Since my last post, I’ve been consumed with prepping three sets of taxes for three different accountants, (one is for my mom), working on my goal of finishing my Lighthouse quilt,http://www.freshlemonsquilts.com/?s=light+house and blogging at least twice a week. Quilting and blogging are very near and dear to me. So let’s start with my WIP.
I finished the back.
The back is a small, checkered fabric in green and white. I split the back into 2 pieces; 1/3rd and 2/3rd’s. I pieced four inch pieces of fabric that were used in the front, and a few others that would have some meaning to the receiver, and inserted in between the two back pieces, similar to a bridge.
Who will that be? Our new unborn cousin who is due any minute. This part of my family lives in Chicago. The mother is from Texas, and the father is from the UK. Music is very big in our family, and so are our pets. The have a big poodle named Dixie.
So there are some fabrics with music notes, paw prints, and some that use those dessert colors for Texas. To represent the UK, I have ordered some Paddington Bear fabric, and fabric with Paddington’s yellow boots. The will be appliqued in on the back.
The book that inspired me to do this back this way is The Modern Quilting Bee Block Party by Alissa Haight Carlton & Kristen Lejnieks.
There will be at least one more post this week, maybe another. I will be basting this lovely quilt on Friday. Very excited. Then off to machine quilting.
So about those taxes. I knew about some of these deductions, but not all of them. I am sharing them with you below.
Did you know….
1. As an Inc., such as Hudson Valley Quilts, Inc., you have to file the yearly income tax by March 14th? REASON WHY – Other than that’s the law, the accountant who prepares your personal income taxes, needs the profit or loss number. I actually did know half of this. What I didn’t know, was that it was due Friday.
2. For your personal income taxes, you can deduct medical expenses, charitable donations, continuing education and association fees in your profession. And all your mileage to and from a medical appointment is deductible, as well as those to a charity event or board meetings. If you work for someone else and they don’t reimburse you for continuing education, and travel miles between a conference and home, it’s tax deductible.
Number two, has taken me hours and hours of calculations with mapquest.
Not to mention calculating all the co-pays, and price of those doctor visits, e-rays, and tests, such as mamograms. Also, all RX fees that you pay to the pharmacy that aren’t covered from your insurance plan are tax deductible.
Fortunately, the pharmacy will calculate that for you.
Even though I began working on all this on February 10, I still had so much to do. I finished all the work on two out of the three sets of taxes on Saturday night. So quilting and blogging took a backseat. Actually quilting, not so much, because I have challenged myself to finish the Lighthouse Quilt by the end of the month, and I am making lots of progress.
Have a great week!!