Now That You Are A Tax Preparer 

      Record Keeping 

Create good business practices from the very start of your new business.  Keeping track of your income and expenses will help you manage your business.  An added bonus will be much less work for you during tax season when you get ready to file your annual tax return and are busy with your own client.  As you follow good practices with your own business you can then better coach your clients to follow your lead with their own record keeping.  And, of course, better record keeping translate to  a larger potential tax refund or lower tax bill as you will have captured all of your eligible expenses and deductions (tax preparers pay taxes too). 

Quicken Bookkeeping Software

Make record keeping efficient and easy with Quicken's Home and Business Personal Finance Software.  This is the version we recommend for the business professional who is just starting out or has an existing practice that they are looking to expand.  Tax Preparers have a number of expenses that need to be closely tracked including travel expenses and office supplies.  Do not leave expenses and deductions unclaimed come tax time.  Lost deductions and expenses is lost income to you.  Please Click Here here for more information

 

Computer Backup

Are you currently backing up the files stored on your computer? You must backup your files on a regular basis.  Click Here to back up online with safe copy backup .  This service is quick to set up, easy to use and will back up your files automatically.  Deal with it once and then move on to other business and forget about it.  Even the pricing is staight forward.  Do not delay another day.  Remember, it is not a question of if your computer will crash but when will it crash. 

Business Checks

Keep your business expenses separate from your personal expenses and avoid any issues with the IRS by opening up a business checking account at a local bank.  It is recommended that you establish a separate business name for yourself (more professional than using your own name).  If you have not established a business name you will need to file a Fictitious Business Name Statement before opening your  business checking account.  Click the Link Here here to get started.  Shop around, fees for a business account can vary greatly from bank to bank and some banks do offer accounts free of monthly service charges.  When it comes time to order checks and deposit slips for your account, do not order from the bank.  You can save 50% or more when you order on your own, with no sacrafice in quality. Click Here to place your order today and start saving.