You are probably throwing away hundreds if not thousands of dollars each year to Uncle Sam simply by not being thorough with your write-offs... especially if you own your own business! An organized system of keeping track of your expenses through Quickbooks or a similar programs will help you save $ and eliminate stress at tax time when you are frantically trying to gather together receipts and other documents.
To Do List
O - Create a file to store all records of expenses that could potentially be written off (receipts for business expenses, travel, food, insurance, etc.). Also, make sure that you have Quickbooks or something similar to make your life easier!
O - Catch up on whichever steps you might be a little behind on. We’ll have a lot of work to do next week.