|By Matt Hunsberger|
My husband already knows this all too well, but now I’m admitting to you all that I’m a fearful person.
I’m afraid of heights (there’s a pill for that), I’m afraid of flying (pill for that, too, please), I’m afraid of the dentist (laughing gas for that), I’m afraid of giving blood - or rather, the fainting that goes with it (I’m a fainter), and I’m afraid of big social gatherings (there’s alcohol for that).
But at this point in the growth of my business, it’s time to file for a Tax ID. I know I should have done it a long time ago, but I haven’t, because, well, I’m afraid of that too.
Since the “creation” of Believe Notes, I’ve been going about my business without a whole ton of accountability. It’s scary to admit that, but it’s true and I’ve been very, very casual about how I do business. I feel like once I have a Tax ID, I am no longer just somebody that’s doing this design thing casually, but somebody that has a real business and is being held accountable by those crazy Tax people. I don’t know who they are, but damn, they are scarier than the dentist.
Last year I actually reached out to The Company Corporation to file for a Tax ID number. I even paid the fee and filled out all the forms, but then, right at the end, I got cold feet and shredded the paperwork. I’m not proud of that. But for some reason I am just really, really afraid of the whole tax thing.
I think part of my fear of taxes is my fear of failure. I’m terrified that I’m going to fail at my business because I’m not good enough at paper work and bookkeeping. I mean, I love stationery design, why can’t I continue doing that without having to bother with the paper work? (Hint, hint, I think it’s illegal)
So this year I am doing it. I am filing for my Tax ID number. We’ve already made an appointment with our tax guy – OK, so I chickened out and couldn’t make the appointment myself, luckily I have a husband that did it for me (and then bought me a lollipop and juice box too).
I’ll also be honest and say that I probably wouldn’t have decided to file for my Tax ID number if it weren’t for the fact that I need it to register for attending the National Stationery Show, happening this May. My desire to attend this year, and meet all my fellow Mintie designer friends, has far outweighed my fear of the tax gremlins. Thank you, Minted & the Minted Community for giving me the boost in motivation to go ahead and start this process. You’re all so inspiring, and truly, while I don’t want to let myself down, I really don’t want to let you all down either!
So, up until I meet with our tax guy, I’ll be considering things like possibly changing my business name to be my personal name – what do you think of Jackie Mangiolino Design Studio? I don’t know. It seems a little too real for me! Ha, see, I’m already chickening out…..But really, I want to keep things as easy as possible, and if the tax people say a different business model/name will be easier, well then I’m doing it!
Anyway, were any of you as afraid as I am? Is this going to be as painful as I’m anticipating? Is the bookkeeping really impossible? Do you have any tips?? I could certainly use some encouragement