Keeping Accurate Records

It is extremely important that you keep accurate records for your business. With tax season approaching us, here are a few ways that you can ensure that you are reporting accurate information regarding your business profits/loss statements.

• Monitor the progress of your business.

• Prepare your financial statements.

• Identify the sources of your income.

• Keep track of your deductible expenses.

https://www.irs.gov/businesses/small-businesses-self-employed/why-should-i-keep-records