Prep for Tax Prep

This dreaded task is that much worse when you have to pay for it. Blitstein recommends Outright, which provides free online tax preparation. It tracks your expenses and income and automatically itemizes these expenses into your Schedule C tax form. Self-employed people use this form to report profit or loss from their businesses. "It streamlines the whole process of tax preparation," says Blitstein.

For more: Hidden Tax Tips for Entrepreneurs