Your subscription to The Wall Street Journal might be tax deductible if there is a credible relation between the advice garnered from your reading the paper to your investment activity.
Whether you are drawing columns on paper or assigning category names in computer software to record transactions, use a basic category list to separate your transactions. Our Tax Tracking List contains a complete list of categories.File your receipts as you receive them throughout the year in the appropriate categories.
Using a budget will assist you in tracking the flow and progress of your business by providing a visual statement of the business’ activities.
If you are planning the sale of your medical practice to finance your retirement, you may need to increase the value of your practice.