10/07/2026
TAX TIP WEDNESDAY! 📝
Good records can make a big difference when it comes to your business deductions.
If you’re a business owner, don’t wait until it’s time to file your taxes before gathering your records. Keeping organized documentation throughout the year can make tax preparation much easier and helps support the expenses you’re claiming.
Here are 3 important records to keep:
🚗 Mileage Log – Keep track of your business-related mileage, including the date, purpose, and miles driven.
🧾 Real Receipts – Keep receipts and other documentation for business expenses. A bank or credit card statement alone may not provide all the details needed to substantiate an expense.
🏦 Separate Business Account – Using a separate account for business transactions makes it easier to track income and expenses and maintain clear records.
Remember: A deduction should be supported by proper records. Good record keeping isn’t just about filing taxes it’s part of running a well-organized business.
💚 Turner Tax Services helping you stay informed and prepared.
