3 Tips for Tax Time

This is my third full year in business, and my second year filing taxes for my small business. I’ve learned a few things since last year, and I thought I’d share some of that with you! This year has been a breeze doing my taxes, and hopefully these simple tips can help you hate tax season just a little bit less.

1. Allot Administrative Time

This sounds incredibly boring, but I promise – you will save time in the long run. If you allot a certain number of hours per week or per month to completing administrative tasks, you will have a much smaller headache come tax time when you’re trying to track down invoices, calculate sales tax, itemize expenses, etc.

I try to give myself 3 hours per month to tackle anything and everything administrative. Most times I need fewer than 3 hours, so overshooting the allotment makes me feel better about myself when I finish in less time.

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