By law I cannot give tax advice — nor should I, considering I refuse to use traditional accounting software or the various apps that are available for tracking business expenses. I use simple systems that take advantage of the data created when I spend money to almost effortlessly capture expenses.
- Open a business bank account if you don't already have one, and use your business check card to pay for all business expenses.
- Keep track of receipts throughout the year with photos in Evernote.
- Use your calendar to track mileage for deductions.
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Inman Connect New York | January 29 - February 1, 2019