Blog Archives

Record Keeping – It is Important

Posted on October 17, 2010 by Linda Silva

Proof of a deduction or business expense takes two legs. Under IRS §162, Trade or business expenses, a taxpayer must prove that the expense: was ordinary and necessary for carrying on a trade or business; and was actually paid. It…

Tagged with: accounting, bank statements, bookkeeping, deductions, financial records, IRS, travel
Posted in Bookkeeping, Tax Articles, Tips & Tricks

Record Retention Guide: What You Need to Keep

Posted on September 16, 2009 by Linda Silva

What records do you need to keep and for how long? This matrix shows you.

Tagged with: bank statements, computer, employee, employment, income, Payroll, payroll records, records, travel, withholding
Posted in Business Finances, Tax Articles

Ten Most Common Bookkeeping Mistakes by Small Businesses

Posted on July 24, 2009 by Linda Silva

It may not one of the more glamorous jobs, but bookkeeping is part and parcel of a company’s success. Mistakes and inefficiencies can cost a company both time and money. This article discusses 10 of the most common mistakes made by small businesses.

Tagged with: bank statements, bookkeeping, common mistakes, computer, credit card, deductions, independent contractors, IRS, records, sales tax, small business
Posted in Bookkeeping, Business Finances, Tips & Tricks