Tips for Making Taxes Less Taxing in 2018

It’s Tax Time! More specifically, today marks the IRS deadline for filing your federal taxes. If you’re anything like we used to be, the end of March and first weeks of April are marked with stress, and scrambling to hunt down all of your receipts and paperwork.

With our 2017 taxes in the mail or electronically filed, why not commit to making taxes a priority all year to ensure that you’re not repeating your mistakes into 2019!

Here are a few tips to keep you organized throughout the year so that you can breeze through tax time next year:

  1. Check out our recommendations for How to Make Tax Time Less Taxing (and Less Time Consuming)
  2. While this is mentioned in the recommendations above, we can’t emphasize enough how important it is to keep track of your expenses all year long. Prioritizing even just an hour a month to make sure that your expense are tracked and up-to-date will ensure that you don’t waste hours of time in the future. Your Artichoke subscription already comes with expense and income tracking functionality that should be robust enough for most appointment-based businesses. If you have a lot of expense or need more advanced expense tracking, we strongly recommend our friends and partners at FreshBooks.
  3. Get ahead of your expected tax payments by checking out our Tax Calculator. This easy-to-use tool is designed to help appointment-based businesses like yours estimate your quarterly tax payments so that you’re not caught by surprise at the end of the year.

Artichoke Makes Tax Time a Breeze!

When you use Artichoke to track your sales and expenses, your year end email summary will include everything needed to complete your tax return. Total sales and expenses categorized as needed to Part 2 of Schedule C.

Artichoke also has blocks to help you with your state sales tax payments if you sell taxable products or services: Everything you need for state sales tax payments is automatically calculated with each sale and summarized for you in the sales tax block.

Estimated quarterly income tax payments is another headache Artichoke can help eliminate. By answering questions, you’ll easily calculate and pay your estimated quarterly income tax.

 

Don’t have an Artichoke account yet? Sign up today  and get 14 days absolutely free (no credit card required).

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