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tax tips

Recordkeeping: How to Keep Records

May 9, 2012

Resources:

  • Publication 583
  • Revenue Procedure 97-22
  • Revenue Procedure 98-25

Why YOU Should Care:

Good records will help you monitor the progress of your business, prepare your financial statements, identify sources of income and expenses, and prepare your tax returns. Electronic recordkeeping is growing in popularity as it occupies less physical space in your workplace and is easily searchable. However, it’s crucial to have the proper method in place.

Continue reading “Recordkeeping: How to Keep Records”

Posted in Concerns for all Taxpayers, Recordkeeping | Tagged organization, Recordkeeping, tax tips | 1 Response

Recordkeeping: What to Keep

May 2, 2012

Resources:

  • Publication 583

Why YOU should care:

Good records will help you monitor the progress of your business, prepare your financial statements, identify sources of income and expenses, and prepare your tax returns. Should you be audited, a good recordkeeping system could save the day.

Continue reading “Recordkeeping: What to Keep”

Posted in Concerns for all Taxpayers, Recordkeeping | Tagged organization, Recordkeeping, tax tips

Categories:

  • Concerns for all Taxpayers
    • Charitable Donations
    • Education Deductions
    • Estimated Taxes
    • Healthcare & Taxes
    • Recordkeeping
    • Retirement
  • Concerns for Bloggers
    • Blog Giveaways
    • Blog Income
    • In-Kind Advertising
  • Concerns for Business Owners
    • Business Expenses
    • Business vs. Hobby
    • Entertainment Expenses
    • Home Office Deduction
    • Mileage Deductions
  • Concerns for Retailers
    • Online Sales
    • Sales at Craft Fairs
    • Sales Taxes
  • Legal Entity
    • The Limited Liability Company
    • The S-Corporation
    • The Sole Proprietor
  • Resources
    • Small Business Administration

Certifications & Affiliations:

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- Information contained within does not constitute tax advice. -