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Start Your Record Keeping

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Once you’re up and running, having a system in place for keeping track of tax records will make day-to-day business run smoother. Some of the documents you’ll be providing your CPA for your tax returns include financial statements and your financial records you’re keeping either through a manual system or on a system such as Intuit QuickBooks. You’ll also want to keep track of bank statements, equipment bought and sold by the corporation during the year, loans and detailed information about them, and detail on the estimated tax payments you’ve made to both federal and state tax entities. Keeping track of this information as it flows in and out of your business makes putting your hands on it at tax time less taxing and far less of a headache.

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Run Your Own Corporation

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