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Set up records for a new business

The habits that make tax season short.

• Open a dedicated business bank account before recording anything.

• Pick one method for tracking transactions and stay with it.

• Use expense categories that map to actual tax deduction lines.

• Photograph each receipt at the moment of purchase, into a dated folder.

• Reconcile the accounts on the same day each month.

• Treat recording transactions and preparing the return as separate jobs.

Free, and yours to edit — tick items off on the web or in the MyCheck app.