Tag: expense tracking best practices
-
Expense Tracking for the Solo Entrepreneur: 5 Easy Workflows to Copy Today
Running a business on your own means every hat is yours to wear: CEO, marketer, customer service rep, and yes, bookkeeper. One of the trickiest parts of that last role is keeping track of expenses. Without a simple system, it’s way too easy to forget the $12 domain name renewal, lose the gas receipt from…
-
Does the IRS Require Receipts Under $75? Here’s What You Need to Know
When it comes to taxes and deductions, small business owners, freelancers, and self-employed individuals often walk a fine line between efficiency and compliance. One of the most frequently asked questions during tax preparation is:“Do I need to save receipts for every expense, even the ones under $75?” The short answer is: not always—but you probably…