No matter how your business is doing now, whether you are making income or not, there is one thing you must not be vague about: filing taxes. In order to understand the income and expenses of the business, it is still very important to take the time to understand the self-employed small business tax return. Although the principle of how self-employed people keep accounts is simple, the actual operation is cumbersome and requires individuals to make good budgets, planning and tracking records. In order to make your accounts more clear, you can use the QBO software we mentioned earlier to efficiently record your monthly income and expenses. However, we would also like to remind you that QBO is just a software after all, and it needs to be given correct instructions before it can generate accurate calculations. In order to save you more time and worry and avoid unnecessary losses.