Don’t do everything yourself and hire others for help.
by: startup collective
Question: What is one thing I should do this year to make dealing with my taxes less of a hassle?
Keep Great Records
“Make sure to keep records of anything that could have a tax impact. It takes a few extra minutes each day to save emailed documents or scanned paper documents, but having that information readily available for your bookkeeper and tax accountant will save a lot of time and money come tax time.” — Brooks Kincaid, Imprint Energy
Separate Your Business and Personal Finances
“To simplify tax season, separate your personal finances from your business finances. So many startups mix up the two and find themselves in a mess. You must have separate accounts, keep costs separate and maintain separate income statements and balance sheets. When you blur the lines, you create major hassles, which can lead to serious expenses, legal issues and additional taxes.” — David Ehrenberg, Early Growth Financial Servicescontinue reading »