Save them all, no matter how small they are. You dont wanna pay taxes on money you spent to run your business. They all add up at the end of the year. Another thing I learned a couple years ago after already being in business for several years is to keep track of your gallons of equipment fuel, I dont know if its the same for every state but I know the in Michigan we get back the money we spent at the pump on road tax. I have my accountant take care of that now but I think its something like .19 cents a gallon you get back, that can really add up at the end of the year.
No announcement yet.
Do you save every receipt?