
Running your own business certainly has many perks. You can have more control over your work schedule, hire people around you, and experience the excitement of building a company from the ground up. But, being a small business owner also comes with responsibilities that are a little less enjoyable—like paying taxes.
Few business owners find tax preparation to be fun, but all must bite the bullet and get through it each year. However, it doesn’t have to be the headache you might be envisioning from years past. When you follow these tips, your taxes will be more organized and streamlined.
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Separate Business and Personal Expenses
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Know the Dates
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Make Estimated Payments
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Invest in Proper Software
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Track Expenses Closely
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Digitize Receipts
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Deduct Your Home Office
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Look at Last Year’s Return
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Hire a Professional Accountant
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Make Tax Planning an Ongoing Activity
Tuesday September 25, 2018
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