Question:

How can I prepare for taxes?

Up To Date

Rather than stuffing all of your business records (invoices,
receipts, statements) in a file to be sorted through at the
end of the year, be proactive. Balance your business accounts
at least monthly. Keep a ledger or log of your sales, purchases,
and misc expenditures. The more often you do it, the easier
it will get. By the end of the year, you'll be all set to
file your taxes without encountering a huge mountain of paperwork.

Taming Receipts

Does tax time make you shudder? Can't remember how much you spent or what you spent it on? Here are a few simple tips for keeping track of those business expense receipts:

*put receipts into envelopes (one envelope per month) as you receive them.
*put receipts into envelopes (one envelope per type of expense, ie: supplies, advertising)
*have a checking account or credit card just for your business and put ALL of your business transactions through it.

You will receive monthly (and sometimes annual) statements showing just who you paid and for what.
You'll have a much easier time sorting through it all at the end of the year (as well as being able to see
where you might adjust your spending).

Small Businesses Frequently Asked Questions

How can I prevent business losses?

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What is success?

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How can I change my thinking?

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How do I work around the kids?

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How do I file business taxes?

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What are some inspirational quotes?

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What are some inspirational quotes?

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What are some inspirational quotes?

What is embezzlement?

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What are Financial Statements?

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What do I do when I start to question my business decisions?

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What are Accounting Controls?

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What is a Balance Sheet?

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What is a good business investment?

Why should I attend business seminars?

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What´s MLM all about?

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What do I do with sales taxes I collect?

What can I deduct for my business?

What is the difference between a business and a hobby?

How long do I have to keep taxes, receipts and other important docs?

Where do I find business help?

How much insurance do I need?

Why should I keep my desk clean?

What is an Income Statement?

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What is customer service?

How do I prepare a Balance Sheet?

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How do good things happen?

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How do I keep from getting burned out?

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How do I protect my business in case of disaster?

What is a trademark?

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What is risk?

What are the skills of a good leader?

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Where can I find infomation about starting a home business?

How do I become a better manager?

How do I recruit new distributors?

How do I lead people with different personalities?

What is a Bookkeeper?

How do I succeed?

What are Current Liabilities?

What is an Accounting System?

How do I develop good habits?

How do I encourage employees?

Why is decision making important?

What can deduct for a home office?

Why should I thank my customers?

How do I expand my sphere of influence?

How can I change?

What are qualities of a good leader?

What is a mother´s helper?

How do I work around my family´s schedule?

How much risk is good?

How do I find happiness?

What is truth in advertising?

How do I work business around my family?

How do I compensate my employees?

How can playdates help my business?

How do I save time?

How do I make phone calls with children around?

Why settle for less?

Where do I find opportunity?

How do I prioritize?

How do I get the respect my business deserves?

How do I develop and train leaders?

How do I build wealth?

How do I handle a business disaster?

How do I achieve success?

How do I achieve greatness?

How do I keep up with the industry?

How do I change my thinking?

What´s the truth about MLM?

What is a leader?

What is an accountant?

What is the difference between a Bookkeeper and an Accountant?

How do I balance my business and personal life?

What are Fixed Expenses?

What are Accounts Payable?

How do I find knowledge?

What are Variable Expenses?

How can I learn how to do my taxes?

How do I keep my kids away from my work area?

What is bonding?

What are Current Assets?

What is a Balance Sheet?

How do I change?

How do I get a business started?

How do I find a new job?

How do I work from home?

How do I find fulfillment?

Can I deduct car expenses?

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Can I deduct my home office?

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How do I train others?

How do I talk on the phone with young children?

How do I build a downline?

How can I measure my productivity?

Why should I set big goals?

How do I schedule vacations?

What is Network Marketing?

How do I achieve balance?

How do I learn how to sell?

Why won´t my customers buy?

Do I need to file taxes?

How do I organize my office?

How do I start a small business?

How can I get organized?

How do I find success?

How do I deal with being told no?

How do I get paid in MLM or Network Marketing?

What is competition?

What can defeat a good idea?

How do I get motivated?

How do I handle junk mail?

How do I gain market share?

What is a downline?

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What are time wasters?

Can I write off the sale of an asset?

Where do successful people come from?

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What is commitment?

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How can I manage my finances?

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What is success?

What is an Income Statement?

Where do ideas come from?

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How do I find out about legal issues for my business?

How do I prevent burglary?

What are the characteristics of successful people?

How do I build my business network?

How do I get rid of clutter?

How can I keep my inbox empty?

What is junk mail?

What do I need to get organized?

Where do I find a mentor?

How can I always be prepared for business?

How do I get paid if I´m self-employed?

What are Accounts Receivable?

What is Self-Employment Tax?

What is a Binary Compensation Plan?

How do I know if my business is making money?

How do I measure profit?

Why should I recruit?

How do I make money in my business?

Why is working at home good for my family?

Where do I find freedom?

How do I hire a professional to do my household chores?

How do I find professional help for my business?

How do I stop all these bounced check charges from my bank?

How do I get the attetion of prospects and turn them into buyers?

How do I balance family and work?

What is the Australian Compensation Plan?

How do I remember everything I need to do?

Can a mom with children really have a successful business?

What matters in life?

How do I support my family, community, and my business?

What does "Break-Even" mean?

What is a strategic alliance?

How do direct sellers file taxes?

How do I become a leader?

Where do I find info on starting a business?

What are the laws governing home businesses?

What am I legally responsible for in my business?

How do I buy airline tickets?

Where can I find free stuff?

What is Cost of Goods Sold?

What if I set a goal, but don´t reach it?

How do I tell people about my business?

Why are home-businesses a good option?

What does a home-business offer me?





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George Sayour