Many people dread tax season—especially business owners. Amid a multitude of meetings, agreements, and other management obligations, staying on top of expenditures can easily become overwhelming. Fortunately, when you plan ahead, filing taxes becomes a breeze. The expert business accountants from JJR & Associates LLC in Fayetteville, GA, have the tips you need to simplify the process and maximize your return.

3 Business Accountant-Approved Tax Tips

1. Keep Your Receipts

You’ve probably already heard of the importance of saving receipts. To simplify the process, take pictures of receipts on your phone alongside notes about the expenditure. Or, write directly on the receipt before placing it in a file. If you want to track your expenses with ease, stick to debit and credit. That way, you will have a running figure easily accessible online. 

2. Track Your Miles

Many business owners neglect to track their mileage properly. Even small trips can add up quickly, so it’s important to stay on top of your bookkeeping duties. Keep a log—and require employees to do the same—that states the date of the trip, its purpose, and the locations you traveled between. Write this information down right away instead of trying to rely on your memory days down the road.  

3. Account for Charitable Contributions

If you donate to a charity as a business, obtain proof of the contribution. Often, cash, volunteer services, or sponsorship of charity events qualify as deductions. However, the charity must be a valid 501(c)(3), so talk to your business accountant about your potential deduction.

To stay on top of expenditures and maximize your return, consult a qualified business accountant. The professionals from JJR & Associates LLC have the expertise to provide the advice you need. Call the team today at (404) 437-7748 or visit the accounting firm online to learn more.