End of Year Checklist: Close Out Your Record Books

Now is the time to make sure your record books are in order to help save you time during tax season. Take some time to organize your records, to make sure you have all of your sales, purchases, expenses, and donations are recorded and in order. Oftentimes people pull their hair out in the days and weeks preceding April 15th, trying to remember specific transactions. This can be avoided by going over your books now and putting everything in order.

It could also be helpful if you set up your record books for 2008 so you can start off the new year on the right foot. You probably don’t need any special software to keep your records straight. A simple Excel workbook can help you stay organized. If you are organized, it will pay dividends during the next tax year, as you and/or your accountant will be able to make a guesstimate on your taxable income throughout the year, which can help you make intelligent decisions to offset your taxable income instead of the typical rushed decisions at the end of the year (like now).

It’s getting down to the wire, but SEO guru Aaron Wall provided some good year end tax tips to help save some money at tax time.

Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent Posts

Delete the Verification 3rd Nameserver

0
This morning, I received an email from Atom notifying me the nameservers for one of my domain names was not correctly set up. I...

Team Internet and CCI Partnership to Operate .CO ccTLD

0
According to a post on Team Internet's corporate LinkedIn page, the company has been awarded the contract to operate the .CO ccTLD registry in...

45.com Reportedly Acquired for $1.8 Million

0
According to a post on X linking to a press release on CoinDesk, the 45.com domain name has been reportedly acquired for $1.8 million. Lucky45...

Atom Hiring Manager of Registrar Operations

0
Last month, Atom.com announced that has become an ICANN accredited domain registrar. In the blog post announcement, the company briefly shared its big vision...

Jason Calacanis Acquires Begin.com (Update)

2
Serial entrepreneur and investor Jason Calacanis announced the recent acquisition of Begin.com. Jason didn't share the acquisition price, but he did mention this is...