When you file your personal income tax return, you have a choice between taking a standard deduction and taking itemized deductions. The correct decision helps to reduce your income taxes as much as possible.
Business expenses are notoriously difficult to track. However, proper tracking of receipts is crucial to an accurate tax return. What are some easy methods that can be used to not only keep on top of business expenses through the year, but also avoid the typical stress of trying to arrange all your business expenses during the week just before your meeting with your tax preparer?