There are things at the shop I am super good at. There are also a few things I am not good at. My weakness is numbers. Hubby has been freaking out about taxes. I did not see an accountant before I started my business. Part of the whole preplan and organize thing, blah, blah, blah. He did not believe I knew what I was doing. My plan was to pay my state taxes on line. When I got on to do pay the taxes I could not figure out what all I needed to complete on the forms. I knew I was late. It just did not seem like a huge deal to me. Well, it is to Hubby. He has been FREAKING the heck out. How my business will be closed down. I will be fined. Blah, blah, blah. He insisted I should be paying State Taxes, County Taxes, and City Taxes. He would not believe me when I said that was not true. He does not trust that I research stuff.
Today I had an appointment to see an accountant. I spent the morning working with all the numbers from July. I knew there had to be a way to total sales and from that figure out what taxes would be. I could not figure it out. The way I did it took about 4 hours. Mondays are slow so it was the perfect time to work on my paperwork. Had it done in time for my appointment.
The first thing the accountant showed me was the formula for taking total sales and figuring out what the correct tax would be. That wiped out the four hours I wasted going over the numbers. Next he went through and showed me how to pay the taxes on line. I was able to come home and get my taxes paid.
Here is the most important part of the very short meeting I had. I was using the taxes correct amount for my taxes. I was right that the only tax I need to pay right now is State. Hubby was freaking that I should be paying quarterly. I kept saying no. He never believes that there are things I know. Not going to lie, love being right. I did not make a huge issue of my rightness. No happy dance. Sure I am bragging here. He does not read my blogs. So this is my happy dance.
The cool thing is, I know how to keep track of my income, figure out my correct taxes, and pay on-line. That is so awesome. Makes me very happy. I love learning all this business stuff. I also learned what I need to do at inventory time. It is so exciting to me. Learning all the things about having a business. Fun stuff!!
I saw a couple of my brothers on Saturday. One has not even been in the shop since it opened. He lived less than two blocks from my shop. Seriously! So the brothers are asking me how it is going. Finally, the brother that has never been in my shop asks if I am making any money at all. Earlier I blogged about how I know there are people that are sure I am going to fail. I would rather it not be family that is doing it. I explained I am making money. I have good sales. Right now I am putting quite a bit of the money I make back in the business. I also explained that retail sales cannot be looked at on a daily basis. I do not think they are on Team Coco's Sweet Shop yet. That's fine. This is about me. I am not doing it for their approval. (I would enjoy their approval for a change.)
Life is full of negative nellie's. I used to be one. Not anymore. I drank the water. I am a believer!
One more time: I was right, he does not have a clue. That really feels great.
Hi five, Sister! Good for you!
ReplyDeleteAnd I love it that you are right!!!
ReplyDeleteWay to go, Jane. You are our hero.
Hockeygram
Hockygram is my work hero. She literally stuck it to the man, no really she taped an out of state POA on the door of the print room. IT was awesome. She is my hero ;)
ReplyDelete- Easy Rider
Way to go Hockeygram. You are a rebel. Sounds like the beginnings of a civil war.
ReplyDeleteCandy Lady