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The excitement never stops. *yawn*

It's funny how things sneak up on you. Like deadlines, for example. One of the girls on the office mentioned she was mailing in her taxes last week, and I found myself thinking, "Oh, yeah! It's tax time! I should get on that..."

Yargh. So, that's what I did today - and, since Jazzy girl needed to do the same, I informed her that's what she was doing today as well.

And let me tell you something. If I never have to be my own boss again, it will be too soon. Because I do my own taxes. And wading through small business tax forms - filling out Statement of Business or Professional Activities, calculating business-use-of-home expenses, allowable deductions for cars, meals, etc - RAWR! For this reason, we have accountants. Except, I didn't have several hundred dollars laying around to pay someone to do that for me last year, or this year, so I just sucked it up and did it myself. What a pain in the keester, though MUCH easier this year since only 3 months was self employed and the rest was gloriously simple with only a T4 and a RRSP slip to enter.

I understand that there are people who hate working for anyone and love creating new companies and new ventures and want to be their own boss - I am not one of them. I am happy to work for The Man as long as The Man pays me a reasonable amount, throws in some benefits and gives me some paid vacation time. I'm good with that.

Jazzy's forms were so simple - took me 10 minutes. She'll be getting a little bit back, which will be nice for her.

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( 10 comments — Leave a comment )
poshcat
Apr. 22nd, 2012 02:14 am (UTC)
Ha, I'm in the midst of filling out a T2025, so I feel ya, baby. Next up? Capital Cost Allowance, the bane of my existence. Woe!

Having said that, I hope to never work for anyone but myself (and Mr Posh, I guess) ever again. Trade-offs, we has them!
shaddyr
Apr. 22nd, 2012 06:56 pm (UTC)
Oh, honey. I didn't have to do that one. I was just a consultant and did some work from home, so even in the business world, mine were pretty simple. No product, no sales, a little less headache.

*hands you a glass of wine*

Here's to lessening the pain!
enigmaticblues
Apr. 22nd, 2012 02:23 am (UTC)
A lot of my law school classmates have gone into business for themselves. NOT FOR ME. I am with you. I want someone else to deal with the taxes, and deal with the risk.
shaddyr
Apr. 22nd, 2012 06:56 pm (UTC)
Wordy McWord, my friend.
wonderbadger
Apr. 22nd, 2012 04:51 am (UTC)
I hear you! I'm currently hung up on calculating the cost of my home office, since the mortgage company didn't send us a statement for last year and I don't know how much interest we paid. My sweetie's taxes are so easy in comparison, I save them for a treat after I've finished mine.
shaddyr
Apr. 22nd, 2012 06:58 pm (UTC)
Gah! Since I'm in a co-op, I didn't have to worry about interest, just straight out housing charges/rent. And then calculating square footage used - yargh!

Yeah, doing Jazzy girls taxes after mine were like candy. Next year though? Mine will be a 10 minute wonder as well.
peteralway
Apr. 22nd, 2012 06:37 pm (UTC)
I spent something like 15 years running my failing business (hey, that userpic shows me with one of my products!), and that was followed by a few years of other complications. This is the first year in two decades that I filled out my own taxes, without even using turbotax. I was shocked at how simple an straightforward it is again. Coulda done it in under half an hour if I weren't being paranoid and triple-checking everything and comparing stuff to last year's printouts.
shaddyr
Apr. 22nd, 2012 07:00 pm (UTC)
Nice rocket! :)

I grok paranoia. I do the same thing. I do them, then I give them a quick once over for anything obvious, then I start over and do them one more time to make sure I didn't F*ck up.
retro_rider55
Apr. 22nd, 2012 08:21 pm (UTC)
I have a friend who used to work for Revenue Canada, and was Girl Friday for the jewelry company she worked for for 14 years, including doing their bookkeeping; she now does taxes to earn pin money on the side & chargers reasonable rates. Amy Hearn can vouch for her. I can hook you two up if you like.
ladyniko
Apr. 24th, 2012 04:46 pm (UTC)
Oh, I don't even bother trying to do my own taxes. Being an IC means I get to discount like everything I buy that's remotely business related - including going to Archon, since that's a working con, not a relaxation event for me. Then, you add in the stock form I get from parentals - too many numbers to juggle! :-p

So, thankfully I have a friend in fandom who did mine for $155 - and she knows what she's doing vs. one idjet at H&R Block who looked at the stock form & said, "Uhm, what's this?" He also didn't think I could deduct my education and my medical expenses since they weren't huge amounts.
( 10 comments — Leave a comment )

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