Welcome back to the office valued employees. BowTiedCEO is back to enlighten you about something most business owners hate: Accounting and Finance. I know! I know! It’s so boring and you hate it, but having a little knowledge can save you time, money, and possibly, jail time!
So let’s go over ten, count’ em ten, best practices you will want to know in order to keep those books tidy and out of the crosshairs of the IRS.
Understand Your Business
“CEO why is this number 1? This isn’t helpful. I know my business.”
Do you though?
Do you know you if and when you have to register, collect, and file state sales tax?
What are the state or country requirements for a digital nexus if you have an online business?
Did you know you should separate your accounting by store if you have a multiple location brick and mortar?