Monday, June 15, 2009

It's back to school!

We have owned our own buisness for almost 4 years now. This picture depicts what the IRS or each tax season has done to us. In utah our accountant was retired and did taxes out of his home. For three years he charged us $75 and was able to get us what we thought then was a very nice refund. Since we've moved to Prescott Valley our refund has reduced drastically. Last year we qualified for the extra child credit, for each child $1,000 was given. We had 3 children at the time and all of our friends were getting about $5-7,000. Not us we got a little over $2400. This past year was the kicker. Due to the "supposed profit" of the company our personal tax was pushed once again into a higher tax bracket. It was quite a surprise when we were told what our refund was for federal (never been that low before), how much we owed for state and then what the accountant was charging us.

All I can say is that WILL NOT happen again. I have gone back to school. This past spring I really wanted to start my future accounting degree. I was very dissapointed when registration came and went and we just didn't have the money to do it. I actually cried myself to sleep one night. Hind sight is 20/20 finals ended up being the week Brayden made his entrance into this world.

Several weeks ago it came to my attention that this same class was being offered thise summer. I signed up and am starting my 3rd week into ACCT 115. I knew a summer class would be a bit of a crunch but I didn't quite realize how much. It's been 11 years since I've taken a class and am a little out of practice. I am finding it very difficult to spread my time between reading 2 chapters, completing 2 homework assignments that take me 3-4 hours each and complete 2 quizzes (in 5 days), while at the same time do swim lessons, babysitting, doctors appointments, book keeping for the buisness and just being a wife, a mother, chaufer, maid, and cook to a family of 6 now. Yesterday at church it was brought to my attention that I haven't answered emails in over a week and haven't been blogging. I just had to laugh. The past 2 weeks have been a little overwhelming. So until my class is over (6 more weeks to go) blogging and answering emails are being put on the back burner.

The bright side of this new chaos to our lives is that I am learning many new things and it will help with the upcoming tax year. I won't be going back to school full time but I do hope to continue to take classes each semester until I earn a degree. I would much rather the money we currently pay an accountat to go into my pocket instead.


Camille said...

well it hasn't been "THAT" long. :) But thanks for the updates. I knew Maddies b-day was coming up but I didn't notice how soon it was..
I think its great that you are going back to school. I have talked of it for years and then talk myself out of it. I just told jonathan the other night that I'd like to do some online classes and get a secretarial cerificate or something. I would enjoy going back to work once the kids are in school and working for the school district would be great. :)

You always do fun FHE. i don't think of what we'll do till 3-4 monday afternoon! So it's always small and last minute- if at all. I need to get better at that.

Lastly, since I am too busy to post on each ;)
That pool looks like a blast. I wish they had ones like that here in Vegas. That is like the new one in St. geoge we went to. Do your kids have more lessons coming up or are they done?