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Happy Sunday! welcome back to SUNDAYS & BUSINESS, This week featuring Chanie Hirsch from AccuBooX with 3 easy to implement Bookkeeping tips.
Keep business and personal separate
Merging the two might seem like a good idea at first, but it can quickly turn into a headache for your business. Keeping it separate helps your business stick to a budget and makes sure your accounting records remain organized.
Set reminders for tax deadlines.
To make sure your books are ready on time and avoid missing tax and sales tax deadlines, be sure to set reminders for these important dates. Adding them to your business calendar will ensure timely filing and help you avoid penalties. And don't forget to set money aside to cover those taxes too.
Make your books a priority.
From the get-go, stay on top of your books.
Review and update your books on a constant basis to avoid task overwhelm. You don't want to be buried in a year's worth of work right before the tax season.
