Accounting for Small Businesses is oftentimes the biggest stress for small business owners. Crunching the numbers can feel overwhelming. Getting a head start on proper preparation and tracking is crucial to staying organized. Start limiting the stress during tax filing season. Also, all year long.
Did you know, 85% of Small Businesses overpay their taxes? The average overpayment is $11,638 per year. Even if you are late in implementing a process, you can start now. I have put together an editable template for you to start using right away. Start tracking your monthly expenses and make sure you are categorizing your deductibles.