Answer: As soon as you begin business.  No business is too small and if your goal is to have good cash management and spend wisely you will need to track your financials and software is a simple and easy place to store that information. Also, bookkeeping software makes it easier at tax time to pull the information for the tax accountants.

Answer:  Please see the video above and download your free Accounting Guide that will help you answer basic questions.

Answer: Payroll process depends on your business structure regarding owners pay. If you are a non-corporation then you would still need to calculate self-employment taxes on the money you withdraw from the business. If you hire an employee you will need to process payroll for employees’ hourly or salary payments and submit those payments to the IRS or the State for which you owe taxes.

Although there are hundreds of tax types, depending on the business, I have listed the top 5 most common taxes.

1. Business Income Tax
2. Self-Employment Tax (non-corporation owners pay taxes)
3. Payroll Taxes (withholding taxes- payroll)
4. Sales and Use Tax
5. Local and County Taxes (depends on the city and county taxes in your area)

Schedule a consultation to discuss the taxes that apply to your business.

Start here:  Download this form for manual tracking of mileage http://bit.ly/2l3iHl6