Thursday, August 11, 2011

How do You keep records for an LLC?

A good CPA is the way to go, but purchasing those cardboard filing boxes works well. Once you have figured monthly expenses and Income then sort them by type according to deduction type. Keep each month in a seperate box until the years end. Then you have the same 12 boxes for next year, at tax time you will simply gather all the files from each box, and put then into one or two or three boxes and you should be able to go through a expense and income sheet from each box to figure your taxes. The rest of the papers are just filed away except for any of those that you need to send in.

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