Accounting, Business, Fiscal year, Internal Revenue Service, Records management, Small business, Tax, tax return
New Small Business owners should check out the following IRS link to Publication 583 which tells you important information you need to know when starting your business. It discusses forms of business, identification numbers, tax year, accounting method, business taxes and more.
Good recordkeeping helps new businesses monitor their progress, prepare financial statements and keep track of deductible expenses for filing tax returns.
- Publication 583, Starting a Business and Keeping Records