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Keep detailed records of expenses for tax purposes (New Business Checklist)

When it comes time to file your taxes, the IRS will only grant you the expenditures you can document. If you use your car in the course of doing business, track your mileage using a log book.

Better yet, you can track your mileage directly in QuickBooks.

Consult a tax expert to find out the deductions for which your business qualifies.

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