Action Plan:

• Establish a relationship with a well respected and thorough CPA or tax lawyer.

• Open up a business bank account and a business savings account. You must keep your finances separate!

• Apply for your taxpayer ID#, aka EIN- this is what you will use when filing your taxes, in lieu of your social security number.

• Apply for a Sales Tax Permit through your local state agency.

• Get an account with Quickbooks, and connect your business bank account- this will allow you to easily keep track of your spending, and categorize your write-offs.

• Take a look at the offerings and articles online from “Hell Yeah, Bookkeeping”- this website has a ton of information about money and finance, and they make it a fun and easy process.

• For information on the taxes you need to pay, as well as products that can help you keep them organized and calculated, try Avalara.

• For electronic invoicing and electronic payments, check out Bill.com and Stripe.com.