Bookkeeping and Tax Prep Tips for Small Businesses #3

Organize your receipts, bills, etc. on a daily basis, preferably by vendor and expense type. It will save you time at the end of the year when you file your taxes.

Make folders for your documents:

Vendors A

Vendors B

Vendors C…

Home office expenses

Medical and healthcare

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Mortgage record  (permanent asset file)

Vehicle record  (permanent asset file)

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