One of the most important and most overlooked components of starting a business is bookkeeping. Often times the owner will start off great, but as times goes by they will get tied up with the other demanding challenges of owning a business. Sometimes they never really start at all and intend to tackle it once the business operations are flowing. Both of these are a mistake!
When starting a business, you should not only research how to create and sell a stellar product/service, but also how to account for such, including what is required of you. One excellent place to start is the Internal Revenue Service. It has a variety of resources for the small business owner and great information on record keeping, To-Do’s when starting a business and much more! The Internal Revenue Service can be your best friend or your worst enemy. Leverage the information it provides and make them a resource. Check out there Small Business & Self-Employed website now at:
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed
