Don't get Stuck with an Unexpected Tax Bill

Make sure you save for taxes.. I did this by creating a new account called taxes... Since I am self employed it can be a shock at the end of the year unless you track and plan for it with money tracking... instead of using real money and moving it to a savings account like I used to trackin to keep track of the taxes I will owe at the end of year. I now keep the real money and use it as cashflow but plan to have that money liquid by end of year with money trackin.. All you have to do is create a new account called taxes.. then just add a negative amount that you calculate each time you pay yourself to the taxes account. this will give you a better idea of your real financial situation so you can make smarter choices and not think you are richer than you are costing you later in interest with the government.
Tags: tax
Inserito il 17-12-2008 22:54 | 1 Commenti | Preferito 0 volte | Segnato 0 volte come inappropriato


#1     Check out my blog and join my email list for more money saving ideas!
Inserito il 17-12-2008 23:17

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