7 Tips For Tax Season
Do you stress about doing your taxes? Do you feel like you're in the dark on how to categorize your expenses and how much is the right amount to withhold so you aren't paying in at the end of the year?
Hire an accountant! It'll be worth every penny to ensure you are clear on what is correct
Schedule a meeting mid-year with your accountant to see if you are making more money than last year. More money = more money you'll be paying in. If you can adjust your withholdings mid-year, it'll save you from paying in at the end.
Make quarterly payments, it'll feel less like a CHUNK of money at the end of the year.
Ask the best way to file your taxes. LLC or S-corp, Joint?
Ask any additional ways to deduct and save?
What software would be best to track my expenses and income?
How should I prepare for tax season?
Google sheets is a great way to track your income and expenses for free. Quickbooks online is very mobile friendly and can stream in your credit card transactions so all you have to is classify them.