Are you ready??

The hectic time of holidays is almost here and will quickly be gone. 
Are you ready to gear up for a new year of business? 
Are you ready to file your taxes from this year? 

In the aftermath of the holidays, it's probably a good idea to get all your receipts in order and make sure your spreadsheet of income/expenses is up to date (you do keep track, right?)  Even if your business is coming out in the red after all the deductions, it's good for your own peace of mind to know exactly where you are.  You can't get anywhere if you don't know where you are starting from!  If you didn't keep careful track of your income, expenses and kilometers this year, start January 1st for next year.  It's a good habit to get into and it's not hard to do.  A simple spreadsheet with the headings: "date," "description," "income," "expense," "kilometers." Works well for me.  At the end of the year I sum the income, expense and kilometers.  Be sure to subtract the expenses from the income to see how much money you REALLY made and on your taxes you can deduct kilometers as well as a portion of your house expenses because you have a home business.  If you lease your car, I think you can deduct some of that too, but I'm not an accountant, so check with the person that does your taxes to see what things you can give them to deduct in there.  If you do your own taxes and know of a resource for looking up things like that, please post a link in the comments below for others who might find it useful.  Lucky for me, my dad is an accountant and he does my taxes for me.

Make 2012 your best business year yet!!
Perry Noia the Scaredy Clown :oD