Running a small business can involve a huge amount of work. When you’re dealing with customers and taking care of day-to-day business needs, bookkeeping may not seem like the most pressing issue. But if the IRS decides to audit you and your records are lacking, you can wind up in a bad position.
Part of the challenge is that many business owners don’t know exactly which records they need to keep. We’re here to help. In this blog article, we’ll provide six tips that will help you stay on the right side of state and federal tax laws. (Afterward, if you want more help, you can read five additional bookkeeping tips here.)