❌ Tax Mistake #4: Skipping Proper Recordkeeping

AFH owners, have you ever found yourself scrambling for receipts and payment records right before tax season? If so, you’re not alone! Poor recordkeeping is one of the most common mistakes that leads to:

🚨 Missed deductions (which means paying more in taxes!)

🚨 Inaccurate tax filings that could trigger IRS penalties

🚨 Stress and frustration when tax season rolls around

Without proper records, you might overpay on taxes because you can’t prove your legitimate business expenses—or worse, face an audit without the right documentation.

💡 Quick Tip: Use a Simple System to Track Income & Expenses

Good recordkeeping doesn’t have to be complicated. Try one of these simple methods to stay organized year-round:

📌 File Folder System – Keep physical copies of receipts, invoices, and important documents in labeled folders.

📌 Expense Tracking Apps – Use apps like QuickBooks, Wave, or Expensify to log transactions on the go.

📌 Spreadsheet Tracking – Maintain a simple Google Sheets or Excel file with income, expenses, and important notes.

📌 Business Bank Account – Always use a dedicated account for your AFH income and expenses to keep finances separate.

By tracking your income and expenses properly, you’ll:

✔️ Easily claim every deduction you qualify for

✔️ Reduce tax-time stress

✔️ Be prepared if the IRS ever asks for proof of expenses

✅ Get My Free Guide: Avoid Common Tax Mistakes!

Skipping recordkeeping is just one of the biggest tax mistakes AFH owners make. To help you stay ahead of the game, I’ve put together a free guide just for you:

📥 Download “Top 5 Tax Mistakes AFH Owners Make & How to Avoid Them”

Inside, you’ll learn:

✅ How to easily track your expenses year-round

✅ The most common tax mistakes AFH owners make

✅ How to reduce your tax bill and avoid IRS issues

💬 Need help organizing your AFH finances? Let’s connect!

👉 Download the free guide here!

Start now, and your future self will thank you next tax season!