This year has been crazy. We’ve gone from being relatively care-free to an agonized mess.
Our annual accounting with the government should have ended a month ago- but a great percentage of us won’t finish with this task for another two months. Which is part of the subject matter I’ll be discussing today.
So, the 2015 business tax season is over. And, this was but another year that I found many clients lacked the necessary business records. Oh, sure, the IRS requires every business (incorporated or not) to maintain accurate financial records. But, regardless of what the IRS wants, every business owner should know that accurate financial records are critical for a successful business.