Bookkeeping Tip #6 For Small Business Owners

Image via WikipediaThis week's bookkeeping tip is make sure you get deductions for business use of your car. To do this, you have to document, document, document. Keep a clipboard in the passenger seat with a table in it, so you can record addresses (to and from destinations), odometer mileage (starting and ending), and the purposes of your trip. That way, you'll get to deduct all of those business miles! Hey, they add up. And if you're audited, the IRS can't take that cash from you, because you kept a tight log.

Are you too new school to keep a pen-and-paper log? Check out this app that does it for you!

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Bookkeeping Tip #5 for Small Businesses

Elvis and expenses (Photo credit: edmittance) Plan for major expenses. This is bookkeeping tip #5 from our own Janine Kaucher, owner of Clear View Business Solutions. You're less likely to miss business opportunities or have to scramble for a loan when the expenses become unavoidable. Put events like a major computer upgrade on the calendar a year in advance or, ideally, three to five years ahead.

Here are some considerations for setting up your IT Budget.

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