There are quite a few tax deductions that can help you keep more dough in your pocket, like business expenses, mileage, and home office costs. Chatting with your accountant can help you find every last penny you can claim!
It’s wise to review your financial statements regularly—think monthly or quarterly. Doing so will help you spot any trends, manage your budget, and make informed decisions to steer your business right!
Sales tax in California is no small potatoes! You'll need to keep track of sales tax collected on your sales and make sure you know when to file it. It’s a good idea to consult your accountant to keep everything above board.
You’ll want to hold on to all sorts of financial records, such as income statements, balance sheets, and receipts. Keeping these ducks in a row will help you stay organized and safe in case the taxman comes calling!
While some folks fly solo, hiring an accountant can really take a load off your shoulders. They can help you navigate through all the numbers and provide insight into your business finances, giving you the time to focus on what you do best!