Keeping business simple with taxes in mind

I’m trying to start small and not overcomplicate things but I also don’t want to ignore taxes and run into issues later. How did you guys handle this when starting out?

Danielcross said:

I’m trying to start small and not overcomplicate things but I also don’t want to ignore taxes and run into issues later. How did you guys handle this when starting out?

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Tax accountant here. Download a excel of your bank statement. Ideally have a seperate bank account for your business and categories for things type of business expense, since different expenses have different percentages of deduction. Happy to send you a free excel I created