Yay Me!

I just needed to share a personal, yet major, accomplishment with all of you. I have been doing my own taxes (with the help of some software) since I was 18. In the past it only took a short amount of time to fill them out, submit them and then rack in the refunds. Last year was a tiny bit more difficult with the addition of the wedding business, but since we didn't make much money, taxes weren't really much of an issue.

This time around, however, I am pleased to announce that Elegantly Expressed had a great year in 2009 and we surprisingly made some money. I did not wish to pay more in taxes than I actually made though. Therefore, I spent upwards of 14 hours (2 whole Saturdays!) working on paper work, sorting receipts, adding up utility bills, calculating miles, etc. I then spent a couple more hours putting all the data into itemized deductions. In the end, I am pleased that my efforts paid off and I am actually receiving a small refund.

When I hit the submit button I was so proud of myself! I couldn't believe that I had waded through the financial wording and 30,000 documents to really succeed in doing my own taxes! I felt like this was a major big deal for the girl who nearly flunked pre-calculus in high school. Plus, it gave me hope that I might actually be capable of owning my own business.

I now understand what I am up against and have started a system to make it easier on myself next year. I am organizing my expenses differently and starting a new spreadsheet before the crazy summer hits and hopefully next year things will work out even better!

I don't usually pat myself on the back, but this time I can't help it. YAY ME!