Hi Everyone,
On the topic of consistency -
Mike Leeds, one of the sales trainers here in Arizona, spoke about consistency for the point of sales people and their efforts to obtain clients / sales (see here). I want to talk about consistency in a different point of view - both his and mine getting you successful results.
Consistency counts when you are talking about your tax returns, about your bookkeeping, and about how you manage and organize your receipts.
If you ever get audited by the IRS or state government it helps your case if you can instantly pull out a receipt or find a check that the auditor is looking for. If you can't find them and make an auditor wait, it normally 'seems' to an auditor more likely that you will not find the backup that they are asking for. It is similar to when on one year of a tax return you report an expense one way and then change that method for the next year. The auditor will ask questions. (And, by the way, so will any good CPA! We notice things like that so you won't get audited!)
It is important that you have good professionals on your side helping your keep things in an organized manner. This may mean hiring a bookkeeper, a professional organizer, a good CPA or even just an assistant to help you.
Remember, saving money may be good in the short term, but if it costs you an audit, or worse (penalties and interest and more in tax!) it will be worth the cost.
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