Tip for the Day-New Business Owners

“I’m starting a business, what tips do you have for me?”

Most important: keep all receipts. Speak with your CPA, find out what’s deductible. Choose a financial tracking software. My suggestion is QuickBooks as it is affordable for small business owners as well as provides very efficient tools for easily tracking and reporting the financial picture of your business. Develop a routine system for keeping your financial documents and processing on track so that nothing gets lost. Business owners that do not keep good track of their receipts and financial information typically pay more in taxes simply because they lost track of their deductible expenses along the way!  -Marsha, www.wncsnap.biz

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