Are you a new business owner? All too often business owners are making the common LLC mistakes listed in this post that's costing thousands.

Bookkeeping templates for tax savings in your small business. Organize your business finances and do your bookkeeping easily

Before you start reading: The process I’ll outline below is suitable for sole proprietorships and single-member LLCs not taxed as an S-Corp. If that’s you, YAY! Keep reading. Also: I lay out ALL the steps you need to catch up in this blog post. AND. About 2/3 of the way into the post, I show

If you're an entrepreneur, tax season can be needlessly confusing. Learn how to file small-business taxes with our easy-to-follow checklist.

Today, I’m talking more in depth about getting your financial paperwork organized for year-end so that you’re ready for tax prep.

Before you start reading: The process I’ll outline below is suitable for sole proprietorships and single-member LLCs not taxed as an S-Corp. If that’s you, YAY! Keep reading. Also: I lay out ALL the steps you need to catch up in this blog post. AND. About 2/3 of the way into the post, I show

Don't be caught unprepared when it comes time to file taxes. Get it together with a few simple tips on Organizing Receipts for Tax Time!

What would you say to a system that guarantees your business will turn a profit, save for taxes, pay your expenses, and pay YOU ?! Even as an accountant, I’m not sure I would have believed such a system was possible. But the magic unicorn is real, ya’ll. And it’s honestly so simple.

Oh, taxes. How we love to hate them, and all the potentially complicated dos and don’ts. Things were so much easier when we were regular employees and didn’t need to worry about such things like estimated payments. Upside of being your own boss: taking Tuesday afternoons off because you feel like it

Before you start reading: The process I’ll outline below is suitable for sole proprietorships and single-member LLCs not taxed as an S-Corp. If that’s you, YAY! Keep reading. Also: I lay out ALL the steps you need to catch up in this blog post. AND. About 2/3 of the way into the post, I show

Before you start reading: The process I’ll outline below is suitable for sole proprietorships and single-member LLCs not taxed as an S-Corp. If that’s you, YAY! Keep reading. Also: I lay out ALL the steps you need to catch up in this blog post. AND. About 2/3 of the way into the post, I show

These seven easy tips will help you manage your small business finances and stay organized.

One of the questions I get the most from service based business owners is, how do I price my services? This is such an important topic that I wanted to dive in deep and cover the 4 things you should consider when pricing your services.

Start implementing critical strategies NOW to lower your S-Corp taxes this year. Here are 10 ways to use your business to keep more of your money.

Tax time can be super stressful! These practical tax tips will help you get organized and prepared for a stress-free tax season!

Shop Budget Planner Collated & Curated … and other curated products on LTK, the easiest way to shop everything from your favorite creators.

Saturday organizing time! Wahoo! I must admit I love to organize things! They may not stay that way for very long (hahaha) but I love to go through the process of it all. Today we are going to tackle, are you ready? RECEIPTS!! Ahhhh!!!! Those dreaded little pieces of paper that we keep for budgeting purposes, tax purposes, warranty purposes, etc. etc. And the worst thing about them is they come in all shapes and sizes!! This is what makes it so hard to manage them! Well have no fear!! Kyliegh is here! =) I have been using this system for several months now (like 6 months) and it is working SO well for me! Ready to see it? [...] So first of all, if you have tons of receipts like the picture above then you need to sort them. I find the date (that is always like going on a treasure hunt to find because of the small print!) and then I print the month and day at the top large enough that I can see it easily. Once I do this to ALL of the receipts I have in my "rat nest" of receipts. I then put them in order by date. Once they are in order I bind them with a binder clip. Now if you have alot of receipts from being backed way up, you can stop the process here. At least they are organized and manageable now. However, I highly highly recommend going on- and here is why! They will be "contained" in a book and it will be much less likely for them to get pulled apart. Here is how I organize mine! I take a regular one subject notebook and I start marking the top right hand corner of the page with numbers- 1-31. Then on the front of the book I label what month and year it is. Here you can see what I am talking about. This particular page was the 18th of December but you notice there is no receipts on this day. (Do you see the little bitty 18 in the top right hand corner?) Some days you will not have anything to tape down. But then other days you will pack on the receipts! (Now here is a little side note- I tried stapling them but if you ever need to take the receipts off they tare. Taping them does much better.) Now some people make fun of me for doing this but that is okay. I actually keep ALL receipts- even fast food receipts. I keep cash and credit receipts as well! I do so because I actually enter ALL my information into budget software. If you are way behind it does take some time to do it this way but if you come home everyday and tape them down it only takes a few seconds. Let me give you some pros and cons and you can decide for yourself if you want to do yours this way. Cons: * It takes a little while to do this if you are way behind on receipts. * It takes discipline to make yourself do this every day. Pros: * If you ever need to return anything- you always have the receipt to do it with. For returns I take my whole book in with the receipt still taped to it! They do their marking on my receipt and then I shut my book and off I go- with my refund money in hand! ;) * It makes budgeting easier because you can actually see where you are spending your money. If at the end of the month you flip through and see nothing but fast food receipts, there is where your money is going! * At tax time this method makes things A BREEZE!! (I personally do this for my business. I put a little yellow flag on any and all pages that have a receipt I need to deduct for tax purposes.) * Warranty information IS ALWAYS easy to find! ( I put a little red flag on the pages that have a recipt that has warranty information attached to it.) * You can dispute any false charges to your bank or credit card. I personally had this happen just recently and when I went to dispute the charge they wanted to give me some grief like they were questioning if I had "overlooked" it. Once I pulled out all my books with these receipts- they immediately helped me with getting my money back. They said as organized as my receipts were- I would KNOW if something was wrong!

Having a work at home job offers convenience and flexibility. And you can also benefit from the number of taxes you can write off when working from home.

Are you self-employed? If so, how do you know which business expenses you can deduct?

Disallowable expenses are things you can't put on your tax return to reduce your tax bill. But which ones are they? Find out in this guide with examples.

Financial Statement Cheat Sheet Credits to Pieter Slegers, follow him for more practical cheat sheets. ------ Here's the original post: Finance Mega Cheat…

Did you know that as a blogger you have to file income and self-employment taxes? Learn more about blogger tax deductions and tips that can prevent a huge tax bill and an IRS audit too.

When do you hit the point you have to worry about your taxes for your online shop? It is just a hobby or is that a myth?

Say you work from home on a site like Fiverr or another service that connects freelance writers, graphic designers, and web developers to companies in need. Or, perhaps, you’re a student in high school running their own pool cleaning service for neighbors in your community. Whatever the case may be, an independent contractor is considered a person, business or corporation that provides goods or services to another entity. These terms may be specified within a contract, such as the former example, in which a marketing agency might hire independent contractors to fulfill copywriting needs. The agreement may also be verbal,

When I was just getting started, I had no idea how to manage my blog's finances. Fast forward a couple of years and I'm fully prepared for my blog's taxes!

As much as I hate bookkeeping, it is a crucial for creatives who run a business. These are my 4 tips to help you learn bookkeeping basics.

Here are 11 simple tips on how to reduce income tax. The key is to lower taxable income to get a lower tax rate and be qualified for more tax credits.

Bookkeeping Small Business Template, Bookkeeping Spreadsheet, Business Income and Expense, Google Sheets Template, Profit and Loss Statement, Business Accounting, Sales Tax Tracker, Sales Log, Business Planner, Revenue Tracker Easy to use Bookkeeping Template for small business owners in pastel colour palette. Keep track of your business income, expenses and profit with this bookkeeping spreadsheet for Google Sheets! See your business overview with Monthly and Annual Dashboards. Enter your income and expenses, the rest will calculate automatically! FEATURES • Set any starting month & year • Use one file for multiple years or make a new copy each year • Automated calculations • Easy to use • Sync the spreadsheet across multiple devices • Easily see your finances in charts and tables that auto-update for you WHAT'S INCLUDED? ✔︎ PDF file with the link to access the template ✔︎ Step by step instructions on how to use the template ✔︎ 6 Tabs in total ✔︎ Setup page ✔︎ 1 Income Tracker (add up to 30 income streams) ✔︎ 1 Expense Tracker (add up to 30 expense categories) ✔︎ Fully automated Annual Overview tab (+ 3 helpful charts) ✔︎ Fully automated Monthly Overview tab (+ 4 helpful charts) ✔︎ Automated Sales Tax Tracker (chart included) ✔︎ This template can be used multiple times, simply make a new copy when needed! ✔︎ Currency in USD but can easily be changed to your countries currency. WHEN YOU PURCHASE ▶ You'll need a FREE Google account to use the template ▶ Use the link provided in the PDF file to access the template ▶ Click 'Easy Bookkeeping Spreadsheets' and the template will open in your browser. Click 'Make a copy' ❌ This spreadsheet is only compatible with Google Sheets, NOT with Excel. Once you are in Google sheets you can download it as an Excel File. You can use this spreadsheet to keep track of all your business income and expenses, as well as keep track of your paid and collected sales tax! This template is suitable for any currency or VAT registered businesses. All the calculations done for you! 🔔 TERMS This product is an instant download file. Upon purchase, you will receive PDF download including a link to access your template. Due to the digital nature of this product, all sales are final and no refunds will be provided. Please do not hesitate to get in touch if you have any questions prior to purchasing this template. 🔔 COLOUR DISCLAIMER Colours on your screen may vary. This is due to the fact that every computer monitor, laptop, tablet and phone screen has a different capability to display colours and that everyone sees these colours differently. ANY QUESTIONS? Please feel free to message me with any questions, I'm always happy to help!

We're trying to do our taxes before Kragen leaves for Brazil.... Why can't this be easier.... My Blog Post Casey's Blog Post Million Dollar Journey Blog Post Geezeo Blog Post Freelance Sprout Blog Post Red Blooded American Girl Blog Post Wisebread Blog Post LifeHacker

After too much tax time stress I created a routine for my business accounting. Don't miss this monthly business bookkeeping routine to make tax time a snap!

Everything you need to know about paying quarterly estimated taxes as a freelancer. What is it, how do you calculate it, and how do you pay it?

Are you in need of a user-friendly solution to maintain a meticulous record of your stock and cryptocurrency trades? Our Digital Trading Journal is meticulously crafted for simplicity and effectiveness, providing you with the tools to foster discipline and learn from your past trading experiences. Key Features: Effortless Trade Tracking: This one-page digital journal simplifies the process of recording your stock and cryptocurrency transactions. Easily document entry and exit points, trade size, and market conditions. Reflect & Improve: Utilize the designated sections for trade analysis and reflection. Here, you can identify patterns and areas for improvement, empowering you to enhance your trading strategies. Trade Principles: Define your personal trading principles and assess your adherence to them for each trade. Cultivate discipline and consistency to bolster your success. For All Traders: Regardless of whether you are a seasoned stock trader, a cryptocurrency enthusiast, or a newcomer, our adaptable digital journal can cater to your specific needs. Efficiency & Organization: Swiftly access your trading history and maintain an organized record of your trades, facilitating informed decision-making. Digital Format: Download and access it on your preferred digital device, eliminating the need for physical journals and offering the convenience of digital organization. About the Creator: Hi, I'm JD, the creator of this Digital Trading Journal. Drawing from my decade-long experience in the stock market, I've come to understand that discipline and learning from the past are the pillars of success in trading. I've personally harnessed the power of this journal to enhance my trading performance. My journey in the stock market has underscored the significance of meticulous record-keeping and unwavering adherence to a set of trading principles. I firmly believe that by maintaining discipline and constantly refining your strategies, you can conquer your financial goals. With this Digital Trading Journal, I aspire to provide you with the tools to cultivate discipline and leverage the wisdom of your past experiences, empowering you to trade smarter and more successfully. Invest in your trading success with our user-friendly Digital Trading Journal. This is a digital product available for immediate download, allowing you to start refining your trading strategies and achieving your financial aspirations today.Begin the journey to refine your trading strategies, improve your performance, and achieve your financial aspirations. Get started today!