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What are the main reasons a business needs to keep books? I would have to say the 3 key reasons for bookkeeping are:
1) One of the main reasons a business needs to keep books is so that the business owner has an accurate record of the totals of all income and expenses of the year for the ... Views: 1060
Here are 3 common tax mistakes that many of us break almost daily. Respect them, and you'll reduce the chance of coming to grief with the Internal Revenue Service.
1. Keep business and personal affairs separate
It might be overstated to say that the two should NEVER meet. You might ... Views: 1070
Why is $250,000 the magic number?
There has been much debate with regards to how to close the budget deficit. With President Obama's fix saying that federal income taxes should be increased for households making more than $250,000.
The questions is, how did this become the threshold ... Views: 1368
Are you interested in bookkeeping work from home?
Get bookkeeping tips and guidance on doing bookkeeping work at home here.
I will provide you with some helpful recommendations on bookkeeping business software, ideas for finding bookkeeping work from home and information on setting up ... Views: 2701
Certainly there could be no harder task than to choose the single best from so many important, yet different, bookkeeping basics. So let me help a little and pick three, for different reasons.
#1) Get a business federal tax identification number. Otherwise known as an EIN (Employer ... Views: 1135