Tax season has arrived, and as people around the country prepare to file their taxes, small business owners are no exception. Unfortunately, business tax preparation is a little more complicated than filing individual taxes. Filing corporate taxes doesn’t have to be stressful, however. By taking certain bookkeeping measures throughout the year, small business owners can be prepared to file their taxes with minimal hassle.
One of the best things a small business owner can do to prepare for tax season is to be sure they are keeping thorough records of all business expenses. Keeping a separate checking account and credit card for business use will make record-keeping easier. If the business owner plans to claim transportation expenses, he must also keep records of the mileage used on the busi