1. Prepare Yourself and Stay Organized
•Business expenses separate from personal.
•Business Credit Card
•Use a Separate Bank Account designated for your business.
Keep BUSINESS Business & Personal PERSONAL! Don't mix the two in case of an Audit!
2. Saving Your Receipts and Finding Them!
•Scan or take a picture of your Receipts
•Create an Email just for your Accounting items
•Meals and Entertainment are 50% deductible. So on each receipt just remember to put down the Clients name.
Every Dollar Counts at the end of the year!
3. Never Pay Cash for Anything!!! Nothing! Without a Receipt!
NEVER! NEVER! NEVER!