Lesson 5,
Topic 3
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Step 3 – Handle Your Business Taxes
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Transcript
Filing your tax return is definitely something that does not need to be overlooked. You need to find encouragement in which if you have kept accounting records within the parameters and you trust that your accounting records are correct, then filing a tax return is nothing more than just following some steps and putting numbers from your accounts into the tax return. So you can do it. Finances need to be looked at as a tool to help you improve rather than a daunting responsibility. So, once you see their usefulness, you will be intrigued to find out more information and you will keep needing them instead of having to do them because they will help you better your business. In my experience, making deadlines for reports, or choosing specific days of the week to review or analyse information – this will help you build a habit. This habit, if you keep doing it continuously, it will become a ritual for you. Say you pick a Friday, or a Monday first thing, or you cannot leave the office on a Wednesday until you have finished analyzing some certain type of information. You need to keep those habits in order to make it a ritual for yourself.
Click the button below to download a list of the main business tax terms that everyone should understand.
Now that you have learned more about how to handle your taxes, you are ready to do it right! The downloadable checklist below will help you make sure to get done all the main steps.