Quote:
Originally Posted by BIC_BAWS
I am a bookkeeper and I have a number of clients who are self-employed and own their own business.
Anyone can do the work, just know that, it is a lot of work. When you pay someone to do it, you pay them to make sure that you are within legal guidelines and to make sure that you have all the documents that you need come income tax time.
For example, anyone who wants to write off car expenses, MUST have a mileage log. This mileage log should outline each personal and business trip. Start to finish point. Km driven. Etc
Driving from home to work or work to home does not count as business mileage.
Feel free to PM if you've got more questions
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Quote:
Originally Posted by tiger_handheld
i smiled when i saw this, not sure if good or bad 
OP: the most important thing you can do is staying organized. There are a number of apps that tie into your calander for mileage calc. Remember - home to first appointment and last appointment back home are not eligible. Also, while other say it's must for a log, you just need to have a solid base to prove consistency and can get by without a log.
Like BAWS said, difference between paying someone $20/hr vs $200/hr is same as the man with the hammer - anyone can bang a hammer and get it right eventually, but the one guy knows exactly where to bang and get it right the first time.
feel free to pm or post if any questions. |
Thanks for the solid advice guys.
I'm seriously considering hiring a tax accountant for that reason. Why do it myself when I can outsource someone who does this stuff professionally.
Approximately when do you guys recommend that I start reaching out to someone?