Last week I gave you a few different ways you could track your business expenses. This week I want to offer you some guidelines on expenses or costs to your business that you can possibly write off for tax time. I know, you are probably thinking, "Rebecca, I don't want guidelines. I want one stinking easy list that I can reference for my business expenses. Either it is on the list or it is not, period." I get it, believe me I do. As an accounting professional, I would love th
Are you using to-do lists throughout your day? If not, you may be missing out on one of the post powerful productivity tools out there. It doesn’t matter if you use the old-fashioned notebook and pen, or a to-do list app on your phone. There are three reasons why they work so well when it comes to keeping you productive all day long. To-Do Lists Make You Plan When you sit down to make out your to-do list you’re forced to plan your day. You’re taking a look at everything you’r
Many businesses use the calendar year, January through December, as their fiscal year. Yet other businesses create their own fiscal years, like November through October. No matter what your fiscal year is, it is important to take a hard look at your financial records at the 6 month mark, or mid-year. This is a great way to make sure your company is financially healthy and headed in the direction you want it to. As a business owner, you may often hear that you need to look at
It's that time of year again...are you ready for your Income Tax appointment? Tax time can be stressful for anyone, especially for a small business owner. A tax professional can help you when it's time to get your taxes done, but what about preparing for that special appointment? There are piles of papers, receipts and probably a few notes in that pile too. Here are a few tips to help you get organized and ready for tax time. 1. Gather all your business receipts in one place.