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The Olympics are well under way and so is tax season! Have you ever wondered what the Olympics and accounting have in common? If we’re being honest, probably not. But, lucky for you, we’re here to show you how the two are related.

If you want to win the gold in curling, you have to win the gold in your accounting, as well. If you are an ice skater, that is your job, so your skate are tax deductible! Same with every other professional sport, as well. 

Tax season is approaching, which for some may mean stress and anxiety. What if we told you those feelings aren’t necessary? Take a deep breath and rest easy knowing that these tips will help you make your tax preparation smooth sailing.

Avoid procrastination 

As tax season rolls around, it’s important to know your options and to choose what’s best for you. This includes whether to have a Certified Public Accountant (CPA) do your taxes or TurboTax.

For a little background, TurboTax is an American tax preparation software. It’s the #1 best-selling tax preparation software, which means it must be the best choice for everyone, right? As a matter of fact, if you have opened a small business or own one, hiring a CPA during tax season is the way to go, not a software program.