De-Clutter for Tax Season!
Nobody likes tax season, but it’s a necessary evil. According to IRS estimates, approximately 128.7 million people will be filing individual tax returns by the 15th of April 2024 deadline.
Do you know what this means? It’s time to de-clutter for tax season and get your business storage underway!
In this blog, the team at Wilson Storage Solutions in South Thomaston, ME, has shared a few tax season organization tips to help you ensure you’re de-cluttered and ready to file with ease.
When Is Tax Season In The US In 2024?
On the 8th of January, 2024, the IRS announced that the start date for the nation’s 2024 tax season is the 29th of January, 2024. On this date, the agency will start accepting 2023 tax returns.
If you plan to file your taxes with a tax professional or software company, you need not wait until the 29th. Instead, you can file your return early with them, and they will file it on your behalf later in January.
Additionally, as you know, the last date you can submit your 2023 tax returns for processing with the IRS is the 15th of April, 2024. On this date, you can also request a tax extension, and if you do so, the due date for extension filers is on the 15th of October, 2024.
Evidently, you don’t have that much time before you need to begin the de-cluttering, storage, and filing process.
Three Business Storage Tips To Help With De-cluttering For Tax Season
Now that you know tax season is closing in on you, it is time to learn more about the storage solutions you have access to that can help make your 2024 tax preparation easier.
Below, we’ve shared three of the best business tax filing tips surrounding storage and de-cluttering that you can consider.
De-clutter Your Workspace
One of the best tips we can give you to help with office organization this filing season is to de-clutter your workspace. A clean work environment will help your business efficiency and ensure you don’t miss any pertinent documents when filing. After all, you can prepare your taxes more easily in a clean environment than in a cluttered one.
Luckily, all the clutter in your workspace can be easily boxed and stored at a secure facility. This way, you needn’t get rid of your possessions but keep them safe and secure until you decide what to do with them after tax season.
With the right storage company like Wilson Storage Solutions, you’ll even be able to choose the unit size and only pay for the space you need.
Find A Place To Store Your Tax File Boxes
Did you know that the IRS recommends keeping your tax documents for a minimum of three years if you’re filing for a credit or refund and seven years if you filed for a loss? This means you will be left with quite a lot of paperwork that needs filing, which can take up a lot of space in your work or home office.
That’s why one of the best storage tips we can give is storing your tax documentation boxes at a trusted storage facility. Not only will this de-clutter your workspace, but it will also guarantee your files are in a safe space if you ever need to use them in the future, eliminating the stress of misplaced documentation and unnecessary crowdedness.
Use An Accordion Folder To File Tax Documents
It’s no secret that businesses have more tax documentation than individual tax filers in most cases. This means that if you’re filing your business tax returns this year, you likely have a small (or large) stack of tax documents to keep safe.
We recommend using an accordion folder to file your tax documentation to ensure you don’t misplace any important documentation that could get you into hot water. Based on how much paperwork you have, there are two ways to use this type of folder:
- Have one accordion folder per tax year. You can place labels on your folder to clearly differentiate between various sections. For example, file placements could be labeled returns, receipts, and T4s.
- Use one accordion folder for multiple years. You can use a single accordion folder for all your filing needs if you don’t have too much paperwork. For example, after filing your business taxes for 2023, you can keep a copy of the return in the file section marked 2023.
Ultimately, using an accordion folder makes filing easier and storage more seamless. If your tax documentation is neatly filed in an accordion file, you can easily store it in boxes in a storage unit for safekeeping.
Let Wilson Storage Solutions Meet Your Business Tax File Storage Needs
Wilson Storage Solutions in Thomaston, Maine, can help you during the 2024 tax filing season by providing a safe place to store your documentation.
We have various storage unit sizes to meet your de-cluttering needs. We’re eager to help Thomaston residents identify the unit that best suits their safety needs, budget, and preferences.
So, visit us or contact us here and let the Wilson Storage Solutions expert team help your business.