It's my least favourite month, coming up to my least favourite day.
Yep, income tax day or what I call Guilt Day. Not because I'm guilty of doing something illegal, but I feel guilty trying to "claim" every thumb tack, paper clip and sticky note that I can to recoup the taxes that were stolen, I mean removed, from my wallet by the federal government.
And this year is the first time I have to do taxes for my Coffee's On business. I finally got my personal income tax figured out and now I have to work through the obstacles and jump through the hoops of business deductions.
Capital expenditures, depreciation, earned income…it's all Greek to me. This year, I have to keep track of my mileage, my gas receipts, my HST both collected and paid, and my purchase of every little thing that might be business related.
Thank heavens for accountants who enjoy facts, figures and government doublespeak. While we may snicker at the number crunchers for 11 months of the year, the keepers of the bottom line are heroes each April.
We'll pay anything to avoid the paperwork and then expect our accountants to find every penny they can. It's not good enough for the financial gods to provide black and white advice on saving us money. No sir, we expect them to see the greys of accounting. We want them to offer up Creative Accounting 101 – as long as we don't get audited.
So, what are my promises for next year? I promise to faithfully keep track of all purchase orders and invoices. I promise to place all receipts in a folder in an orderly manner – maybe even on a monthly basis. I promise to submit my paperwork before April 30. I promise to tell the truth, the whole truth and nothing but the truth to my best buddy, my accountant. Yeah, that's not going to happen. Unfortunately, my accountant will have to earn his money from this taxpayer.