How should i keep records for my LLC?.... tax time prepping?

what do you use? do you have a system that gets you through it?
for people who own LLC's.. how do you stay organized all year for when it comes tax time, as far as deductions, and records to keep?

Normally an LLC will have some sort of accounting system that is producing a profit and loss statement periodically. Business taxes are much different than personal taxes and the financial statements are relied on to some extent to prepare the tax returns.

The best advice is to probably contact your tax professional and see what he or she is going to need from you at your tax year end.

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