As the new year begins, virtual assistants who own and operate their own business or who are working as an independent contractor will need to work on organizing receipts and tax-related expenses.
If you are having trouble answering either one of the questions above, do not worry…here are a few tips and tricks on helping you get on track for tax time!
Understanding what type of expenses can be applied to your business as a VA, can best be determined by an accountant. However, here are a few examples of everyday expenses that you should be tracking throughout the year.
Now that you have your expenses figured out, be sure to stay organized! If you stay on top of the receipts and invoicing throughout the year, tax time will be smooth sailing! You can stay organized with the following tips:
Just remember, the more organized you can be, the easier it will be on you when next year rolls around.
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