How to keep self employment records?

Answer 1

I think you'll need to be a bit more specific. In general, keep receipts for every business expenditure, keep a log of all business mileage and auto expenses, set up a separate checking account and phone number for all business dealings (receipts and expenses), never pay anything by cash, among other things. If you're a small business, you should consider setting up something like QuickBooks or Peachtree to help you handle the accounting aspects of your business. It also might be a good idea to contact an accountant to make sure that you're doing things properly prior to starting the business.

Good luck!