Blog tagline

A commitment and a challenge to spend the next year really looking at fear: Facing it and sharing about it...
What I am experiencing now, fears that I have conquered, & stories of other conquerors I see around me.
Hope ~ Inspiration ~ & great words to live by along the way.

Wednesday, March 30, 2011

Taxing Season...

Not much time to blog lately.  Not that I am fearless, all laid back, and calm this week. This time of year is tax season. Not just for us as a couple, but also for our Construction and Remodeling business ( well, the business tax return was due last month, but we did an extension to get them done all at the same time ).   Anyway, it's tax season and it is TAXING, with a capital T!  I hate, hate, hate it.   It's not difficult to do, it's just one of my least favorite things to do...locating everything, doing months and months and months of data entry, and endless reconciliations,  ( my own fault...crazy, I know...but I leave almost 12 whole months of it to cram into this time of year).  By the time it's all done, I'm about batty, and want in no way to return to any of it, anytime soon.  So...you guessed it.  I get waaaaay behind again.  Such an ugly, silly, vicious cycle.

So now that I am examining things in my life, I wonder about the horrible procrastinating I do with the bookkeeping for our company.  I'm not kidding when I say I cram a year's worth of work into the 2-3 months before our tax appointment.  It's just ridiculous and so stressful to do it that way.  Makes me wonder if there is some fear in there motivating me to not be motivated.  I wouldn't doubt it.

Having a horribly huge tax bill due a few years back could be the culprit / root for me in this struggle. We had no idea, and had to come up with many, many thousands of dollars ( that we didn't have ). It was not a fun day at our accountant's office!  That hasn't happened since - thank goodness.  We incorporated our business right after that, and have had more manageable amounts due at the end of each year now.

Even though we've had some easier years as of late, I still fear and procrastinate for a few months straight. Hey, that rhymes! If you didn't know it already, I love it when things rhyme...especially when I didn't plan it that way.  Not sure where that comes from, but it's a fun thing for me.

So, there you go.  The whole fear of the dreaded mega tax bill could be part of why I resist keeping up with my financial responsibilities. It could be that it's just not an area I'm passionate about, or gifted in, so I leave it until I absolutely have to do it.  Could be a combination of both.  Either way, I've put it out there, admitted to it, now let's see if that will help me to do things differently this year.  I sure hope so.  So far, facing things, sharing them here with all of you,  and being open has brought me much clarity and some freedom too.  I am hopeful. I would love to hear from some of you on this.  Have you conquered any ugly procrastination in your life lately?  Do you think the root of the issue had anything to do with fear??

Oh, and wish me luck, THE MEETING with our accountant is early next week!

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