Remove Auto Repair Shop Remove Banking Remove Car Parts
article thumbnail

Importance of Precise Income Statements for Tax Season and Beyond

AutoFix

On one hand, they’re a roadmap of where you’ve been, giving you the data needed to push your auto repair shop to the next level. Far too often, auto shop owners muddy the waters by routing all their major purchases through the business. In ‘Other Expenses,’ add items like depreciation and amortization.