Or for those of us who work for ourselves (i.e. don’t get taxes withdrawn from W-2’s & usually end up owing tax instead of getting refunds), it might more accurately be “Unhappy Tax Day” 😉
If you currently use an accountant to help you with your taxes but you’ve always wondered if you could handle it by yourself, this post is for you!
You might end up saving a couple bucks on an accountant, but more importantly (in my opinion), doing your bookkeeping & filing your taxes on your own makes you feel more in control of your business and it gives you a much better understanding of how income taxes work and how your business is doing on a micro & macro level.
Here’s my roughly sketched checklist for doing your own taxes with a program like TurboTax!
Good luck & happy bookkeeping! <3 Lin