tax forms?

[Toby]

I have an Excel spreadsheet that I use to keep track of all checks. The stubs don't get filed away until I've entered the totals under the correct sponsor and month.

I use Quicken for tracking my checking and credit card accounts. I almost never pay cash for anything business related. The key there is consistently entering all transactions, and using the appropriate expense category.

I sat down with Turbo Tax last night and completed my Federal taxes in about an hour.

[MrYum]

Originally Posted by Toby

I have an Excel spreadsheet that I use to keep track of all checks. The stubs don't get filed away until I've entered the totals under the correct sponsor and month.

I use Quicken for tracking my checking and credit card accounts. I almost never pay cash for anything business related. The key there is consistently entering all transactions, and using the appropriate expense category.

I sat down with Turbo Tax last night and completed my Federal taxes in about an hour.

Yep, that's sound advice right there

Quicken or QuickBooks and TurboTax are awesome tools! Toby is absolutely right...the bigget favor you can do for yourself is be consistent in entering transactions and never use cash for business if at all possible.

[Linkster]

Why not just call yourself a company and not worry about 1099s - not required if youre a company although Ive noticed a lot of programs setting themselves up for fines by issuing them needlessly to corporations - I think its still a $25-30 fine for each 1099 they send to someone that wasnt supposed to get one (if they send a copy to the IRS)