Accountants can not work miracles. They can only take the information that you have provided and do the most with it. The end of the year is closing in and now is the right time to start thinking about the information you will need to put together your tax returns.
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1. Receipts - go through your receipts and pull out the ones that can be used for your taxes. You might even go ahead and break them down by categories and then add up the titles.
2. Medical expenses - bring a list of all the bills that you paid for medical purposes (and any receipts as well). This includes any doctors, eye exam or other visit.
3. Mileage – if you are self employed then make your work a part of every errand run so that you can use that mileage on your taxes. Remember that now milage for tips to the doctor can also be deducted.
4. Household bills – if you are working from home and have a designated spot where you work (a guest room, a closet or a corner of the kitchen). Deductions are allowed for what ever percentage of the entire home is compared to the percentage of your work space.
5. Neatness counts - when things are kept in order then it is easy to follow through. Keep your accounts in order so that you can still give what you need regardless of the consequences.
There are plenty of things that you can start doing now that will help you create a budget that works for your savings and future financial benefit.