To Reduce Taxes You Need the Right Records

In order to take advantage of all the business expenses that can reduce the amount of taxes that you owe, you need the right records. And that means a bookkeeping system and procedures that will help you manage the money that you earn - whether running a small business or as a self-employed independent contractor.

One of the most common issues that our tax clients face when running a business is not sufficiently separating their personal and business expenses.

Tax deductions can be quite valuable because they reduce taxable income for the year. Meticulous records and receipts are the keys to allowable tax deductions.

By partnering with Accountable, we’ll make sure you’re appropriately documenting your allowable deductions, which means more money in your pocket at the end of the year.