When it comes to keeping records, it’s better to be safe than sorry. Typically, you should keep your accounting records for at least three to seven years, depending on your business needs, just in case Uncle Sam comes calling.
Handling sales tax is crucial; you don’t want the taxman knocking on your door. Businesses in Mesa need to collect sales tax on their sales and report it to the state, so make sure to keep those records straight!
There are plenty of fish in the sea when it comes to accounting software. Popular options include QuickBooks, Xero, and FreshBooks, each having their own strengths to help you manage your finances smoothly.
While you can handle certain things on your own, having an accountant is like having a trusty compass in the wild. They can help you navigate those tricky tax laws and ensure your financial ship stays afloat.
It's best to stay on top of things like a hawk watching its prey. You should update your accounting records regularly—ideally every month—so you can catch any mistakes early and keep a clear view of your financial health.