Being an extremely small business owner, I constantly have an eye on the expenses. Whenever possible, I avoid spending because, even though business expenses are tax deductible, there needs to be an income from which to deduct it.
Every tax season is a cause for angst; not because of the process, but rather which software do I use? The familiar and trusted yet pricey one? Or, the cheap unknown?
With last year being abysmal on the financial front, in addition to the personal front, I decided to go with the cheap option â€“ as in 1/10th price cheap. I was nearly all the way through both my husbandâ€™s and mine taxes when I encountered an error. After attempting everything I could think of, the error could not be corrected, which meant that I could not get to the â€œPrint & Fileâ€ step.
Frustration mounted. Chocolate was inhaled.
After a moment of hesitation on my part, my husband went down two blocks to our office supply store and returned with the familiar and trusted software (and takeout for supper).
Within two hours, I had the software installed, registered, and updated; I had the data from last yearâ€™s returns transferred into this yearâ€™s; and, I had completed, reviewed and filed both of our taxes. More than a month early.
The lesson learned here is that, even though keeping an eye on the financials is always necessary, sometimes the more expensive option is worth it. Using the right tools is key to making the most of the 4-Hour Workday; there is no time to waste on subpar tools.
Next year there will be no angst. The familiar and trusted software will be purchased without hesitation. My sanity and time are worth it.
What is one business tool you splurge on because it is worth it? Feel free to share in the comments below.
Please join me on this 4-Hour Workday journey.If you enjoyed this post, consider buying me a chai tea latte. Thanks kindly.