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Sandy Casie
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Sandy Casie   My Press Releases

Bookkeeping for your At Home or Small Business

Published on 1/31/2016
For additional information  Click Here

Many times people start a new At Home Business but they do not realize the responsibilty regarding bookkeeping.  Not only for tax purposes but for you as the owner of the business to see what you are investing  and earning.

I recently did a Press Release on this simple but helpful tool to help with your business, you can read it below.

Use this simple tool to protect your personaly identity from theft but keep you businesses on track

The other issue is the number of people that do not understand

YOU ARE RESPONSIBLE FOR TAXES FOR YOUR HOME BASED BUSINESS

You can read the Press Release I wrote on that subject below

It's not a scam that you have to pay taxes even if you work from home. Uncle Sam wants his share!

In this Press Release I am going to share some great information so you can learn and understand bookkeeping for you small business.

 

Here are a few bookkeeping tips to help keep you business organized in case you get an audit.

  • Keep all receipts that pertain to your business
  • Keep a ledger with your (+ and -) for your business
  • Open a seperate bank account just for taxes (Many times people say I am not worried, I will just pay my taxes when due......but this get can you in serious trouble if you spend your taxes due.)
  • Use an EIN number for all things associated with your business
  • Get a file box just for your business documents with folders seperating expenses for each month.

Yes, you read right......just because you have a home based business, that does not mean that one of Uncle Sams assistants will not be knocking on your door wanting to see your books.

Many time people think if they sell on auction sites and other places on the web that the IRS is unaware, THINK AGAIN!

The book below is a great investment for the small business owner.

Click the image below to read more

If you are not one to keep and write books, (although it is highly recommened to have a bookkeeping system in place along with an online program) you can purchase online bookkeeping software.

There are several to choose from so be sure to research what you think may be suited for you and you business.

Keep in mind if you have:

  • Any home based business
  • Sell on your own website
  • Sell on auction sites
  • Are in Direct Sales
  • Are a Network Marketing Affiliate
  • Or offer any type of service in your own business

YOU NEED TO HAVE A BOOKKEEPING PROGRAM IN PLACE!

 

Member Note: To comment on this PR, simply click reply on the owners main post below.
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