Here we are heading towards the end of another year, this month marked three years of me blogging. I started this blog in December 2008 and it has come a long way. Each New Year I tell myself that I will keep my spreadsheet up to date for product reviews so that when end of year comes all I have to do is run some totals using formulas in MS Excel, and just like every year I do not keep up with the spreadsheet which means I find myself going through my blog product reviews category to document what I received this year. Yes, we pay taxes on our products as a blogger — so really they are not “free” products, but rather an asset/income total for our Schedule C each year. *sigh*

Not only do I need to run totals for products, but income totals must be done. I have to run reports from two places I use to keep track of my revenue and match them up. I love accounting, but never finished my accounting degree in college so I will hire an accountant to handle my filing portion of the end of year process. I do ensure that I have all of my totals and reports ready for an accountant to review and file, because I prefer to be in charge of my own totals to ensure that I never have to question if someone else is doing it correctly or not. I just can’t file all the necessary documents on my own nor do I know what write offs count in a work at home environment so that’s where the accountant comes in handy.

As I gear up for 2012 and wrap up 2011 it also means revamping my policies, determining limits on product review totals for 2012 and so much more. I have to look up various monthly holidays and focus my editorial calendar around what’s hot each month. I love end of year because it’s a great time for me to see where I am at with my business goals and I have big plans if my totals doubled last year.

How do you handle end of year? Any big plans for your blog or business in 2012?

Enhanced by Zemanta

Enter your email address:

Delivered by FeedBurner

Create Your Free Wedding Website

Written by brandyellen

NH Mama loving life. Co-Author (w/ my daughter) of Positive Girl - The Power of Your Thoughts. Fueled by coffee, great convos & optimistic thoughts! Brandy Ellen, Virtual Assistant is a work from home entrepreneur. Question about this post or something found within it? Read my Disclosure Policy as well as Terms of Use.

This article has 1 comment