Tax Time

WOW! Aren't taxes stressful?? If you are wondering why I'm complaining about taxes in October it's because we filed for extensions which means we didn't have to have our taxes in by April 15th like most everyone else. Now the clock is ticking away. I've got until the 15th of October to get them filed. So I haven't posted in the last week or so because I've been getting my receipts all together and inputting all of the information into Quickbooks for my personal taxes and 2 S Corporations. Not completely sure I did everything correctly, but I got it finished.
I took everything over to a CPA yesterday. I tried to explain it all to him. Hopefully he understood what I was trying to say. He said it looked like I had a loss on both S Corps and that I may not have to pay any taxes but he didn't think I'd get any back either. I hope he's wrong about the getting some back part. I could really use some money right about now.

I had to gather some more paperwork for him today. This process of getting all of my papers and files in order has made me realize I really have no idea what's involved in owning your own business. No wonder so many small businesses fail. There's A LOT to keep up with, especially when you start adding entities (LLCs & Corps) to the mix.
Wish me luck...keep your fingers crossed...pray for me.