A good 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 Revenue Procedure 2001-10 (PDF) article.
Understanding Your IRS Notice
We realize that receiving a notice from the IRS can be unnerving, but if you follow these simple steps, the process to resolving the discrepancy should be straight forward.