Success in 2021 - Day 46 Spend a Little Here, Spend a Little There

Last Update: February 21, 2021

Welcome Everyone to Day 46!

It was time to get my 2020 taxes done. Hooray!

What I learned this time doing my taxes was how all the little expenses really added up.

We don't notice it as much when its spend a little here and spend a little there, but when it stares at you with all your business expenses in one place it gets your attention or at least it got my attention.

Most expenses were reasonable and some definitely needed items.

I decided there is one recurring subscription I will not renew later this year.

Another one, I am undecided and I have until August to decide to keep it or cancel. Time will tell.

So I submitted my federal tax forms electronically for free and was able to schedule when they can take my tax payment in April before it is finally due and the money is already in the bank, but if I need it in an emergency, its available for a few months.

My next blog post I will go over some economic issues I am looking at that may effect what I do with my businesses this year.

The world sure has changed over the last year and uncertainty continues across the world.

To Our Success!

Mel Waller

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JeffreyBrown Premium
Yes, Mel! The dreaded taxes are something else that I still need to worry about too!

Jeff
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MelWaller Premium
Turbotax sure makes it a lot easier than doing it only by myself. You'll get 'er done Jeff. :-)

Mel
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JeffreyBrown Premium
I know, Mel! At the last minute as usual!😳

Jeff
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MelWaller Premium
Jeff, well if you owe, like I usually owe at least the Self Employment tax then they can wait until the last possible day to receive our $$$. :-)

Mel
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JeffreyBrown Premium
You are exactly right, Mel!

Jeff
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drjec Premium
You are sure right about changes in the world. I feel that the learning and doing the online business has helped me get through it.
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MelWaller Premium
Great to hear of positive results, Jim.

Mel
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Only1Hugh Premium
The US Tax system always sounds so foreboding.
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MelWaller Premium
Thanks for sharing Hugh. The changes can be challenging to keep up with. :-)

Mel
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Christorv Premium Plus
Tell me about it, Hugh- so much work whether you are in the country or outside- the tax follows you with accompanying changes lol
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SamiWilliams Premium
I think everyone has been dinged with events that have happened.
There are some things I will also discontinue as the year passes.
However, I expect to add a few along the way.
Sami
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MelWaller Premium
Thanks for sharing Sami!

Mel
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