From the course: Taxes and Accounting for Music
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Help with taxes
- Fortunately, there is an industry of apps, software, and professionals ready to assist you with accounting and tax preparation. Particularly helpful are expense-tracker apps, like Expensify, in which you photo or scan a receipt, and the app automatically creates an expense record. These apps may also track mileage, sync with your credit cards, and allow you to create and email expense reports. Other apps offering similar features are Concur, and iXpenseIt. MileIQ focuses on tracking and logging your business use of your car. Software for your laptop or iPad can take the drudgery out of accounting and tax preparation. It's easy to use programs such as Quicken, or an online program such as Mint, or AccountAbout. All of these programs allow for detailed categorization of income and expenses. For more sophisticated accounting needs, use QuickBooks, or Sage. As for tax preparation software, the three leading contenders are TaxAct, H & R Block, and TurboTax. Unless you can afford the…
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