Hello @Dar16 !
Big kudos for starting a new business and wanted to stay on track with reporting requirements! The best way for you to keep accurate records is to keep your business and personal activity separate. A separate account and charge cards would be a great way to isolate your business activity and save tons of energy during tax time or generating any reports to analyze your business activity. When you do your taxes its important to know what's deductible and what you may need to exclude from your schedule C, where you would report expenses. Here is a helpful guide that shows come common expenses that are deductible. Keep in mind, no list will be all inclusive so just remember to record the business purpose and check with a professional if you are not sure: Business Deductions . You can connect with a Turbo Tax Expert year round to help with any questions you might have!
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