We are getting close to that time of the year again – Tax time. Last year (beginning of 2008) I established Timsar Solutions LLC to conduct all my online business under and handle my taxes easier. I also bought Quick Books to manage my expending and earnings.
Since the software seemed so easy to use, I thought I would record every transaction and at the end of the year I could press a button, print all required papers, and finish my taxes in couple days. Whoever bet against me won.
I found it rather difficult to record my transactions on Quick Books as they are mostly online and with people with no business name or address (sometimes just an email with not even a name). Of course I didn’t take any time or classes to actually learn the software either.
So now one more time I will be stuck with a lot of digging to do to be able to fill out correct tax forms.
I will try to find a good tutorial on how internet entrepreneurs can use QuickBooks effectively. If not, I will create a video myself and post it here.
{ 3 comments… read them below or add one }
Good luck learning Quickbooks, Nima! Hopefully, you will find it to be very useful for your business. If you do find good tutorials, please post them! Otherwise, I look forward to your video post about Quickbooks!
Do you know if they do taxes for the UK?
Looks good
Can’t wait for the tutorial..