Greetings!
Business transactions often require various documents to support the entries in your books and on your tax return.
See our article below for information of the types of records you should keep as supporting documents.
ECL Consulting, LLC's Business Coaches work with business owners and managers in the areas of business management, administration and strategic planning to maximize the potential of the business and help owners realize their dreams. By coaching you through every vital part of your business, we help create the plan, inspired action and measurable results to achieve your vision. |
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Keeping Good Records for the IRS |
You may choose any record keeping system suited to your business that clearly shows your income and expenses. Except in a few cases, the law does not require any special kind of records. However, the business you are in affects the type of records you need to keep for federal tax purposes. Your record keeping system should also include a summary of your business transactions. This summary is ordinarily made in your business books (for example, accounting journals and ledgers). Your books must show... ( read more) For step-by-step guidance in record keeping and organization, contact ECL Consulting, LLC for a one-on-one coaching session. |
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Getting Organized
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As a small business owner you wear many hats. With all the rewards and responsibilities of ownership, it's no wonder that paperwork often falls to the bottom of your list, along with organizing your office, work flow and schedule.
If you want to eliminate misplaced paper files, know exactly where you put that document on your computer, have a clutter-free pathto your desk, and remember important deadlines and appointments every time, contact us to put ECL's Organizing Solutions to work for you!
Better yet - call us BEFORE you get stuck to free up your time & start saving money! |
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Ask An Expert |
 Q: I want to go out of town and still do my payroll. I have QuickBooks Pro 2008 installed on my office and laptop computers. Office computer is the primary. Time sheets are always emailed to me and all employees are on direct deposit. What's the best way for me to accomplish this? A: Click here
Ever have a tax, QuickBooks or accounting question, but didn't know who to ask? Now you can Ask An Expert. Send us your question and we'll answer it here. |
