IRS Resources and Recordkeeping: Best Practices for Business Success

Aug 27 12:00 pm — 1:30 pm

Event Details

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

The information provided in this webinar and any supplementary materials provided to registrants are intended for educational and informational purposes only and does not constitute professional financial or legal advice. No registrant should act or fail to act on the basis of any material contained in this webinar without obtaining proper financial, legal or other professional advice specific to their situation. The Northern CaliforniaSmall Business Development Center, and its host, the HSU Sponsored Programs Foundation, specifically disclaims any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the information presented in this webinar. By registering for this webinar you acknowledge and agree that you have read, understood, accept and agree to the above disclaimer and that under no circumstances shall the Northern California Small Business Development Center or it’s host, the HSU Sponsored Programs Foundation, be held liable for any claims, losses, or damages of any kind or nature arising out of or in any way related to the information provided in this webinar and/or the registrant’s use of or reliance on said information.