Tag: NAPO Virtual

Take Your Accountant’s Advice (or mine)

I’m writing this on Tax Day, April 15, 2024.

Did you know? I have two accountants in my life, my husband and now my oldest son.

We all have our strengths, and these two are very organized about a lot of things and especially around helping people with their taxes.  It’s funny to me, neither my husband nor my son are in tax accounting for their job, but they both help friends and family members this time of year.

And, in keeping with last week’s topic of deadlines, I will be very happy for them both when the tax deadline has passed and they can get back to a more regular schedule!

At dinner last night, I asked Greg that if he was on this week’s podcast,  what would he want you all to know? So here we go: a collaboration between my accountant, the most organized person I know when it comes to money, and me, your certified professional organizer.  Maybe some day I will get him on the podcast!

  • First up, he and I both recommend that you create a couple of file folders this week.
    • Name one 2024 Taxes, or 2024 Supporting Tax Documents or something like that.
    • Start another one called 2024 Paid Bills.
    • The 2024 Supporting Tax Documents is a waiting receptacle for anything that comes along that you need to keep for next year’s tax time.  During the year, we might receive, for example, thank you letters or receipts for charitable donations, and you can just drop those in the waiting file. In addition, you now will have a safe place to keep your 2024 tax documents when they start to arrive the end of January, 2025.
    • The 2024 Paid Bills file is for for just that – Paid Bills in 2024.  If you still receive paper bills and if you keep them after they are paid, drop them in there as the year progresses.  We don’t really need to keep them in separate folders. I mean – how often do you go back and look at them anyway?
    • These first two files need to be kept close at hand.
  • Next up, make a folder for your filed 2023 taxes, if you have them in paper form.  This file does not need to kept so close at hand, but it certainly needs to be kept.  In the safe? Bottom file drawer?  Or digitally, save them on your computer and back them up on your external hard drive or the cloud.
  • If you really want to do next year’s you a a solid, make a note of what documentation you required for your 2023 tax filing – W2s, 1099’s, interest statements from investments, etc..
    • Let’s face it, our financial life – at least the accounts, not necessarily the amounts – don’t vary too much from year to year.
    • So, 2023’s filed tax return is going to be a great place to get ready for your 2024 filing in 2025.
  • Ok, now here is the real tax advice:
    • Here is the other thing I want you to do for future you.
      • Go to your calendar on your phone, on your to-do list, in your paper calendar for 2024 on the last page that is for planning for 2025.
        • On February 1, 2025, make yourself an appointment on your calendar to check out your 2024 Supporting Tax Documents file. Look at whatever information has accumulated in there from this current year. Look at the list in there that you made for what end of year statements, wage information, etc. that you’re waiting for and start keeping an eye out for it.
        • Also on February 1, 2025, put a date on the calendar to do your taxes or to go and meet with your accountant.
  • Finally, learn from your 2023 tax experience.
    • Are you getting a tax refund?
      • Cool. That works.
      • Some people intentionally use their taxes and tax refund as a savings account.
    • Do you owe taxes?
      • Less cool, I know. But it means you brought home more pay during the year.
      • And some people just expect that they will owe taxes and plan accordingly.
    • If you would like to adjust the taxes that get taken out of your pay during the year, to also then adjust your tax refund or your tax bill, you can do that.  Adjust your withholdings with your HR department, if you have one, or send in quarterly tax payments.
    • And here is a public service announcement: if your accountant gives you suggestions on how to make the tax process go easier next time, please listen to them and take action. They are our experts and we need to heed their advice.
      • For example, I have some homework to do. I need to make changes about how I note things in Quicken, because apparently my accountant and I have vastly different definitions about what constitutes as “Owners Equity”. My accountant is honest and patient, even when I was confused. But we’ll get there.

Don’t scramble, don’t procrastinate.  Give yourself the gift of calm competence in 2025.

Meal Planning: What Is Healthy? And What Are Your Goals?

Today’s topic has been on my list for a few months now, and I am ready to share!  Over the last year, I have shifted to more coaching and less-in-person organizing, and that shift will continue. AND, not surprisingly, meal planning is still a hot topic for my clients and presentations.  Because, well, we all eat.

As I sat down to write this content, I had just finished wrapping up the dinner dishes. Two hours or so before that, in about an hour, my husband and I had assembled and cooked three separate dinners, ate one (with leftovers) and put the rest in the fridge for the next few days.

How?  Why?  And why am I telling you this?  Well, let me tell you a story!

Last summer, I rebooted my “An Organized Kitchen” presentation.  I had many speaking requests last summer for “An Organized Kitchen” and Meal Planning content and I thought it was time for a refresh.

I don’t remember a time when we didn’t meal plan. Much of my past content about meal planning is from the view-point of cooking with and for kids and my family, which is all really good content! But as I spend more time coaching my clients and thinking things through for myself, I recognize that what we eat, how we eat it, how it gets to our dinner plates – all of these impact our days and weeks and life!

I could be surprised by how many of my coaching clients want to be more productive… and eat better.  Or that want to find that next new job or career … and have better habits around eating a healthy breakfast. Or, are facing lifestyle shifts and changes, and realize that eating healthier and finding time to exercise would go far in helping them face their challenges.

I could be surprised, but I am not.

Nutrition is a building block for many other things, it is part of the foundation of our life, and we want it to be a strong foundation.

I follow personal development influencers, and a quote from Brendon Burchard comes to mind. I’m paraphrasing, but the idea was that we can start to make positive change in our lives by being intentional about what we eat. We have to eat, right? It is something we already do. While adding in an hour work-out every day 7 days a week may seem daunting, making adjustments on what we do every day anyway seems less intimidating.

In my newly re-booted Meal Planning content, we start with two questions.

  • “What does healthy mean to you?” and
  • “What are your Meal planning goals?”

There are SO MANY ideas on what healthy eating means.  Low carb, no carb, gluten free, keto, paleo, vegan, lo-cal, high volume, sustainable eco foods, plant based, intermittent fasting.

But my question to You is “What Does Healthy Mean To You?”  Because if you tell me you want to eat healthy, that can be something vastly different than what I consider healthy.  And since I am NOT a nutritionist, I would suggest you figure that out for yourself as you figure out meal planning.  Because there are SO MANY IDEAS AND OPINIONS out there, if you don’t have a way to focus in and narrow down your options, you are going to be overwhelmed before you even begin.

The second question then, is “What are your Meal Planning goals?”

Yes, goals.  Did you know you can have meal planning goals?  Meal Planning goals might be…

  • Save money. Or waste less food. (It’s estimated that the average American wastes 216 pounds of food a year. And an average family of 4 throws away $1600 in produce a year. (per rts.com))
  • Save time, have less hassle.
  • Teach yourself and your family how to cook.
  • Establish healthy habits and / or support. Or, most likely,
  • Some combination of these and others!

Just this week, two different clients reported wanting to make positive changes including meal planning. One was seeking a plan that would let her adhere to an subscription menu and eating plan that she receives via email every week on her own schedule.

For another, she works full time and wants to meal plan better for having lunches and dinners for the whole work week.

One of my sons moved back into theatre housing in Indiana last week since rehearsals start tomorrow. He stopped by and mentioned that he had spent time meal prepping after he unpacked his stuff.  I asked him those questions – What is Healthy ? And What are your goals?

For the What Is Healthy answer, he is aiming for 30 grams of protein per meal, and more home-cooked foods. His goal is to have nutritious food made ahead of time so he can pack his lunches to take to work / rehearsals, and also not have to cook when he gets home if he’s tired.  Brilliant.

My personal example: As we entered 2024, I realized that January was going to be very busy (and it was). I am not going to report out on what specifically I consider healthy eating because that is not really the point. I will say, though, that I want home cooked food, to eat well, to save time and money and minimize stress, and to not rely on take-out. And to meet those goals, my strategy was and continues to be to cook two nights a week, most likely Friday and Sunday, and make multiple meals on cooking nights to carry us through until the next cooking night.

The evening I described when I started is an example of supporting my meal planning goals.

I was home that afternoon and evening, which doesn’t always happen.  And since I knew that morning that I would have a little more time at home that evening, I pulled from the freezer some ground turkey and Polish sausage to thaw. At dinner time, we diced many green peppers, an onion and a few potatoes, browned some ground turkey, and using what we had in the fridge (left over rice plus staples) and freezer (already browned ground beef), assembled Inside Out Stuffed Pepper casserole, Egg Roll in a Bowl (a new recipe, and so delish!), and baked Polish sausage with diced potatoes, peppers and onions.

All of these recipes store well, warm up well, and are currently waiting patiently in my fridge for future consumption. We can eat well and free up time by not having to cook or clean up for a few days.  We save time, we save money, I stress less and we still eat delicious food.  Check and check!

Next week, I will delve deeper into the how-to.

So, what’s it going to be?  What does healthy mean to you?  And what are your meal planning goals?  Keep the answers in mind, and tune in next week when we talk about how to make it all happen.