What’s the best way to organize your receipts? Since I’ve been an entrepreneur since I was in my early 20’s and now own multiple businesses, this is a question I’ve often asked myself. Another little known fact about me is that my dad (now retired) is a Certified Public Accountant (CPA), so I think a lot more about taxes than the average person.
As a freelancer, it’s vital that you save and keep track of all of your receipts. Having these receipts come tax season means you’ll be able to deduct those expenses. If you don’t have all of your receipts when it’s time for taxes, then you could be missing out on some savings.
However, saving all your receipts in a single drawer isn’t going to help you much. You need to know the best way to organize receipts to optimize your savings come tax time. Continue reading below for a few ideas of how to do just that. [Read more…] about What Is the Best Way to Organize Receipts for Taxes as a Freelancer?