And you won't spend hours of your precious time trying to locate your donation
receipts come tax time.
Not exact matches
My poor
tax lady just loves me this
time of year - I'm definitely not a fan of dealing with
receipts, random 1099s and all that good paperwork that
comes along with having to do your
taxes.
King points out another one of the many online checking account benefits that appeals to him as the owner of an accounting firm: «
Come tax time, you can download your full year's activity into a spreadsheet, categorize and send to your accountant, who will appreciate not getting a shoe box full of
receipts,» he says.
Seniors are most likely to have a good amount of money sitting in «open» or non-registered investment accounts, which means any securities can be «transferred in kind» to your RRSP, thereby generating the required
receipt to generate a
tax refund
come tax filing
time in April.
When
tax time did
come it took hours to make sense of the mess of
receipts and other documents I'd collected.
However, with so many expenses and so little
time, it's easy to lose
receipts, forget what was business and what was pleasure, and miss out on deduction opportunities
come tax time.