Tax Time Without Records? How to Properly Create Support and Estimates
As an entrepreneur, running a financially healthy business is the goal, so part of achieving this lies within making sure that you aren’t underreporting income or overstating deductions and have the evidence to back it up if the IRS comes calling!
IN THIS EPISODE, WE'RE MAKING SURE YOU'RE COVERED BY DIVING INTO:
• Why you should track income and deductions as you go.
• Why you should save all supporting documents.
• How to keep all of your records both digitally and manually.
• How to properly prepare estimates when records aren’t available
Brought to you by @switchandboard
As an entrepreneur, running a financially healthy business is the goal, so part of achieving this lies within making sure that you aren’t under-reporting income or overstating deductions and have the evidence to back it up if the IRS comes calling!
In this episode, we're making sure you're covered by diving into:
• Why you should track income and deductions as you go.
• Why you should save all supporting documents.
• How to keep all of your records both digitally and manually.
• How to properly prepare estimates when records aren’t available
• Why you should track income and deductions as you go.
• Why you should save all supporting documents.
• How to keep all of your records both digitally and manually.
• How to properly prepare estimates when records aren’t available
Brought to you by @switchandboard
Need more? Our team has put together a free resource library to save you valuable time and energy in your business!
Need more? Our team has put together a free resource library to save you valuable time and energy in your business!
Ready to get started with Quickbooks? Use our referral link.
If you're ready to outsource your Accounting and/or Tax prep needs go to www.littlefishaccounting.com
Find us online:
- Instagram:www.instagram.com/littlefishaccounting
- Facebook: www.facebook.com/littlefishacctg
Creators and Guests
Host
Keila Hill-Trawick, CPA, MBA
Helping entrepreneurs create and maintain the business they want | Building to Enough | LinkedIn Top Voice | Intuit Partner Council | Accounting Firm Owner
