What records do I need to maintain for my business?

Answer:

The IRS recommends keeping:

• Income Records: Bank deposits, invoices, 1099-NECs
• Expense Receipts: Dated and categorized for business purposes
• Mileage Logs (if claiming vehicle expenses)
• Payroll Reports (if you pay employees or yourself as an S-Corp)
• We provide Pipeline checklists to guide proper record keeping.