How Keeping Your Business Accounts Managed Can Be A Lifesaver Around Tax Time
Small business owners usually know that they need to hang onto all of their receipts, invoices, and billing statements, but they don't usually maintain organized records. Whether you are operating an S-corp or have a less complex business entity, accurate records must be kept. Businesses can end up owing a hefty sum if they don't estimate their quarterly state tax payments correctly, and there are many times fines that become applicable as a result of these kinds of oversights.