Posted by terrie/IN on 2/27/11 1:37pm
Msg #374438

excel spreadsheet for tax purposes

This year I want to try and be alittle more organized so I am not stressing out at the end of the year for tax purposes. Does anyone have any good advice on how to keep track of everything on a spread sheet. What now all I have is all more orders and mapquest with mileage for every closing I did. But I want to try and simpilfy things for my accountant. Any suggestions. I don't know much about quick books. Is that hard to set up.

Reply by Shoshana/AZ on 2/27/11 2:06pm
Msg #374439

Check your email. I apparently am not permitted to name the software that I use.

Reply by Dennis_IN on 2/27/11 6:24pm
Msg #374459

Quickbooks is so easy to use! It provides all the reports and even imports into Turbo Tax. I love it. The snapshot allows me to view a variety of reports at once, income, expenses, A/R and is customizable. I would not want to use excel to track my business.

Reply by Queen_TEA on 2/28/11 6:38am
Msg #374491

It is a great idea to also track/count your stamps as you are not required to pay taxes on income related to the notary act as you are a civil servant.

Reply by pat/WA on 2/28/11 10:38am
Msg #374503

Is it your stamps or the number of signatures you notarize? Sometimes there are more than one signature of a document but only one notary stamp

Reply by Linda_H/FL on 2/28/11 10:46am
Msg #374505

In FL it's per notarial act, not per signature. n/m

Reply by CopperheadVA on 2/28/11 11:09am
Msg #374513

<< you are not required to pay taxes on income related to the notary act >>

I thought that applied to self-employment taxes ONLY?

Reply by Linda_H/FL on 2/28/11 11:19am
Msg #374514

That's right Linda...good catch...missed that....apologies.. n/m