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Business Finance

Guidelines for record keeping

Three Years (from Date of Filing Return or Due Date of Return, Whichever Is Later) Bank deposit slips Cancelled checks Daily sales records Entertainment records Expense reports Paid vendor invoices Written acknowledgment from charity for contributions of $250 or more...

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Four Ways You Can Help Prevent an IRS Audit

Although tax season won’t arrive for a few more months, the best way to come out of the process on top and in the clear is by being prepared throughout the fiscal year, to mitigate any chance of being audited after you submit your tax documents. While F & F Business...

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Pros of Outsourcing Your Payroll

If you are like the majority of small business owners, you no doubt have many different issues that confront you on a daily basis. Ensuring that your employees are paid correctly and consistently is certainly one area that can consume your time and efforts. However,...

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5 Helpful Quickbooks Reports Every Business Needs

It’s important to stay on top of your business’ finances. Failure to do so can not only leave your business floundering, but it can also cause you to spend more time than necessary when tax time rolls around each year. Fortunately, Quickbooks understands this and...

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