Lightweight categories
A simple structure now may save time at tax season.
Rental Property & Side Business
How to organize side-business income before tax season
Lightweight categories to track income, mileage, and expenses for a side business.
5 min readRelated pros: Bookkeeper, CPA
- Side Business
- Tax
Resources are for general educational purposes and may not apply to your specific situation.
Income tracking
Track gross income separately from any deposits that are not income.
Expense categories
A short list of categories often beats one large pile of receipts.
- Mileage log
- Supplies
- Subscriptions & software
- Home office (if applicable)
- Marketing