Bookkeeping Tip #8 for Small Business Owners

An issue of Hacker magazine (Photo credit: Wikipedia)This week's bookkeeping tip for small business owners is guard your information. We can all sometimes forget that scam artists and even hackers are out there, waiting for an opportunity to steal information. Always be conscious of security and confidentiality when it comes to information, especially when it comes to your company's books. Be mindful of who you friend on your personal social networking sites. If you don't know the individual personally, don't friend him or her. For some excellent tips on how to avoid small business scams, visit this page by the FBI. It's full of thoughtful tips, such as "never send money or give out personal information such as credit card numbers and expiration dates, bank account numbers, dates of birth, or social security numbers to unfamiliar companies or unknown persons." That one may seem like a no-brainer, but a reminder keeps it in the forefront of your mind, and some of the tips are less common knowledge.

Have a great day, and be sure to like Clear View Business Solutions on Facebook to see our weekly tips in your news feed.

Bookkeeping Tip #7 For Small Business Owners

Image via WikipediaTip #7 is be smooth when dealing with the IRS. Specifically, send any correspondence to the IRS using certified mail and request a return receipt. If you do not succeed in resolving your issue on the third try, consult the Tax Payer Advocate office.

To avoid any IRS mess, take precautions, such as maintaining a good audit trail. Keep copies of notices and letters from the IRS, as well as tax returns and receipts. Ask the IRS to abate penalties if you can show that you made a good faith effort to pay your taxes and just made a mistake.

Here's an article entitled "Work Cooperatively with the IRS for a Smooth Audit."

If you want another handy bookkeeping tip next week, like Clear View Business Solutions' Facebook Page so that our weekly blog post might pop up in your news feed. Good luck on those taxes!