Month: June 2011

Getting Your Business Organized Using Google Docs

Sometimes you come across information that awakens your thought process similar to how smelling salt awakens a KO’d fighter. That’s how I felt after reading the below article on ‘Getting Your Business Organized Using Google Docs’. I am a daily user of google products, so the information in the article is not necessarily new to me, its just some of he thought processes laid out in this article are fantastic… Making it a must read.

As a person with a educational and professional background in accounting I consider myself, and am considered by others, as an organized individual; someone who helps organizations in the process of establishing systems to keep them organized. Yet this article has rearranged my thinking as to the importance of cloud computing vs traditional file folder organization.

Here are some excerpts:

…’As Merrill writes, “the root of our problem is our brain; it’s simply not designed to deal with the competing demands of our time and attention in today’s fast-paced, information-saturated, hyper-linked world.” Every day, we are all becoming more and more overwhelmed by information. So cutting through that clutter becomes increasingly important.’…

…At any given moment, your brain can hold no more than 5 to 9 items at once in short-term memory, as Merrill notes in the book. As you need more space (when multitasking) and try to remember more, your brain pushes items into long-term memory, until they are needed again. That process is far from foolproof….

…“Because of all of that back and forth, it turns out empirically that you drop more information by multitasking than you do by working on tasks independently,” Merrill says. “So not only does multitasking make you more stressed, but it makes you less effective.”…

The full article can be found here:

http://www.inc.com/guides/201105/getting-your-business-organized-with-google.html

June Tax Calendar

June 1: Hurricane season starts today. After the devastating tornadoes so far this year, residents in potential hurricane paths know they need to be prepared, both for the potential storms and the subsequent financial chaos they can cause. And if you do suffer storm losses, the IRS might be able to help you recover.

June 6: Welcome to summer.  Get your home in energy efficient shape and save some tax dollars, too. And don’t forget about possible state-level tax benefits. They could help you get a double helping of energy tax savings.

June 10: Does your job include tips? If so and you received $20 in tips in May, use Form 4070 to report them today to your employer. 

June 14: Happy Flag Day. If you need to buy a banner to fly today, you might also get a tax break. Several states exempt the Stars and Stripes from sales tax. Check with your state’s tax department to see if you can save on your patriotic display. 

June 15: If you’re not paying your 2011 income tax through withholding, or will not pay enough tax during the year that way, your second installment of this year’s estimated tax payment is due today.

Also on June 15, if you’re a U.S. citizen or resident alien living and working outside the country or Puerto Rico or are on military duty abroad, today is your deadline to file Form 1040 and pay any tax, interest and penalties due. You can file for an extension, Form 4868, to give you until Oct. 17.

June 19: Happy Father’s Day!
Dad might not say so, but he appreciates being recognized, so take time today to let him know you care. If you also show your affection by providing for the bulk of dad’s living expenses (or mom’s, too, for that matter), be sure you claim him, her or both of them as dependents on your tax return.

June 25: Are you a June bride or bridegroom? Since the withholding rates are different for couples, both newlywed wives and husbands should file new W-4 forms at work to reflect their now-married tax status. Also, if the new missus changed her name, she needs to contact the Social Security Administration to make sure her tax ID number matches her new moniker. These tasks are just a couple of ways that marriage affects your taxes.

June 30: The year’s half over. 
It’s time to get rid of stuff you don’t need and give still usable items to your favorite charity.

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