Organizing your Tax Documents

Piece of paper that says "TAX" with hand holding pen
Photo by rawpixel on Unsplash

One of the most challenging aspects of working with my tax clients is organizing their tax documents. Disorganized or incomplete tax records can mean paying a higher tax bill because IRS rules state that all deductions must be supported by documentation. Lacking documentation is a problem, but organizing all those documents can present a problem, too.

If the pain of tax filing season and gathering all those documents is still fresh in your mind, why not prepare now and avoid the pain of gathering all your tax documents? Luckily, I co-presented a workshop last month called Tips and Tools to Efficiently Manage Financial Information and Get Back to Your Clients. My co-presenter, Alexandra Suchman of AIS Collaborations, and I shared a lot of useful information to save time and create efficiencies.

Alexandra has developed a free downloadable guide to inspire business owners and nonprofits to take action and get organized. The guide provides a step-by-step roadmap to create a customized organizing system for electronic files and folders. I’ve looked at it, and this guide addresses common problem that wastes the time of individuals, teams, and whole businesses — searching for important documents. All of those five or ten minutes of searching really add up.

Alexandra generously gave me permission to share the link to the landing page where anyone who is interested can download a copy. She also shared, “I created a short video where I talk about why this is such an important process improvement.” How wonderful to get a free, handy guide for how to create a folder and file management system that works for you, plus a video to walk you through the process!

Having a system for organizing your tax documents lets you stay in control over the mountains of information that come your way, eliminating confusion, wasted time, and stress. Alexandra’s guide to organizing electronic files and folders is the perfect starting point for overcoming the challenge of organizing tax documents. Organized and complete tax records really can mean paying a lower tax bill.