IRS Resources and Recordkeeping: Best Practices for Business Success
Date/Time
8/27/2024 12:00 PM - 1:30 PM Pacific
Sponsors
Event Type(s)
Member Event Community Events Visitor & Community Events
Event Description
We will share best practices for organizing your business records and guide you on how long to keep them. Additionally, we will discuss common issues in IRS audits and provide useful IRS online resources to help you stay compliant and prepared. Don’t miss this opportunity to enhance your recordkeeping skills and safeguard your business. Register now!
You will learn:
• Why you need to keep your records.
• Why it is important for business owners to know the rules, even if they have hired a bookkeeper or CPA.
• The importance of separating the business and personal transactions.
• How to keep business records organized with some best practices
• Recordkeeping timeframe. How long you should keep your records.
• The common issues in IRS audits.
• Share useful IRS online resources.
• How bookkeeping software works (emphasis on QuickBooks)
• Financial Reports: P&L and Balance Sheet
• Demystifying the Balance Sheet
Location
Setting: In-Person Sacramento Valley SBDC Training Center 1792 Tribute Rd. Suite 455 Sacramento , CA 95815