Ready to save money on taxes?
Preparation is the key to success—or in this case, the key to saving money on taxes.
Your bottom line is what defines your taxable income for the year. This handy checklist helps you estimate that taxable income by identifying which business activities you should track year-round to prepare for tax season.
Use this checklist to determine transactions that count towards your net income, as well as identify activities that you can claim as deductions to lower your tax responsibility for the year.