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Chapter Three Day One Records
ОглавлениеOn Day One you’ve got to think about setting up your bookkeeping and tax system. Federal and state taxes fall into a pattern of quarterly and annual requirements and before you know it they will be due. So start working on this on your first day.
Good records and a great team working with you are your best defenses against repercussions from mistakes. A bookkeeper or CPA on your team can handle quarterly tax requirements and paperwork. The expense is worth it for the peace of mind – and to free you up to do what you really want to do. Even though you’re still completing the initial paperwork to flesh out your entity and kick off your business, taking the time to make the right choices in your accounting and record keeping can pay off in saved time and money once your business is up and booming.