Here's my point - for years I've said the two worst groups of business people on the planet are photographers and doctors. Seriously, check out any investment scheme for ocean front property in Arizona and you'll always see a list of doctors as the core investors. Well, photographers aren't that much better.
So many of you forget about key expenses throughout the year. You don't track your costs on business related events, services and even products you purchase. Even worse, most of you don't know if you honestly made any money during the year until you do your taxes!
The first paragraph of this recent Marathon post explains it all...
Tax season is one of the most stressful times of the year for any sized business. Make sure you get all of the tax write-offs you can this year with Eric Michaels’s list of “7 tax write offs small business owners cant afford to miss.” Read his whole article at http://smallbiz.theupsstore.com/blog/small-business-blog/2014/12/30/7-tax-write-offs-small-business-owners-cant-afford-to-miss.
It's a new year and it's time to start it out right. Talk with your accountant about more than just doing your taxes. Take a look at your margins. Check out all your expenses. Keep track of everything you spend on the business. Be ready to make 2016 the best year you've ever had and then be disciplined all year long to know you're on target!