May 22 2024 03:51 PM
It's Tax Time at our house.
I wish to improve the ease of record keeping.
May 23 2024 06:53 PM
Your post may not mean much to a person outside the United States, where we are required to complete and file our tax returns.
But your post is vague. What part of record keeping do you need assistance with? Classifying income- and expense-related documents? Determining how long you are required to keep documentation? Those questions are best answered by a tax advisor.
The US Internal Revenue Service has this to say about gathering your documents in preparation for completing your tax return: Gather your documents
You could maintain data on relevant documents in a workbook, and add entries throughout the year. For example, some of the data that you might capture into a worksheet for deductions include:
Your tax advisor can suggest better terminology, and other information to capture.
More information from the IRS: Credits and Deductions for Individuals; Business Credits and Deductions