BOOKKEEPING TIP: As a sole Proprietorship, you are responsible Self-employment and income taxes on the NET EARNINGS/PROFIT your business earns. It is important to keep accurate records of payments received from sales and be sure not to record non-payroll payments to yourself as an expense. Need help figuring out how to... track this? Visit our site or Call us to schedule a complimentary 30-consultation 888-449-4145 or visit this link to schedule a 30-min complimentary telephone consultation NOW!
