How do I manage my business expenses to maximize tax deductions?
I've recently started my own small business and I'm trying to get a handle on my finances. I've heard that there are certain expenses that I can claim as tax deductions, but I'm not sure what qualifies or how to keep track of everything. I've been using a spreadsheet to log my expenses, but it's getting a bit overwhelming.
I'd love to hear from others who have experience with this. I've got a lot of expenses related to travel, equipment, and software, and I'm not sure which ones I can claim as deductions. I'm also wondering if there are any specific tools or apps that can help me stay organized and make the process easier.
Can anyone recommend a good accountant or bookkeeper who specializes in small businesses? Are there any specific things I should be doing on a monthly or quarterly basis to make sure I'm taking advantage of all the deductions I'm eligible for?
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