Chapter 2
The Necessity of Taxes and Value of Business Reports
IN THIS CHAPTER
Finding a tax professional
Understanding first things first: Bookkeeping basics
Saving your records to save your bacon
Letting your reports talk to you
Keeping your company records organized and safe
You’ll get no argument from me that bookkeeping can be the most boring and time-consuming part of your job. You may feel that you just need to add your product costs, add your gross sales, and bada-bing, you know where your business is. Sorry, I wish that’s how it worked, but it’s not that easy.
Did you add that roll of tape you picked up at the supermarket today? Although it cost only $1.29, it’s a business expense. How about the mileage driving back and forth from suppliers, garage sales, and resale shops? Those are expenses, too. I suspect that you’re not counting quite a few other seemingly “inconsequential” items like these in your expense column.
I must confess that I enjoy posting my expenses and sales ...
Get eBay Business All-in-One For Dummies, 4th Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
