I know everyone is just itching to file their taxes, right?! Just jokes, I know this is very few people’s favorite time of the year. And its not even quite that time! I learned a bit about taxes today and figured I’d share.
The curse of our taxes is that we no longer get a return. Since we have no employer to tax us all year, we save diligently from each cheque and pay out thousands of dollars each tax season. While its annoying, I’m very pleased that we’re in a good groove with it and after over four years of being self employed, we’ve always managed to save enough. So I’m not too choked about the amount we pay out every year. Its been what we expect to pay. A good thing about tax time for us is that Brady is still a small enough business that we can file for taxes on our own. If my numbers are right (and they very possibly might NOT be) I believe that as soon as a company becomes incorporated, they HAVE to pay to have their taxes done. And paying for tax filing for a business is a lot more than personal taxes, right? So it adds up very quickly! We can still buy a program for $25 and send our stuff in on our own. Our first year as a business, we drew up all of our tax stuff on a program, and then went to an accountant to see if we got the same final numbers. We learned a number of things from that and have been able to file on our own ever since. Yay!
As I mentioned a while back, Brady and I have been working towards moving for quite some time, and we are hoping and praying that this is our year to BUILD!! Without getting into too much personal financial information, we are VERY eager to file our taxes this year. As soon as they’re filed, we will have our final numbers needed to give to our mortgage guy and learn what we qualify for, how much equity we need to squeeze out of this house, etc. BUT according to the government websites, the codes needed to actually officially file for taxes don’t become available until February 10th or so. Keep in mind here that I’m due to deliver our third child early March. If we get good news and solid numbers, this leaves an incredibly small window of time to complete a lot of things, like meeting with builders, getting the house ready, listing it, whether with a realtor or privately, and lots of others. Would we even list before baby comes?! I feel like trying to show our place with a newborn could get a bit hairy. I don’t know! Lots to think about! We’re hoping to be able to put all of our tax info together and that our mortgage guy will be happy with that information on its own before its actually officially filed, so we can get the ball rolling sooner than later. LOTS to think about.
All of the number games aside, we still have a lot to do, whether we can get answers tomorrow or in a month. We need to paint the house. Badly! The only spare time we’ve had to do it since we actually figured out that we needed to was over our Vegas week, and obviously something much more exciting was planned, haha! So while I was hoping for a mad painting bee over a few days, Brady is booked quite solidly with work and it will just have to end up being something we do slowly in evenings and on weekends. Anyone who feels like painting, pleeeaaase let us know! I know some people really like painting, and we are not those people, lol! If anyone would like to help make this whole thing come true for us, let us know! We shamelessly accept all the help we can get!
I suppose I should have added this as a goal for this year 🙂 Be in our next house by Christmas!!!