The Promised Goodies
If you've come here, it means you've found enough value in Oh Snap! to look for more. You're here to get the freebies that I offered in several places throughout the book. You're in the right place.
Recording a Bartering Transaction
Home Office Deduction Calculator
Bare Minimum Tax Spreadsheet
Even though it is fairly common to ignore a barter transaction in the financial records, there is a specific way to record one. Using this method will provide you with protection, should the tax man come knocking at your door (which is always the best choice.
The IRS has provided 2 distinct ways to take a home office deduction - the Allocation Method and the Simple Method. This spreadsheet will allow you to figure out which method is the most beneficial for you. After all, who wants to leave money on the table for the government to keep, right?
This spreadsheet gives you the tools to track the minimum necessary information for your business. If you do not feel like you are ready for an accounting software package, and you also do not want to hire a CPA, then this is a great option to help you prepare your financial books for the tax season.
Right click and select "Save link as..." or "Save target as..." to download this file.
If you have any questions about these tools or would like to share your thoughts about it, you can always get in touch with us here.
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