video1.0<iframe src="https://www.loom.com/embed/054c275cce7f4cf8a9c8c3b89134b921" frameborder="0" width="1730" height="1297" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>12971730Loomhttps://www.loom.com12971730https://cdn.loom.com/sessions/thumbnails/054c275cce7f4cf8a9c8c3b89134b921-full-1700000838529.jpg310.16497464000014In this video, I provide a template for creating a profit and loss statement that you can use when working with your CPA. This template helps you track your income and expenses, especially if you're not ready to sign up with an accountant or use an online software. I explain the importance of categorizing your expenses and provide step-by-step instructions on how to fill in the template. I also discuss additional sections for home office expenses and vehicle usage. By the end of the video, you'll have a clear understanding of what your CPA needs to draft your tax return.