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Three Small Business Tips to Prep for Tax Season

04/16/2024

Three Small Business Tips to Prep for Tax Season

Get ready for the next tax season. If you want to save time and do more, we have three suggestions that will help positively impact your business this coming tax season and beyond.  

 

Suggestion 1: Track everything in one place. 

By bringing all your accounts into one place (the same place you get paid), you can more easily track your business income and expense activity. Don't forget credit cards. Bonus points: find a system that automatically categorizes for you. 

Suggestion 2: Simplify and save money. 

You might have something like QuickBooks, but you may not have time to make it work for your specific needs. Let's face it: bookkeepers can get expensive. What you need is something that's both easy to use and affordable. 

Suggestion 3: Rely on accurate record-keeping. 

Make it easy for yourself and your accountant. Consider keeping an up-to-date profit and loss (P&L) report to stay on top of your bottom line. Even better, rely on a system that automatically generates one for you.

Are you ready to make tax time less stressful in the coming year? If so, we'd love to introduce you to Autobooks—the solution that does it all! 

With Autobooks, you can handle bookkeeping, accounting, and reporting directly inside online and mobile banking — all for just $10 a month. You can cancel at any time. 

It's easy to get started! 

To start with Autobooks, log into your myBRB app or online banking, click "Send an invoice" or "Payment Link," and follow the prompts. If you've used Autobooks before, click Reporting/Accounting inside Autobooks to add on these powerful features.