I started using TurboTax to do my taxes years ago. I used to gather up my 1099s and W-2 and everything else and spend a whole day doing my taxes. Your taxes may not be as complicated as mine, but think of these forms as “work in process” (WIP). I was doing them in a big batch just before the filing deadline.
Then I started using a Lean approach. Whenever a W-9 or 1099 arrives in the mailbox, I input it into the software. By mid-March when the business taxes are finished, everything is in and my taxes are ready to file.
Continue Reading "Using Lean to Do Your Taxes"
Posted by Jay Arthur in Lean, QI Macros.
Like a lot of people, I used to put my taxes off until the last minute. Then I’d grind away for a whole weekend getting the paperwork together and entered into my tax software. Boy that was dumb.
In the last few years I’ve started buying my tax software early and inputting every W-2 and 1099 when it comes in. When the last bit of paperwork comes in, I compare this year with last year, fix any glitches and I’m ready to file.
This is a Lean approach to handling my taxes. I handle everything, just in time, as it comes in.
Continue Reading "Lean for Tax Preparation"
Posted by Jay Arthur in Lean.
