homeBee.png

Decluttering Tips: Preparing for the taxman

We are running a series of short, sharp tips to help you declutter your life and your office. In this first decluttering tip Angella Gilbert shows you how to be on top of your GST receipts.
PrintPrintEmailEmail

TD HTML 4.0 Transitional//EN">

Please don't be tempted to throw all of your receipts into a supermarket bag ' to be sorted one day'. It becomes a nightmare to sift through them and often you’ll find yourself wading through 'non-claimable' supermarket receipts along with your GST receipts.

Here’s a very simple way to have your accounts and receipts captured in the one place so you’re ready to prepare your GST return when the time comes.

Keep your GST claimable receipts in a separate part of your wallet, and periodically empty them out and transfer them into a plastic sleeve. Keep this plastic sleeve inside an envelope file, where you will also file all of your accounts for the particular GST period.

I find a transparent plastic envelope file is good  the one I use closes with a dome so receipts etc don’t fall out. If you also file within this envelope your client invoices, when you’re ready to do your GST return, you then have all accounts, receipts and client invoices together.

It makes it very quick and simple to calculate your return, and once it’s completed, your accounts, receipts and invoices can be filed away.

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.

About the author

Angella Gilbert's picture

Angella Gilbert - Organising & Decluttering Expert

Angella has an innate talent for cutting through the clutter and mayhem and creating organised systems in the home and business environments.
She has been called on to declutter and organise clients’ homes, offices, wardrobes, garages, and helped some to better structure their time to find that wonderful but sometimes elusive thing called ‘balance’.
So why should you bother clearing away the clutter? Well here’s what one of Angella’s clients had to say: “ I completely underestimated the value to me of getting my office organised. I have saved time and money by being more organised, but more importantly it has freed me to spend energy on the creative side of my business and I have reaped the rewards from that.”