect your  Federal income taxes and influence your decision about whether to make estimated tax payments. A recent example of this is the Tax Cuts & Job Act of 2017 (TCJA), a long and complex piece of legislation which made the most massive changes to the US tax laws in about 30 years.The IRS revised the payroll tax withholding tables on January 11, 2018 and employers and payroll services were expected to implement them by February 15th. Next steps for the IRS will be to revise Form W-4 and update their withholding tax calculator. Remember (or review here) that your withholding amounts are critical to the calculation of whether you’ll be subject to estimated tax penalties.

For a free cheat sheet on estimated taxes, click here.