Top Bookkeeping Mistakes You Need To Know
(how to avoid these mistakes to stay on top and make informed decisions)
written by: Nathalia Copeland
As a business owner, keeping your financial records organized is crucial.
Inside The F.A.S.T. Academy™, my signature business coaching program, we bring in a guest expert, Andi Smiles, Director of Content at Collective, an online back office platform designed for Businesses-of-One that can handle your bookkeeping, payroll and taxes.
But today - I wanted to share from her training the most common mistakes self-employed people make on their bookkeeping and provide insight on tax deductions that can benefit your business.
In this 5-minute video, Andi teaches you the common bookkeeping mistakes:
- Mixing Personal and Business Finances
- Waiting until Tax Time to do your Bookkeeping
- Thinking of Bookkeeping as ONLY for Taxes
And here's the tax deductions you should snow about:
- Education
- Cell phone and internet bill
- Home office deduction
- Business meals
- Industry-specific expenses
Understanding common bookkeeping mistakes and tax deductions can help you maintain organized financial records and save money on your taxes. Stay on top of your bookkeeping to gain valuable insights into your business and make informed decisions.
What's Next? Get Help At The F.A.S.T. Academy™
Get the details on how you can become my next success story with live coaching and "hold you by the hand" support.