One of the most common non-tax questions clients ask tax professionals is “How long should I keep this?” “This” could mean bank records, copies of tax returns, or virtually any other piece of business information. This reasonably comprehensive overview focuses on keeping business records for tax compliance, specifically, what to keep and how long to keep it in case a taxing authority ever decides to examine (audit) a business return. Records management is an entire field unto itself! Hiring an in-house records manager is beyond the needs or the budget of most small businesses, but it’s important to understand that proper records management is serious business.
Tax season is always demanding. But what comes after? As a dedicated tax professional, it’s crucial to continually enhance your practice and adapt to an ever-changing landscape.
Introducing the Beyond the Returns Series – an in-depth suite of four live webinars designed to transform your firm’s future.
• Navigate the complexities of practice mechanics.
• Achieve a fulfilling balance between home and work.
• Dive deep into the imperatives of security and liability.
• Strategize your firm’s life cycle, from inception to retirement.
Led by industry veterans, Amber Gray-Fenner, EA, NTPI Fellow, USTCP and Matt Metras, EA, this series promises actionable insights to ensure you’re well-prepared for the 2024 filing season and the years to come.
Don’t miss out on this opportunity to redefine and rejuvenate your tax practice.