Business

What are general record retention guidelines for business taxpayers? While a business’s recordkeeping system will be unique to its situation, below are some general guidelines regarding tax-related records. Canceled checks for tax payments – Permanent Correspondence from IRS/taxing authorities – Permanent Depreciation schedules – Permanent FUTA/FICA/SUTA/income...

Even the savviest of small- and medium-sized business (SMB) owners and operators have some common and seemingly insignificant business habits that creep into day-to-day work. All told, these bad habits can seriously impact a business’ longer-term profitability and viability. Maybe you’re dealing with tangible, finance-related issues....