11/26/2024
๐ฆ๐๐๐๐The holiday season is all about celebrating and giving, but donโt forget to stay on top of your bookkeeping!
Hereโs a quick guide to help keep them in order:
1. Track those party expenses (venue, catering, entertainment) and make sure theyโre categorized correctly.
2. If youโre giving gifts, you can deduct up to $25 per client per year, so keep those receipts handy and note who the gift is for.
3. Cash bonuses for your team? Donโt forget theyโre taxable, so be sure to record them properly in payroll.
Need help managing your business finances this season? Letโs chat!
Balanced Budget & Bookkeeping LLC www.bbandbk.com