maintaining business records
By: Joel Arndt
Good records will help you do the following
Monitor the progress of your business
Prepare your financial statements
Identify sources of your income
Keep track of your deductible expenses
Keep track of your basis in property
Prepare your tax returns
Support items reported on your tax returns
Prepare your financial statements
Identify sources of your income
Keep track of your deductible expenses
Keep track of your basis in property
Prepare your tax returns
Support items reported on your tax returns
Record Keeping -- Small Business Tax Tip