As the year-end approaches, business owners often hear a common refrain: “Buy something to reduce your taxes!” On the surface, it may sound logical. After all, purchasing new equipment or vehicles can generate deductions that lower your taxable income.

At Schanel & Associates, PA, we understand that efficient bookkeeping not only saves you time but also keeps your costs down. To help you make the most of your monthly write-up and bookkeeping services through QuickBooks Online (QBO), here are some practical tips.