Track Your Write-Offs with Ease
Have a zippered pouch, accordian file, or set of labeled folders to have a "home" for all those receipts. Are some digital? Make sure to back up an organized folder on your computer.
Ideally, come tax time, you should have only one or two "homes" for such items… no digging, no sorting, no freaking out.
Consolidate your methods of payment. Have a million ways clients can pay you? No wonder you're freaking out!
I recently met a fabulous entrepreneur who was very intimidated about doing her taxes and keeping track of all the forms of payment she received.
Intrigued, I asked her why she found this difficult.
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