Sorry I haven't been around here in the past few days. My business is growing and it consumes a lot of time. And then there are the tax forms. We used Turbo Tax for our personal taxes, but doing my S-Corp taxes for federal and state take quite a while. I know, I should hire someone to do my bidness taxes, but believe it or not, I actually enjoy doing them. It's an opportunity to take stock of the bidness.
Speaking of taxes, I have to award some kudos to the tax assistance people at the Oregon Dept. of Revenue. They're pretty knowledgeable and have always been able to answer my questions, so if you need to call them, don't be afraid. They're very nice and helpful. Recently I received a letter from them informing me that I owed $700 more from my 2002 taxes. After spending time on the phone with the ODR, researching my QuickBooks and tax files, I was able to figure out it was their mistake. I sent them a letter explaining my position with supporting evidence. Last week I received a letter from them that stated a correction had been made and I owed $0. Moral to the story: When you get an envelope from ODR don't get sweaty palms and heart palpitations (especially if you own a business.) Just stay calm and breathe deeply because it's much easier to put the pieces of the puzzle together when you're not in a state of panic. I'll admit, though, that I did panic at first because with the biz growing I don't have a dime to spare.
In any case, I'll be back on the blog soon.
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Posted by: Robbin Glass | March 24, 2008 at 02:16 AM