I’m not sure if you heard it this week, but CPAs across the country breathed a sigh of relief with the passing of the April 15 tax filing deadline. I know I haven’t seen many of my CPA friends since the beginning of the year as they’ve scrambled to help others file correctly and get the largest return possible. Depending on when your company’s fiscal year ends, most of you probably didn’t have to worry about corporate taxes. But the passing of the individual tax deadline got me thinking about some things you should consider – for both your personal and corporate taxes – throughout the year.
A few days ago, I got into the office a little late after meeting a colleague for coffee. When I finally sat down to my desk, I had five voicemails, about 30 emails, some mail to go through (yes, I still get snail mail), and a few text messages. It wasn’t that late in the morning, and yet I already had plenty of correspondence and data floating around my desk. I think of myself as being pretty organized and efficient, but some days, it can be a little overwhelming trying to figure out what my top priority should be and where to actually start.
Information is everywhere, and I don’t just mean that there’s a lot of it. I mean that it’s stored everywhere – in the cloud, on hard drives, on any number of other various storage devices. For example, not that long ago, my wife was searching through dozens of CDs looking for a specific photo. After a few hours of loading and unloading CDs from the computer, she eventually found it, but decided at that point to start storing all of the family photos in the cloud. She thought this move would make finding specific photos easier, but now she has to remember if the photos were saved to a photo site, posted on Facebook or Instagram, or if they’re still on the camera. While cloud computing has certainly put everything a click or touch away, remembering which application to click or touch can be just as tedious as remembering on which CD or USB drive your documents are.
I remember the day my son came home very excited about a car. It was not long after he received his driver’s license, and of course it’s no fun for a 17 year old to ask to borrow the family-mobile (he knew better than to ask to borrow my sports car), so he had been looking for his own. After scouring the newspapers and car lots, he found one on a used car lot that, with a little help on the down payment and insurance, he could afford.
If you’re like me, you barely have enough time to do the things you need to do, let alone the things you want to do. Things that don’t fall into the “need to” category get added to a growing list that for me includes things such as learning another language and helicopter skiing.