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With tax season looming ahead, the All the Stuff gals Jen Turrell, Financial Personal Trainer for Women, Lisa Carpenter, Transformational Life and Nutrition Coach, along with Lisa Sharp, Empowerment Coach and Clutter Expert, share their thoughts on handling all the paperwork that comes along with owning a business.
Paperwork can overflow, and cause great stress to people. In fact, Lisa Sharp shares how most people keep way more than they need to. For example, unless you are writing off electricity as a business expense, there is no need to keep years and years of utility bills. In fact many receipts can be destroyed after only a year, without any worries. There are exceptions, but now with online billing, history is available on the internet for a lot of things.
Taking care of paperwork is really about self-care. It is time consuming, but not doing it can lead to lost documents and costly replacement fees, and intermingling of paperwork from different years, which leads to a huge mess that becomes overwhelming and causes people to not take action. Lisa Sharp’s Blueprint Program starts off with setting up a paperwork system that by the mere fact of having it, reduces stress and enhances your quality of life!
Be sure to share your thoughts with the “All the Stuff” gals in their Facebook Group, a safe place to share and connect!
You can find out more about our resident experts and their programs on their websites: Lisa Carpenter’s Program E.A.T!, Lisa Sharp’s The Blueprint Group Program, and Jen Turrell’s Money Matters Mastermind.
Resources:
Book: Worth It by Amanda Steinberg
Book: Getting Things Done by David Allen
IRS Resources – what documents should I keep:
https://www.irs.gov/businesses/small-businesses-self-employed/what-kind-of-records-should-i-keep
CRA Resources (Canada Revenu Agency) – what documents should I keep: http://www.cra-arc.gc.ca/records/
YouTube Link:
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