Comments on: 3 Simple Actions To Avoid The Tax Time Crazies

By: Alyson Stanfield

Wed, 20 Apr 2016 01:52:21 +0000

In reply to Marwan.

Marwan: I’d put all of those details in the newsletter. Don’t make them contact you.

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By: Marwan

Mon, 18 Apr 2016 13:12:21 +0000

I send my first newsletter for potential art collectors about a new oil painting that i am work on it, in the end of my newsletter i said ” If you are interested in more details ( i mean size, price, etc …) you are more than welcome to contact me on that e-mail ” and i type it , Do you think that is the best action i can do ? if no, so what is better than that ?

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By: Alyson Stanfield

Sun, 17 Apr 2016 19:07:36 +0000

In reply to Patricia C Vener.

Patricia: As you grow, you will want those separate accounts. You will get there.

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By: Alyson Stanfield

Sun, 17 Apr 2016 19:07:09 +0000

In reply to Caroline.

Caroline: I would ask your accountant. It will depend based on your business structure.

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By: Alyson Stanfield

Sun, 17 Apr 2016 19:05:59 +0000

In reply to Jeanne.

That’s great. But I still think you will benefit from separate accounts if you intend to be in it for the long haul.

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By: Alyson Stanfield

Sun, 17 Apr 2016 19:05:09 +0000

In reply to Lisa Gibson.

Lisa: I strongly urge you to reconsider and separate them.

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By: Alyson Stanfield

Sun, 17 Apr 2016 19:04:20 +0000

In reply to Jennifer K.

Thank you for sharing this, Jennifer. I agree wholeheartedly. There is no reason to mix your business in with your personal. Shop around.

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By: Alyson Stanfield

Sun, 17 Apr 2016 19:03:06 +0000

In reply to Helen Hiebert.

Good work, Helen.

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By: Patricia C Vener

Thu, 14 Apr 2016 18:41:29 +0000

I like to keep record keeping simple. Because I am a sole proprietor, I file schedule C. I set up my ledger to make it easy for me to do my calculations for the appropriate deduction categories.

I must have followed through well, last year. I finished my taxes in early March.

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By: Caroline

Thu, 14 Apr 2016 16:54:45 +0000

I have a separate business checking account and visa but sometimes I pay for household things with my income. It’s usually vacation or clothes for myself or the kids, things outside the normal monthly household account. What’s the best way of doing this? I usually mark the transaction as personal, so that when I do end-of-year tally, I can take out everything from that category to see biz results.
Thanks!

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