Posted by Benita Tyler on November 14, 2008 at 3:20pm
Business owners are you getting ready for tax season? Believe it or not, it's not too early to start putting your financial records in order. In fact, wise business owners understand that waiting until year end to gather receipts for bookkeeping can be very costly in terms of accounting fees, late tax filing fees, penalties, and worse, missed tax deductions.If you have not been keeping good records throughout the year, now is the time to get your books in order. Set aside some time each weekend over the next month to get caught up. Or, if the idea of recording hundreds of receipts sounds worse than having a tooth pulled send them out to your bookkeeper. This way you still have time before December 31 to ask questions that will help you save money and minimize income taxes.Remember that building a lasting and profitable business requires you to be a good steward over your time, talent, and resources.Have tax questions or need accounting software? If you're not sure where to start, sign up for my newsletter for advice on running a profitable business. You can also e-mail me to request a FREE copy of Quickbooks software to help you keep track of the finances in your business. I'd be happy to send one out to you.Blessings and success,Benita Tyler, MBAAccountant and QuickBooks Consultantwww.tbsusa.com
