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As explained in our last post, WPS Office Spreadsheets can be an invaluable tool for SMBs. But even if you aren’t a small business owner, you can use the app to make your life easier when it comes to preparing to file your personal income taxes.
Few people like dealing with tax preparation, so whatever you can do to simplify the task can pay dividends at filing time. Personal tax prep definitely falls into the category of “a stitch in time saves nine.” That’s why you might want to consider office productivity software to help take the headaches out of your tax-related documentation process.
One tool that can be particularly helpful in terms of tracking data that can help you come tax time is a Microsoft Excel spreadsheet. WPS Office Spreadsheets are 100 percent compatible with Excel and offer users many additional advantages, including the ability to leverage free added cloud features so that you can sync your MS Office files on both your PC and mobile devices.
As a personal/home user of WPS Office, you don’t have to worry about many of the concerns of small businesses, such as filing quarterly taxes. But you can still use WPS Office apps to greatly simplify the process of organizing and managing your tax-related data.
A great way to do this is to use Spreadsheets for budgeting by tracking your monthly expenditures. By doing this, you’ll be able to review your sums in different categories, so that you can sort out which ones are deductible expenses, such as childcare expenses and contributions you make to charities.
In fact, you can even use multiple sheets in Spreadsheets so that you can keep track of deductible expenses separately. Once you’ve set up Spreadsheets, the program is designed to handle the number-crunching through formulas, making the whole process much easier to manage. Plus, by doing your due diligence with the help of Spreadsheets, you just might save money by identifying deductible expenses that you might have otherwise missed out on.
Ready to get started to make 2017 taxes that much easier? Here’s what to do:
As a personal/home user of WPS Office Spreadsheets, you’ll find that your small efforts on the front end will pay big dividends each spring as you prepare to file your taxes. Instead of a frantic scramble to gather receipts and crunch numbers, you’ll have all the data you need right at your fingertips, allowing you the best chance to maximize your itemized deductions. This type of record-keeping is so simple that it would be foolish not to do it—in 2017 and beyond.
With WPS Office Spreadsheets in your tax-prep toolkit, the process of filing quarterly and annual taxes for your SMB becomes an automated breeze rather than a painful burden. And that means that you can keep your focus on what’s most important: growing your small business into a successful competitive operation.