Taxes are one of the most important reasons for a home business to keep accounting records.At the end of the year, you need to show money made and money paid.
When you learn something new, like accounting concepts and terms, it helps to create links between what you already know and what you are trying to learn.
If you track your income and outgoings every day, preparing your personal annual statement and tax return doesn’t need to be a mammoth task.
Everyone should know their Credit Score. A good credit score gives you access to credit, and lower interest rates.
If your credit score is bad, you need to find out why and take corrective action.
As a smart business owner you will realise that you can’t do everything.
Unless you are extremely organised and enjoy working with numbers, then maybe you need to outsource your bookkeeping.