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recordkeeping system can actually help you
save money. Find out what kinds of records you
should keep and learn how to create a
recordkeeping system for your business.
Cash vs. Accrual Accounting
There are two forms of accounting used by the small business- cash and
accrual. The best method for your company depends on a variety of factors
which include the nature of your business, its legal business structure, and
whether or not you extend credit. Read the
Procedure 2001-10 (PDF) article.
Understanding Your IRS Notice
We realize that receiving
notice from the IRS can be unnerving, but if you follow these simple
steps, the process to resolving the discrepancy should be straight forward.